Waves coin (Waves/BTC) Technical Analysis


Here is the Technical Analysis of Waves coin.

A sweet downtrend triangle pattern is seen in the Waves chart. Waves coin is in the downtrend and we may see a drop in the price in the coming weeks. 

The red zones are work as support and Waves may see a small reversal from these support levels. 

Waves coin is tested the golden Fibonacci ratio 0.32 and here we see two scenarios:

1) The market may move according to the red arrows and test the major support levels of 58500-61200 sats.

2) The market may test the 0.5 levels on the Fibonacci and again go down to the major support levels shown in the red box.

Full Chart Here

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