gandolfthegray
Long

WAVES tide about to rise - Is the ship about to sail?

BITTREX:WAVESBTC   Waves / Bitcoin
WavesBTC can be seen on the daily chart to be at or near the lower resistance. For educational purposes, this may be a good place to consider a buy. RSI is near oversold level and appears to be showing higher low while price showed a lower low. Keeping in mind the time scale, WavesBTC 0.37% appears to be well-positioned to move up as things play out with BTC -0.48% over the next days to weeks and have a lot of upside. Finally, MACD looks to be close to crossing over to bullish , further suggesting a shift towards buying.

Additionally, WAVES may be have relatively lower risk relative to other smaller cap coins - Waves is currently 32 for marketcap.

Alternatively, if BTC -0.48% goes lower in the next days to weeks, Waves may go down further.

Several other AltCoins are in similar positions and may be moving up very quickly soon (e.g., see ZECBTC for a similar setup). Several coins have started increasing lately, so the time may be now if you don't mind holding them for weeks to months and you know what coins you are willing to hold and what risk are you willing to take.

This is not meant as trading advice.
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