Waves High Volume Bounce (60%+ Possible)

Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.

Right now I am seeing some massive bullish action.

WAVESBTC is printing its highest volume bar since January, and it will likely close highest since last years bull run.

The bounce is happening after breaking below MA200, very strong support.

The RSI hit deep oversold and is now trending up.

I also find it interesting that Waves decided to move today that Bitcoin is moving down...

There is good potential for a strong bounce here. Remember to use a stop loss if you decide to trade this chart.

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(Direction and targets on the chart).

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Comment:

Support is forming around the current price area. If WAVES repeats a similar move as to back in December, it can produce really nice gains. It can move late this month or early next one: