Waves | Will The Same Pattern Repeat?

18. Juni 2020

Recently WAVESBTC has been looking bullish and a new pattern just emerged.

Looking at February 2020, we can see a convergence of EMAs followed by a bullish jump.

Now, we are seeing a similar pattern take form.

We have WAVESBTC breaking above EMA10,50,100 and also MA200.

We have bullish indicators as well as a bullish cross of EMA10 and MA200.

With an ascending channel and also higher lows, the probabilities are high for Waves to continue to grow.

The bulls have the upper hand here.
We only switch to bearish if prices drop and close below 0.0001000.

Namaste.