WAVES has been residing in this channel for over half a year now. Both the upper resistance and lower support of the channel have been holding strong for that time, signaling a potential reversal well ahead of time.
In the last couple of weeks the lower support line has been rejected several times. With today's bullish volatility I think we can finally safely say that WAVES is on its wave to produce a third wave, potentially targeting $10.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
In the last couple of weeks the lower support line has been rejected several times. With today's bullish volatility I think we can finally safely say that WAVES is on its wave to produce a third wave, potentially targeting $10.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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