WAVES has been trading in this channel for almost an entire year now. Generally, the longer a certain pattern has been followed, the stronger the areas of support and resistance become.
Recently, WAVES has seen a big correction towards the channel support line at the bottom. With BTC becoming more bullish at the moment, alts are following suit. In case of a prolonged BTC move we might see WAVES shoot back towards the top of the channel, a potential +100% gain.
Be aware that alts are strongly correlated to BTC, so never trade them without looking at BTC.
Happy trading!
Recently, WAVES has seen a big correction towards the channel support line at the bottom. With BTC becoming more bullish at the moment, alts are following suit. In case of a prolonged BTC move we might see WAVES shoot back towards the top of the channel, a potential +100% gain.
Be aware that alts are strongly correlated to BTC, so never trade them without looking at BTC.
Happy trading!
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