WAVES uptrend loosing momentum

٢ يناير ٢٠٢٠

While WAVES stay within uptrend, bullish volume is getting weaker. Therefore we may expect pullback to test 1400 and 1390 support. Both can push price higher and continue uptrend. Falling lower to 1290 support will break the trend and cause consolidation to start within 123-135 channel.

P.S. If I'm wrong and bulls will find power to make another impulse move, it may take it to ~1680 resistance.