✴️ Waves Bullish Chart Fully Explained
Updated
This is a beautiful looking chart and really strong favoring the bulls... I would like to go through it with you step by step.
Waves came out of this Falling Wedge pattern last month and it looks nice. The falling wedge always matches a broken downtrend once the bullish breakout takes place.
There was a low 10-March.
The bullish breakout in June pushed prices above this level and also above EMA50.
On the breakout retrace and retest, which is normal, prices bounced before hitting this 10-March support and EMA50, sending out a very strong bullish signal.
Today we see the resumption of the initial bullish move in the form of a strong big candle with bullish indicator.
All these signals together are pointing up.
The fact that the market has been growing, recovering, building up functions as additional support.
I am bullish here on WAVESUSDT and WAVESBTC, these pairs are moving together now, so we can see them both moving up.
Namaste.
Waves came out of this Falling Wedge pattern last month and it looks nice. The falling wedge always matches a broken downtrend once the bullish breakout takes place.
There was a low 10-March.
The bullish breakout in June pushed prices above this level and also above EMA50.
On the breakout retrace and retest, which is normal, prices bounced before hitting this 10-March support and EMA50, sending out a very strong bullish signal.
Today we see the resumption of the initial bullish move in the form of a strong big candle with bullish indicator.
All these signals together are pointing up.
The fact that the market has been growing, recovering, building up functions as additional support.
I am bullish here on WAVESUSDT and WAVESBTC, these pairs are moving together now, so we can see them both moving up.
Namaste.
Note
+35% on the initial breakout... We are very likely to experience additional growth, much more.
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