Waves ( $WAVES 1D) the tide is swirling
I’m not very familiar with this coin and his fundamentals so I will keep it technical.
The price is now venturing above the last swing high.
Both Stochastic and RSI are indicating an upward momentum.
The price is now testing the 200-day EMA. If it breaks, the respiration can be felt till the last known resistance line (2.049$).
After a tight consolidation, volumes are once again increasing which is bullish.
If we remain above the new support ( 1.055$) I remain bullish.
Enjoy alt season while it last, but in the long run this huge down wick is a problem and may indicate further downside in the future.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
The price is now venturing above the last swing high.
Both Stochastic and RSI are indicating an upward momentum.
The price is now testing the 200-day EMA. If it breaks, the respiration can be felt till the last known resistance line (2.049$).
After a tight consolidation, volumes are once again increasing which is bullish.
If we remain above the new support ( 1.055$) I remain bullish.
Enjoy alt season while it last, but in the long run this huge down wick is a problem and may indicate further downside in the future.
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
Trade active:
a profit can be made vs BTC today it's nice. let see how high it can go.
a profit can be made vs BTC today it's nice. let see how high it can go.
