WAVES has been residing in this channel for over half a year now. Both the upper resistance and lower support of the channel have been holding strong for that time, signaling a potential reversal well ahead of time.
In the last couple of weeks the lower support line has been rejected several times. With today's bullish volatility I think we can finally safely say that WAVES is on its wave to produce a third wave, potentially targeting $10.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
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