WAVES - the success of forecasts for the last 2 weeks based on 7 signals - 100%
Stablecoin management DeFi platform Neutrino emerges as the key factor behind WAVES' ongoing price rally. Neutrino allows the creation of decentralized stablecoins that maintain their U.S. dollar-peg by collateralizing WAVES tokens.
What's next? WAVES appears to have been breaking out of a bullish continuation pattern called a "bull flag." In detail, the chart pattern looks like a downward sloping channel that appears after a strong price move upward (called "flagpole"). In a perfect scenario, it resolves by breaking out toward the level at a length potentially equal to the flagpole's size. Applying the classic interpretation of the bull flag pattern to WAVES' ongoing price action suggests a continued price rally toward $100, as shown in the chart below. However, WAVES' weekly relative strength index (RSI) has turned overbought — a sell signal. That could have the WAVES/USD pair retrace towards $34 as its interim support level.
