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.
