What do the charts show us?
On the daily higher time frame, it appears that over the next several days the 15,55&90 MA will be crossing-over this can lead to the $3.39 resistance being re-tested.
Accumulation has fallen, however this can be a cooling off period.
Waves has been rejected from dumping at the 0.618 line, this can be seen as to fill the gaps at $2.025 before a further pump just as what occurred on the 3rd of December.
illustrates continued momentum, with not being enough to see a down-trend incoming.
Twice the 0.618 fibonacci at $1.88 has been re-tested, with each time failing to see a dump.
on the lower time frames appear that $2.38 will be retested today at the least.
A third re-test of the 0.618 fibonacci before a fall below $1.88 would see it go to fill the gaps to the 0.382 to be filled. This is been based on positive momentum and heavy buy-side to be unlikely.
Nouvive Says: WAVES looks likely to re-test the resistance and local high of $2.386, based on higher time frames positive momentum, it appears that there is a chance that it will break the 200MA and go to the previous high of $3.39 before falling from there. A break below $1.70 would indicate that the pump is over.