Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Waves (WAVES) Technical Analysis: Continues Solid Performance this Month, Back Over $2 Today

Published 12/13/2018, 09:54 AM
Updated 12/13/2018, 11:02 AM
 Waves (WAVES) Technical Analysis: Continues Solid Performance this Month, Back Over $2 Today

Waves has continued to climb over the last 24hrs despite a largely bearish market - up another 12% against BTC and en route to bank a 160% gain overall in one month.

After breaking bullish off a double bottom on November 21, news broke out that the project had finally released its eagerly anticipated mobile wallet application which helped attract more bullish traders to the spiking rally. The new digital asset management tool, integrated DEX platform and new Waves token leasing feature struck a huge chord with the community and helped carry the asset to a height of 60,000 Sats before correcting. Following a brief pullback, Waves Founder Sasha Ivanov later tweeted that the platform will also be releasing and activating ‘Waves Smart Assets’ -

“Upcoming smart assets on Waves can do: whitelists, ICO tokens freezing, taxation (token issuer collects transfer fees), trading against only certain currencies and more”

This encouraged a second surge of bullish momentum to pick Waves back up and make a strong return to the 60,000 Sats level. So far, little bearish resistance has held the asset back, allowing this coin to decouple from the falling market and soar.

The Waves ‘Smart Assets’ are set to go live sometime tomorrow, and activate in a further ...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.