WAVES/BTC Macro and Micro Trends
The chart indicates a drastic shift from negative energy to positive as we see a sizeable move upwards, right as WAVES intersects the support/resistance lines of the majority of its macro and micro trends. We see that most of the resistance levels have now become support as WAVES climbs towards breaking back into is highest value macro trading channel (top 2 yellow trend lines). Red trend lines indicate the macro downtrend that was broken through. Orange line is the current middle of the most recent channel/pattern. Purple line indicates strongest bottom support and a break below that would ignite a massive downtrend, in my opinion. Green lines indicate the current macro channel, i feel like WAVES will swing pretty wildly within these two lines as it makes its way back up to the top channel.
We also can notice a pattern beginning to emerge of 2 short bursts of rapid gains, followed by a correction, then a larger and longer one than the 2 previous. I expect sometime by the end of the year to see a fairly massive jump, near the 200% range is a couple weeks timeframe. If you place a Fib Retracement starting at the purple trend line to the top yellow line, you will notice how well the support/resistance levels match up to pretty much every single trend.
Prime conditions for some drastic upward moves, as I see it.
We also can notice a pattern beginning to emerge of 2 short bursts of rapid gains, followed by a correction, then a larger and longer one than the 2 previous. I expect sometime by the end of the year to see a fairly massive jump, near the 200% range is a couple weeks timeframe. If you place a Fib Retracement starting at the purple trend line to the top yellow line, you will notice how well the support/resistance levels match up to pretty much every single trend.
Prime conditions for some drastic upward moves, as I see it.
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