I'm a true WAVES bull. I think the stock has performed incredibly well this year and it has held up relatively strongly during the correction. What we see here is a proper cup and handle setup, with line b' as the target price. We did have a breakout in April, but we are now forming a new congestion zone just below resistance at line c'. Every time weakness occurs, we see buyers coming to the rescue. I buy on any dips.
Where will WAVES be at the end of the year? I think we are looking at a five-bagger, possibly a ten-bagger. At the ratio around line a' or b', we would probably see a six digit Bitcoin price. That would put WAVES at a minimum of $90 at the end of Q4. I'm happy to be reminded of this at the end of the year.
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