WAVES BEARISH DIVERGENCE ON THE 4H & DAILY TF
Bearish divergence formed on both the 4h & daily timeframe for wavesusdt pair.
Below is the Bittrex & KuCoin charts showing their daily timeframe.
On the daily we can see that price has managed to break out from a long term channel currently above resistance. While there is a possibility it could go back to support of the channel, we don't know for certain yet, but we can at least expect price to retest the channel resistance as support.
Make sure to use a stoploss
Below is the Bittrex & KuCoin charts showing their daily timeframe.
On the daily we can see that price has managed to break out from a long term channel currently above resistance. While there is a possibility it could go back to support of the channel, we don't know for certain yet, but we can at least expect price to retest the channel resistance as support.
Make sure to use a stoploss
Note
TP1-$29.92TP2-$28.08
TP3-$24
Trade closed: stop reached
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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.