Big WAVES coming?
Updated
Major downtrendline broken. Once WAVES🌊 break up out of this choppy range (18.8-11.5), I would expect the price surging to the white resistances (can be used as targets), but I think we are going much higher ultimately. This current chart above reminds me the situation in the chart below:
Like👍, follow✒️, enjoy📺!
Like👍, follow✒️, enjoy📺!
Comment
Just noticed the typo in description - the range was meant 18.0-11.5, not 18.8-11.5. The chart shows it right. Regarding the current price action, WAVES stuck between 1st resistance (now acts as support) and 2nd resistance, which hasn't been broken yet. Let's see if the price drops to range upper edge to test it as support, or if we go up without any deeper pullback.
Trade closed: target reached
Just for the record. Highest resistance hit. Let's see what's next.
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.