possible double bottom of WAVES
Updated
WAVES bounced from 70k sat for the second time in the short period of time. After a bearish period, this might be a signal of a double bottom.
Resistances exist on the levels of 80 and 90k sat.
If the bearish trend line gets broken we can expect an easier growth to 90k but have in mind that the overall market is still bearish so a breakout is less likely. But as all FUD with cryptomarket is getting lower, this likelihood will increase.
Fundamentals of WAVES are excellent.
This coin is drawing more and more attention every day and a lot of people considers it one of the most undervalued coins.
WAVES already has full working product. Roadmap for the Q1 of 2018 is really promising and a lot of positive news is expected in the next two months.
Resistances exist on the levels of 80 and 90k sat.
If the bearish trend line gets broken we can expect an easier growth to 90k but have in mind that the overall market is still bearish so a breakout is less likely. But as all FUD with cryptomarket is getting lower, this likelihood will increase.
Fundamentals of WAVES are excellent.
This coin is drawing more and more attention every day and a lot of people considers it one of the most undervalued coins.
WAVES already has full working product. Roadmap for the Q1 of 2018 is really promising and a lot of positive news is expected in the next two months.
Note
Still, too much FUD in total cryptomarket. BUT something has to happen with WAVES soon.
Note
Volume is still low but WAVES slowly breaking the triangle. Resistances are Fibonacci levels. If bitcoin does not fell sharply we can expect 130k sat until the end of February.
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