The blue box is all buy -- anything lower is stop loss.
The MACD and RSI would have us believe a pump is coming. I am also hearing a lot of bullish news for crypto from Russia and Waves is as Russian as they come. The platform saw some really hard times recently but seems to have found its bottom. Accumulate here.
WAVES has tested the .618 fib line 4 times... I feel like this is a strong base formed
The MA's 7,21, 77 are all still below the 231 which suggests it may be a bit of a wait and hold but I think it may be a good time to get in while it's cheap.
The 30 min graph shows 7, 21 and 77 MA's consolidated within the last couple of hours with 7, 21 going above the 77...
It seems we have a strong support at .00098011 Satoshi Indicated in green. We can see a Falling Wedge, which is a strong trend reversal signal. MACD confirms the upward movement. Stoch RSI confirms overselling happening at the support each time at the 0.00098011 level. Moving averages are still showing bearish for the most part but we can expect a breakout in the...
Fundamental: Waves has a great team, Sasha Ivanov is everywhere all over the world, lots of news, active community, new tokens, rapid development, frequent releases, partnership with near-government structures. The project has great future. Smart contracts are in roadmap for 2017.
Technical: 0.0009-0.001 is a very strong resistance zone and chart is bouncing...
We draw the line from last minor breakout, and see that since RSI fell back below it, the red line has been resistance.
On the price chart, teal line represents 61.8% fib.
So, in order for WAVES to reach higher prices, RSI has to break and stay above red RSI resistance line.
Also, when MACD moves above red line and CCI value rises above 100, then there should be...
3 levels to watch.
Blue line also represents the 50 line on RSI. Expecting volatility around that level, because every time price makes a great move, RSI breaks below or above 50 level.
So as long as RSI stays above 50, its either movement to the upside or worst case sideways movement.
