WAVES 30M Timeframe Chart 17 December 2017
Waves, on the 30 minute chart it is.
Red zone: 67k as a resistance
Blue zone: 67k as a support
Again it's retesting whether this can sustain as a support or not, as it's fighting the resistance line a lot of times and couldn't break it.
A few scenario's possible:
1 - can sustain this level and will breakout to another height.
2 - can't break this one and will bounce on the lower level around 60K sats and possibly break out from there
3 - can't breakout on both of them and will go down to 50K and try from there.
So I'm accumulating from here, reserving some more just in case it doesn't break out. If it does, I'm buying extra.
Red zone: 67k as a resistance
Blue zone: 67k as a support
Again it's retesting whether this can sustain as a support or not, as it's fighting the resistance line a lot of times and couldn't break it.
A few scenario's possible:
1 - can sustain this level and will breakout to another height.
2 - can't break this one and will bounce on the lower level around 60K sats and possibly break out from there
3 - can't breakout on both of them and will go down to 50K and try from there.
So I'm accumulating from here, reserving some more just in case it doesn't break out. If it does, I'm buying extra.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.