WAVES Technical Update (WAVES/USDT)

WAVES has been on a move lately, now looking like relatively soon we could test all-time highs which are just shy of $7 ($6.96).

Recently a seemingly new round of liquidity has came into WAVES that has moved WAVES/USDT recently from around $2.60 per token to $5.80.

As you may know, Cryptonetix is building our platform on the WAVES blockchain and we rarely run out of good things to say about it. It looks like now WAVES may be starting to get the momentum so many have anticipated for the platform over the long-term.

4HR Chart — Technical Chart and Entry Setups using simple a fibonacci retracement, watch for price action signals around these fibonacci numbers for a potential long opportunity.

We are utilizing a Fibonacci retracement on top of this current Wave (no pun intended) to look for good BUY opportunities as the pair pulls back to support after the recent move to $5.80.

Before long we could no-doubt see WAVES testing all-time highs, and we are of course very bullish on WAVES over the long-term.

Our Cryptonetix recommendation on this pair is bullish long-term and using the current Fibonacci retracement levels to buy into a longer-term hold around the $4.61 (38.2% Retracement) and near $3.88 (61.8% Retracement, also watch the psychological $4.50 and $4.00 levels) should offer great trading levels for those looking for WAVES to continue in an upward movement.

Our video update around the current view on WAVES/USDT

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