Waves does look extremely bullish after it managed to break above the massive resistance at 91k satoshi. This price level has been rejected from above and below multiple times and today, Waves broke higher.
Additionally, WAVES/BITCOIN broke above the downtrend trendline as well as ascending channel, not to mention higher highs and higher lows pattern. Such price action suggests the reversal of the trend and could send Waves as high as 190k satoshi where previously resistance level was formed. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Additionally, WAVES/BITCOIN broke above the downtrend trendline as well as ascending channel, not to mention higher highs and higher lows pattern. Such price action suggests the reversal of the trend and could send Waves as high as 190k satoshi where previously resistance level was formed. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Trade active
Still Bullish OutlookNote
Waves rejected the downtrend trendline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.