WAVES IN TOO DIP

2. Aug. 2018

Waves is one of the best crypto currencies out there in the crypo world. Like most of our recent analysis patterns Waves is also in a falling wedge creation pattern. It seems its in its dip position since such a massive longer period of time in this short history of the crypto world. So if the candle closes below that green support line of the falling wedge we might see a further correctional continuation. But the most probable scenario is a rebound upwards and a creation of an elliott waves. Next strong resistance is around 39690 sats in the mid to long term frame. RSI is considerably in a very low level at around 15 and volume needs to increase to see the spike.
Entry Zone : 24500 sats and below
Stop Loss : 22000 sats
Mid / Long Term Targets
T1 : 39690 sats
T2 : 49300 sats
T3 : 57060 stas
T4 : 64830 sats
T5 : 75880 sats
T6 : 89960 sast
Good Luck.
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