Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.
Right now I am seeing some massive bullish action.
WAVESBTC is printing its highest volume bar since January, and it will likely close highest since last years bull run.
The bounce is happening after breaking below MA200, very strong support.
The RSI hit deep oversold and is now trending up.
I also find it interesting that Waves decided to move today that Bitcoin is moving down...
There is good potential for a strong bounce here. Remember to use a stop loss if you decide to trade this chart.
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Thanks a lot for reading.
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Namaste.
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Support is forming around the current price area. If WAVES repeats a similar move as to back in December, it can produce really nice gains. It can move late this month or early next one:
it‘s funny how you always publish your „analysis“ right after significant price movements and be like „this will either go up or down bit huuuuuuuuug profit potential“. you‘re the reason why im sick of tradingview for a few months now. namaste my ass
kaskassa
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Hi Alan, what do you think of wavesbtc in current setting, it seems it continued deep southward, do you see any bounce in perspective ?
kaskassa
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@alanmasters, Hi Alan, what do you think of wavesbtc in current setting, it seems it continued deep southward, do you see any bounce in perspective ?