Sailing on the WAVES - where will our ship go?

2021年10月15日

If you want to surf instead of sailing, go ahead ...
But first, take a moment and check out my thoughts about the current movements in this ocean.



Waves network is cheap and fast. There is or will be a high demand for Waves tokens because of its Exchange launch. Also, some protocols on Waves ecosystem have their airdrops announced: such as Vires, which offers high yields up to 100% even on stablecoins. Check yourselves, it's not an advice ;)

Last day closed with the green doji candle with a long wick upside. There were wicks like this before - there is some resistance around 35$ as we can see.



We are in the point where 3 supports meet:
- FIBO 61
- demand zone (green square with a green line inside of it)
- 1st trendline

Price action respects this area - a "doji* candle started forming there - it means indecision or a possible reversal


We also broke out a local correction (red falling line) which we can see better on the lower timeframe (15min)


During the time of writing this I missed a fakeout, there was a pump which appeared to be a bulltrap

Let's see what happens next ...