Waves Targets $5 After Breaking Out Above Resistance

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In Brief
  • The price has broken out from a descending resistance line

  • There is support at $3.20 and resistance at $5 and $8.

  • WAVES/BTC has broken out above the 26,000 satoshi resistance area. The next resistance is at 70,000 satoshis.

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The Waves (WAVES) price has broken out from a yearlong resistance area and validated it as support afterward. Technical indicators and the wave count indicate that the price is likely to continue moving upwards. Breakout From Long-Term Resistance Throughout the majority of 2019 and 2020, the WAVES price consolidated near its all-time lows below $1. In July 2020, the price began an
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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