WAVESBTC a nice Double Bottom

At the 2-hours timeframe chart we can see a partially formed Double bottom pattern. According to the Technical Analysis there should be a reverse soon in the short term. Stoch RSI is in the oversold zone, Momentum is Bullish while SMA and EMA are going to indicate "Buy state" soon. The possibility of the second bottom to be formed is high, thus the pattern will be finished.

Technical analysis is positive at the moment we can see a rise to the 0.000274 level soon where our free target is located. Up from this point the price can be pumped which will help it to penetrate Ichimoku clouds.

Nevertheless then we will see a volume contraction and subsequent corrective price movement.

Trade active:

The price has not reached the stop loss level it is 0.000265 now. However the pattern was broken.

In such a case we recommend you to sell the largest part of WAVES at the breakeven point the the rest at the first target

Comment:

The price reached the breakeven point at the upper edge of the buying zone. You can close the largest part of the position. Leave a small part to fix profit at the 1st target

Trade closed: target reached:

Congratualations to Premium users who held WAVES during this crash and crisis month!

Up to x3 gain within 1 month

Profit: 182.3%
Duration: 1 month