Waves Possible Breakout
WAVES on Wednesday. I've been seeing a lot of talk about WAVES breaking out soon so I decided to take a look and do my own charting. Off the bat I was intrigued and after examining it closer I am a big believer WAVES.
June 2016's peak to March 2017's deepest trough is roughly 80% correction before 1200% bounce to new ATH. Similar wedge pattern formed just in smaller scale. The 2017 peak in June experienced a nearly identical 80% correction through November. Since that low point we've seen our lows rise with wedge pressure consolidating the price.
In an ideal world we are coming up on a similar massive bull run but with BTC on skates we will just need to cross our fingers and BTFD.
MORE BULLISH FACTORS
- RSI bouncing off 30 level and getting higher
- Retracements offer large % return compared to BTC
- Consolidation of price in the wedge
This is a short term play to outperform BTC bitcoin as I am not endorsing the tech or utility behind WAVES. However I do feel confident that we will see some price action soon.
Chris Mack IS the new head coach of Louisville men's basketball and I couldn't be happier.
DYOR - Wine Wednesday baby
*DELGADO*
June 2016's peak to March 2017's deepest trough is roughly 80% correction before 1200% bounce to new ATH. Similar wedge pattern formed just in smaller scale. The 2017 peak in June experienced a nearly identical 80% correction through November. Since that low point we've seen our lows rise with wedge pressure consolidating the price.
In an ideal world we are coming up on a similar massive bull run but with BTC on skates we will just need to cross our fingers and BTFD.
MORE BULLISH FACTORS
- RSI bouncing off 30 level and getting higher
- Retracements offer large % return compared to BTC
- Consolidation of price in the wedge
This is a short term play to outperform BTC bitcoin as I am not endorsing the tech or utility behind WAVES. However I do feel confident that we will see some price action soon.
Chris Mack IS the new head coach of Louisville men's basketball and I couldn't be happier.
DYOR - Wine Wednesday baby
*DELGADO*
Not
Heres the smaller wedge from 2016 - 2017 with the % increases and decreases following the breakout
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.