Exgodfather
Long

WAVES: Pump Over or Continued Bullish Momentum incoming

BITTREX:WAVESUSD   Waves / US Dollar (calculated by TradingView)
WAVES over the past several days have been pumping, with yesterday's momentum seeing close to 60% netted before a reversal. Does this look like a dump is incoming or continued bullish momentum following a cooling off period? 

What do the charts show us? 

Bullish  

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. 
MACD illustrates continued momentum, with bearish volume 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. 
RSI Stochastic on the lower time frames appear that $2.38 will be retested today at the least.
Bearish  

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 volume 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. 
Sold today at the 200 EMA. Bought PPT with the sell. the RSI is at the bottom and the MACD is turning up. Hope to hit the .618 at $1.55
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Thanks for this.
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