Waves: technicals and fundamentals come together!

Lots of people often say Technical Analysis is just a lot of 'mumbo jumbo'. But in fact TA tries to capture mass psychology in graphs. Though it is not science, it often collides beautifully with 'real life facts'.

Check this Waves graph. We see two support lines (green) and two resistance lines (red). The rising support line, meets the falling resistance line in the apex (Star symbol). This happens @ octobre 10th.. Meaning: on or just before that date Waves has to make a (bigger) move.. up or down (I would say up!).

And guess what Waves has a big update coming @ (you guessed it right :) ) Octobre 10th (check out: steemit.com/cryptocu...on-october-10th-2017).
Coincidence? I don't think so!

تعليق:

Currently we are battling both resistance lines.. we have allready seen some loss of gained territory. Don't praise the day before its over.. this candle could become a shooting star driving as back below both resistances.. Lets react and not anticipate ;)

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There we have our shooting star. A candle that often signals the end of an upmove. Most likely we fall back to the green rising support line, getting closer to the Apex!!

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Tension is building up! Getting close to octobre 10th, the apex and the decision for the prevailing trend!

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Considering the recent beating of Stratis and the fact that both coins have similarities and their graphs seem somewhat correlated.. I am more hesitant to go for the upside break @ this point

تم إغلاق الصفقة يدويًا:

Octobre 10th. Final break happened yesterday.. current sentiment didn't help Waves.. my warning above didn't hurt either ;)
For now we have some follow through.. which indicates: sell the fact..