WAVESBTC is now gaining bullish momentum after printing a "v-shaped" bottom pattern.
We have a very strong bullish candle today with the RSI and MACD starting to trend upwards.
We are likely to see higher prices for this pair.
Waves has formed a large falling wedge, a very large one
Currently sitting above the 50MA now isn't a bad entry point for long entry, of course it could go lower but you are still holding through the falling wedge of course
Included a Fibonacci retracement to see how a bullish viewpoint progresses
Looking very promising. The 12 hour chart shows bullish divergence with RSI in oversold territory, confirmed on multiple time frames. Price bounced off of the bottom of the descending wedge, and is finding support on a major daily level.
Very close to predicted target from previous idea, but got there unexpectedly too fast. Also has build up of very heavy bullish divergence on the HTF, yet price keeps falling.
PA is similar to April 2019. If fractal plays out, expect very heavy volatility when volume picks up.