Long

WAVES - Impending Bounce Back?

WAVES has broken out from its down trend line but has not yet bounced back as hard as most other altcoins from last week's lows.

It is so far trading sideways between the 0.23 and 0.38 Fib levels, but could be headed upwards taking support of and facing resistance from the higher Fib extension levels drawn.

Subject to a large extent to BTC maintaining above 38K and possibly breaking its own 40K resistance.

NFA. DYOR.
Chart PatternscryptoCryptocurrencyTechnical IndicatorsTrend Analysiswaves

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