🔥 WAVES Holding Weekly Uptrend

5 thg 5, 2022

WAVES has been subject to a massive sell-off as of late. During this sell-off, WAVES has bounced off the long-term bullish trend line (purple). The bounce yesterday occurred after the FED interest decision failed to surprise traders. Furthermore, it's interesting to see that WAVES and many other extremely oversold cryptos saw the biggest inflows of capital.

For now, I'm expecting this bounce to produce a lower-high instead of a higher-high. Therefore I keep my targets close; $20 and $30.