WAVES/XBT moves down to test support for the third time

KRAKEN:WAVESXBT, which has recently been in a conservative upward trend, is moving down to test support for the third time. Given the bigger picture of the general trend, it is expected that WAVES/XBT will deflect upward after testing support.

Keep in mind, however, that the cryptocurrency space as a whole is looking rather bearish, and this does have a real chance of throwing off the current bullish trend in WAVES/XBT.