Waves Possible Breakout
Updated
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*
Note
Heres the smaller wedge from 2016 - 2017 with the % increases and decreases following the breakout
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