WAVES has declined significantly during the last bear market run caused by the Chinese regulatory news. According to the Fib. 0.236 level the current price level is well into the BUY zone. RSI
and OBV are still showing bear market signal however the downtrend seems to be slowing as seen by the increase in the RSI
and OBV indicator. Ichimoku
gives us the overview of a still bearish
market however the price seems to be in a transition stage. If price can break the 0.0011 level it should continue to rise to the 0.0012 level with the exception that if more bad news comes from China the price could drop further into the BUY zone and dip as low as the 0.00096 support level
before reversing to an uptrend.