May look baffling !

8 באוק׳ 2019

The coin "Waves" is in a super big downtrend since January. Some crucial supports tried to stop candles during this 9 month downtrend and I highlighted those. It may seem a long way to reach those supports because firstly price is now far away from them (for example 3k area) and second they NOW has become resistance and a killer bullish power is needed to break them. Right now "Waves" team and CEO are announcing complicated news to try to sound noisy.For example Feature 14 ,Coinbase Custody and Binance.us are among news. I do not see any reversal chart patterns for now, but a strong bottom has formed and candles reached the heavy support and resistance inside the Kumo cloud. Kijunsen (red line) is now a reliable resistance and is pushing candles up once they hit it. If you want to buy Waves here I recommend you wait until 1151 area to be broken up. For more risk-averse people waiting for candles to be above Kumo cloud is more reasonable action.