Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for WAVES coin is neutral-bearish. The coin itself has repeatedly made attempts to secure a buyer interest above the 0.618 FIB (27$), however it just instead made a clear bearish top and an even weaker higher low compared to the previous one. The support in the 0.236 area is very strong, however the coin will need a considerable amount of momentum even from the red zone to actually break the triple top. Continuous rejections from that region would potentially send future investors to not rely on the asset anymore for further upside.
The recommended strategy for this coin is to short it in the 0.618-1.0 Fib especially during a temporary bear trend with regards to Bitcoin for a more powerful confirmation and long it at the 0.236 during a confirmed bull market.
The recommended strategy for this coin is to short it in the 0.618-1.0 Fib especially during a temporary bear trend with regards to Bitcoin for a more powerful confirmation and long it at the 0.236 during a confirmed bull market.