BINANCE:WAVESBTC   Waves / Bitcoin
The 2 months long bearish triangle is coming to an end, so the price must take the decision of where to go. Personally I think the most likely way is to the downside, because WAVES went in a bubble and very likely it did not find the bottom yet.

The next levels of price to watch for a likely bounce are 60k, 50k and 40k satoshis. Those levels have been important in the past for the price and they also coincide with Fibonacci levels.

After a breakout of the bearish triangle, it is important to look at the 60k level for buying opportunities, because it is very likely that the price will eventually re-test the bottom of the triangle at 69k. After that, a continuation of the drop is probable.

When will the breakout happen? Probably within this week.

Stay tuned for more updates.
Comment: As I said, the price of WAVES fell below 69kl and even 60k and now it is touching 50k. The more time we stay near 50k, the less are the chances of a potential bounce from here.

We can as well break 50k to bottom at 40k.

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