Waves. What to expect, Technical analysis
Bitcoin is the Monney, Waves its the Plataform.
I have to say that i'm agree with this slogan, many of my friends are interesting on waves develevement and i'm interesting on make profits by speculating with the price; so when we sit together an chat about it i love to ear them talk about hows the proyect is going and afther that give my point of view about it, of course since my perspective as a trader.
Did i lost a sweet trade opportunity?
Well i really dont think so, even if according with tradingview i has lost an 455% growth since the last minimum on waves and the recent maximum, it took almost 22 days for the price to reach that growth. I have to be honnest and say that i had wished to be there and make an investment, but something tell me that isnt over... So i think i might not loose the chance...
First we need to see the price behavior
- First Maximum after the release Occurred on 19 of Dec 2017
- High resistance. Occurred between 27 of Dec 2017 and 09 of Jan of 2018
- High resistance. Ocurred between 16 of Feb 2018 and 21 of Feb of 2018
- Recent high resistance Occurred on 01 of Apr 2018
Its very important to know where we are going, know first we had been.This applies not only on life matters, also applies on the market. As we can see the price all ready shows the importance prices that we have to look for, we have to be carefull at those prices cause it would expected that we saw a high reaction at thouse prices. Nothing to scare about but its better if we dont forget about them.
Second we need to study the recent price action
On 01 of April 2018, the price reject the area of 3.18 Usd (1) and starts a new bull wave leading to an 161% growth to the next maximum of 8.60 Usd (according with Tradingview)
After that on 02 of July 2018 (2) and 17 of July 2018(3) the price reject the same area but in this time leads an devaluation of almost 72% (According to tradingview) to the last historical minimum.
"Recently" the price rise with a huge enthusiasm on 07 of Dec 2018 (4) but as we enter to 2019 the enthusiasm appears to slow down and now we are under a huge resistance that appear to be a next challenge for the next bull wave.
It's not About How much we invest, it's about When
- If the price can stay above between the 3.26 Usd and 3.40 Usd we can expect a growth of 20 or 30% (according with tradingview) but we have to be careful cause this bull ride could only be a trap. If the price reject could not go further that 4.30 Usd and 4.50 Usd we would expect a devaluation of the price and it could fall to the next high support around the area of 2.43 Usd and 2.10 Usd.
2)If the prices continues to stay under the 3.27 Usd we can expect an devaluation of the price leading us at least to the area of 2.43 Usd and 2.10 Usd. This area could help if the price stops the fall at this points, but if the prices does not succesfully recover since this prices, the bear ride could lead us to the prices of 1.50 Usd or 1.30 Usd
So, What will you do? Or What do you think about this?
Please tell me your opinion i will love to read it and also i will appreciate if you like my post to upvote or resteem.
Thank you for your time and God Bless you.
Greetings.
Saul Q.
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Dear my friend Saul, you know how much i am engaged with Waves, i have there my cryptocoins and when Waves go up, they go up too...:))
Regarding the future, i am really worry that the Waves price will follow the rest of the market and it seems there will be not too much chance to rise up, but if Waves 2 months ago was just behind Steem and now it is over 20 position before it means they are solid company and the money there are keep safe...
Im agree with you my friend. Now i'm waiting to see the price behaviour but for sure i will do an invest on Waves.
Well, I'm not no longer in to technical analysis but I have been hodling waves for the past one year or so. Waves has one of the best platforms and doing pretty well in it activities. The price might be a worry if we are looking at short term profits but I believe it should never be a worry if we are looking at long term.
Thats true, thank you so much!
"It's not About How much we invest, it's about When" - I completely agree, the amount you invest is not relevant if the prices are not moving, or going down.
I don´t think you lost an investment opportunity, but without a doubt you lost a trading opportunity.
The cryptocurrency platform requires a platform for making tokens. Ethereum was not meant for that so the transaction costs are high.
Waves is an interesting platform for creating tokens so I think it may be a success in the future. The same goes for Bitshares.
Im sure that it will, thank you!
Waves is performing good, Now a little crash happed but I do belive it will go back to $3 again since BTC value also down,
next week will the airdrops of Vostok to waves holders, so it will create a spike,
You may want to join the Redfishcoin and earn monthly shares since 2017 that will soon on Nanu exchange
Really?? Wow!! so now its an interesting time to enter you think?
You can check to their updates, telegram and witter, buy at dip as it will spike again., let see next week for updates
I think Waves has a unique opportunity in the market, its ideally set up to create Decentralised exchanges which is what we're going to be moving to as people start to grow weary of centralised systems and wanting to hold their own keys when trading
While other smart contract platforms focus on dapps and payment protocals I think Waves should focus on recruiting and encouraging DEX development on its chain
Thank you my firend, do yo have more information about DEX? im in teresting to learn more about it
Well you can check out my post about types of exchanges or check out more about DEX here
Hope it helps
Thank you!
What do you think about Steem. Recent prices of steem are really disappointing.
Lets Take a look today! Thank you
Hi @sfcq240788
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