Long
"WAVES" Schematic After Reaction phase
Waves broke out above resistance at $2.07 in 12 Aug and rallied to an all-time high in the mid-$2s. This action phase gave way to a contrary reaction phase that dumped the price back to new support and undercut it for a few candles , shaking out weak hands.probably price will recover all of its losses and post another round of all-time highs, completing the resolution phase.
Trade active
Resolution phase seems to be startNote
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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.