Hello Steemers!
Doing a chart for Waves today!
Pretty new coin, ranked 16th on coinmarketcap, some decent volume and volatility on trading.
The CEO Sashahad an interview on @coininterview which drew my attention:
Fore more info about WAVES check out their website and their Bitcointalk thred:
Website - https://wavesplatform.com/
BCT thread forum - https://bitcointalk.org/index.php?topic=1387944.0
Starting of with the clean charts, weekly and daily chart.
weekly chart Bittrex -clean - Dec. 23, 2016
On the weekly we can see some basic movement from about 25k to 32k satoshi in the first 3 months, followed by a hard pump to about 58k satoshi after which a hard dump started in which we still seem to be.
daily chart Bittrex -clean - Dec. 23, 2016
Once it's zoomed into the daily the moves are easier to see.
Putting some lines one, will focus on the daily as it gives a better overview of the moves on the market made so far.
daily chart Bittrex -lines 1 - Dec. 23, 2016
With the lines on i can see some possible accumulation zones and support resistance territories, for a clearer view i painted those lines, purple and blue, each space in between the same color marking a zone.
daily chart Bittrex -lines 2 - Dec. 23, 2016
After giving color to the lines we can see how before the pump there was a major accumulation zone between ~25k and 32k satoshi.
Another possible accumulation level seems to be from the ~22k to 27.5k satoshi, the 27.5k has played a major role as a support and the price has recently dumped below it finding support around the 22k saotshi line.
For the final touch putting the fib on.
daily chart Bittrex -fib - Dec. 23, 2016
The fib shows a major accumulation area from the recently made local low at 20k to the ~27.5k satoshi line with another fib line around the 32k line.
1st (green) - The price enters a hard uptrend breaking the top of the first accumulation level (27.5k satoshi) making it a new support then passing the 32k line and going further up.
2nd (yellow) - The price starts a new accumulation period in the zone marked with the blue lines ( 22k - 27.5k satoshi).
3rd (red) - The price does a small bounce to the 25k satoshi line then goes down breaking the all time low and seaks a new one.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?
Please post the links to your TA's posts into the comments as well!
DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.
Kind Regards, OZ :)
COMMENT
Thinking the price will establish a new accumulation zone in the 22k - 27.5k saotshi range and trade there for a while using the 25k line as support/resistance in between the moves
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has been ranked within the top 25 most undervalued posts in the second half of Dec 23. We estimate that this post is undervalued by $7.19 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 23 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit