Waves (WAVESBTC) finds support just below the .618 Fib. retracement level for the last bullish wave... This can signal that the retrace that started on the 1-Jan. is over.
As prices for Waves bounced and started to move up, prices went above EMA10/50 and are now challenging EMA100. We can see increasing volume/a volume breakout, a very strong RSI and a bullish MACD.
All these signals are telling us that the retrace is complete.
Our main targets are marked with magenta dashed lines on the chart.
This is not financial advice.
If prices move lower, 0.0001027 is the immediate support. 0.0000935 can be used as a stop-loss. We use manual stop-loss when trading cryptocurrency.