Waves Look Bullish, Do You Agree?

١١ يونيو ٢٠٢٠

Waves is gaining momentum after completing a retrace... Here we are looking at the pair against Bitcoin, WAVESBTC.

• The black line on the chart stands for MA200, we can see the green candles moving above this level.
  
• The bold magenta line stands for EMA50, and this now is now also below the current price... This means that WAVESBTC is now open to produce strong moves.

The next and main target is marked on the chart.
Above EMA50/MA200 we remain strongly bullish on this pair.

Conditions for change
If prices move below the levels mentioned above (MA200/EMA50), we still remain bullish but we put our "warning" hats on.

Namaste.