Get started

WAVESBTC

WAVES consolodation and HoldWAVES has tested the .618 fib line 4 times... I feel like this is a strong base formed The MA's 7,21, 77 are all still below the 231 which suggests it may be a bit of a wait and hold but I think it may be a good time to get in while it's cheap. The 30 min graph shows 7, 21 and 77 MA's consolidated within the last couple of hours with 7, 21 going above the 77 (faster going above water over the slower MA). This is a positive sign for the short term trend heading upward. Would love others thoughts and feedback on this! I'm learning :) Also, if anyone can tell me more about how the RSI and ADX indicators relate to what I'm saying or if they are suggesting something different, please please comment as I would love to understand more about how these indicators work. Thanks!
by charligolding
Waves - Falling WedgeIt seems we have a strong support at .00098011 Satoshi Indicated in green. We can see a Falling Wedge, which is a strong trend reversal signal. MACD confirms the upward movement. Stoch RSI confirms overselling happening at the support each time at the 0.00098011 level. Moving averages are still showing bearish for the most part but we can expect a breakout in the next 1-10 days. We can also see falling trend line connecting the highs is steeper than the trend line connecting the lows. Upon breaking above the top of the wedge, we can expect the pair to make a nice move upwards that’s approximately equal to the height of the formation. Based on the above signals, we should expect a bullish breakout incoming. If the current trend breaks the support we will have to test a new support if the wedge is still being followed. We should also hope for increased volume closer to the top side of the wedge.
Long
by mumbojam
Moment of truth for WAVESFundamental: Waves has a great team, Sasha Ivanov is everywhere all over the world, lots of news, active community, new tokens, rapid development, frequent releases, partnership with near-government structures. The project has great future. Smart contracts are in roadmap for 2017. Technical: 0.0009-0.001 is a very strong resistance zone and chart is bouncing above it for a few weeks. Next strong resistance is red line. I hodl waves for a long time and hope it will reach .0015 and break the local downtrend to confirm old ATH and reach the new one. This scenario is most probable due to fundamental reasons but the short fall to .0006 levels is also possible (hope it's not :).
Long
by jralter84