Been keeping my eye on this one for a long time, waiting for an entry point.
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Looking for an entry point around 2340 sat. Have a stop loss ready to go in case we lose this line of support. Will monitor close to see if daily candles start closing green.
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Key line of support: 2340 sat
Previous Pumps
Aug 3: went up 83%
Nov 19: went up 417%
We are coming into this important line of support again, probably within 3-7 days. Keep in mind both times it rocketed off this line, it took a few days of small gains before it really took off. Simultaneously, and perhaps not of coincidence, in 6 days, WAVES team will release new scripting language on the platform. So this might provide the extra juice needed.
Posted via Twitter from Team Member
Sasha Ivanov | sasha35625
6 more days more to go until the release of the new #blockchain scripting language on #wavesplatform.
To be honest I've been waiting for this moment since more than a year. new things always take time.
***
Looking for an entry point around 2340 sat. Have a stop loss ready to go in case we lose this line of support. Will monitor close to see if daily candles start closing green.
***
Key line of support: 2340 sat
Previous Pumps
Aug 3: went up 83%
Nov 19: went up 417%
We are coming into this important line of support again, probably within 3-7 days. Keep in mind both times it rocketed off this line, it took a few days of small gains before it really took off. Simultaneously, and perhaps not of coincidence, in 6 days, WAVES team will release new scripting language on the platform. So this might provide the extra juice needed.
Posted via Twitter from Team Member
Sasha Ivanov | sasha35625
6 more days more to go until the release of the new #blockchain scripting language on #wavesplatform.
To be honest I've been waiting for this moment since more than a year. new things always take time.
Order cancelled:
Clearly we lost a key support level here for WAVES. But all ALTs have been getting destroyed. Looking at Binance coins, all bets are OFF for any ALT right now on Binance. No support is holding for any ALT coin except BNB.
SEC bringing the hammer
Strict new exchange regulations due in June 2020
Binance blocking all US traders Sept 12, 2019
Bittrex blocking US traders from 32 coins on their exchange
Facebook's Libra
Bitcoin halving late May 2020
Once Bitcoin hits it's top (20k?), will we see another ALT boom? Or will they continue to plummet now that US traders are essentially locked out from easy trading options for so many coins. ALTs feel riskier than ever right now. Be careful with your trades and don't forget to use stop losses!
SEC bringing the hammer
Strict new exchange regulations due in June 2020
Binance blocking all US traders Sept 12, 2019
Bittrex blocking US traders from 32 coins on their exchange
Facebook's Libra
Bitcoin halving late May 2020
Once Bitcoin hits it's top (20k?), will we see another ALT boom? Or will they continue to plummet now that US traders are essentially locked out from easy trading options for so many coins. ALTs feel riskier than ever right now. Be careful with your trades and don't forget to use stop losses!
ALTs are getting crushed on Binance since the big announcement that the US will no longer be allowed to trade coins. It's clear a lot of US buyers are selling their bags and pulling out of Binance. I expect this trend to continue all the way to Sept, as remaining US traders on Binance mull the decision of pulling out their coins or selling off their bags. Expect further drops.
If WAVES loses this support line, it could fall quite a ways. There is no further data for below this line of support. So refer to coinmarketcap website for more historical data and chart from that.
Sept 12 is the deadline for US to be blocked by Binance for trading.