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Waves Technical Analysis: WAVES/USD massive 63% price explosion takes waves to $3.47 after Binance announcement

  • WAVES/USD got a USDT-margined perpetual futures contract on Binance and has exploded in value.
  • The trading volume of WAVES also has seen a significant increase.
Waves Technical Analysis: WAVES/USD massive 63% price explosion takes waves to $3.47 after Binance announcement
Lorenzo StroeLorenzo StroeIndependent Analyst

As the time of writing, WAVES is breaking out above $3.47 after a gigantic 63% price surge within just hours of the announcement from Binance. Waves is now close to the high at $3.54 established in May 2019.

WAVES/USD daily chart

WAVESUSD

Not much can be said about the daily chart, clearly, WAVES is extremely bullish right now and facing very little resistance to the upside. The RSI is heavily overextended at 91 points but FOMO is simply too strong. The massive increase in trading volume in the past two days indicate the bullish breakout is real.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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