WAVES looking for a Buy
WAVES has been quite for the last weeks but is now on support area combine with MM100 daily.
MACD Daily is consolidating which make me think we might not see an impulsive move up right now but i would start looking for buying position there.
In my opinion anything betweem current price and 20$ is a buying opportunity. For some more confidence we can wait for the MACD to start reversing or even turn green.
Ideally this MACD move would happen as the market is ranging under 25$, if not and price goes up then we would wait for a restest of the 25$ area to go long.
Optimum opportunity would be to go long on the blue trendline which has been holding the prices for the whole year.
My bias : I would open a small line here and ready to add up on signals if prices go lower.
MACD Daily is consolidating which make me think we might not see an impulsive move up right now but i would start looking for buying position there.
In my opinion anything betweem current price and 20$ is a buying opportunity. For some more confidence we can wait for the MACD to start reversing or even turn green.
Ideally this MACD move would happen as the market is ranging under 25$, if not and price goes up then we would wait for a restest of the 25$ area to go long.
Optimum opportunity would be to go long on the blue trendline which has been holding the prices for the whole year.
My bias : I would open a small line here and ready to add up on signals if prices go lower.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.