$WAVES way to $10 and beyond

3 de fev. de 2021

WAVES/USDT
4H
WAVES has been showing tremendous strength lately on lower timeframes. It has been moving with a consistent higher low and especially holding the major key-area of support, which is vital for the continuation of WAVES. Currently, it is approaching a key-area of resistance, which can be seen as a range high. The MKAST Algorithm provides support with a bullish condition, such as the MKAST Index, which is continuously making higher lows and giving WAVES the strength that it needs to break the key-area of resistance.



WAVES/USDT
1D
WAVES' strength on the lower timeframes can also be seen on the higher timeframes, which are just showing bullishness all over the place. The current HTF structure for WAVES looks like an ascending triangle and is leading up to a possible breakout. The higher lows and holding the mentioned key-area of support are seen here just as well, and this goes into a combination of the MKATS Algorithm, which is showing a bullish condition. The MKAST LenLen Ribbon provides moving support for the price, which could any time decouple from the ribbon and start a strong move to the upside. The MKAST Index shows 8/15 points, which is considerably low for the structure WAVES is in and leaves much room for growth, especially for the breakout, which seems imminent.

All in all, there is excellent potential for WAVES if it breaks out and turns the mentioned key-area of resistance into support. Even a price discovery is not out of the books, should this break out anytime soon.