Waves ( $WAVES 1D) the tide is swirling

I’m not very familiar with this coin and his fundamentals so I will keep it technical.

The price is now venturing above the last swing high.
Both Stochastic and RSI are indicating an upward momentum.

The price is now testing the 200-day EMA. If it breaks, the respiration can be felt till the last known resistance line (2.049$).
After a tight consolidation, volumes are once again increasing which is bullish.
If we remain above the new support ( 1.055$) I remain bullish.
Enjoy alt season while it last, but in the long run this huge down wick is a problem and may indicate further downside in the future.

As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_

Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.

Transaction en cours:

a profit can be made vs BTC today it's nice. let see how high it can go.