WAVES - From the Hodl to the Grave? Or Rocking the Boat?

WAVES is a blockchain protocol used to make dapps; among other, fairly standard offerings like smart contracts and wallets.

It's been around for a bit, rewarding long term investors with 80% losses at this moment from it's highs at listing. Hodl and wait you say? Well you have fun with that.

On the WAVESBTC 1D we've got an interesting potential situation forming up.

What I see:

• We've been trading in a downward channel after we finally saw a very long, very disappointing bullflag come to an end.
  
  
• This downward channel has been posting steady decreasing volume, with the smallest sell volume being this week.
  
  
• MACD is posting small reds, and we're nearly touching for a reversal.
  
  
• Stoch looking hungry for more growth with a cross, still in undersold and room to go.
  
  
• EMA this pair bounces off it's EMA 100, often very strong, or rides it like... well a wave...
  I've put rectangles around each crossing of the EMA 100 in the past year:
  Purples we hit the MA and hung out underneath it trading sideways for a while, then recovered.
  Greens we hit the MA and rebounded. With every rebound but one being decently aggressive.
  
  
• The last rebounds produced a pump, a retest, then an almost 200% pump.
  
  
• We just tested EMA 100 for the first time since this pump...
  

BUYING IN?
This has a lot of potential, you have pieces coming in to place that haven't been there in a while.

Wait for confirmation before making a move. If you decide to buy the retest make sure you SL appropriately if it goes south. Buying the breakout would be safer ultimately.

TPs & SL are on chart and listed below.

TP

• TP#1 - 0.0002700
  
• TP#2 - 0.0003050
  
• TP#3 - 0.0003300
  
• TP#4 - 0.0004000
  

SL: 15-20% Max

It could also just trade around EMA for another year and a half. 🥳

--
"Not only strike while the iron is hot, but make it hot by striking." - Oliver Cromwell, (potential bull?)
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.

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Comment:

TP #1 Hit :) +30%