✴️ Waves Major Bullish Potential Confirmed (1,345% Growth Pot.)
A four years long rising trendline is working as support for WAVESUSDT.
This trendline was last challenged in early June 2023 and Waves moved to produce higher highs and higher lows —this is a major bullish signal.
Another very strong development is the weekly move above EMA50, which is happening now.
This is the first time in almost 5 years that WAVESUSDT moves above EMA50 coming from a low point.
EMA50 is a very important indicator for Cryptocurrencies and it works great on the daily timeframe. Seeing that we are using the weekly timeframe here, this signal is super strong.
➖ Closing above EMA50 (when the week ends), signals that Waves is ready to grow for years; long-term growth.
➖ Long-term we have a very strong higher low and thus we can expect a very strong higher high in 2025. In simple terms, Waves is on a path to hit a new All-Time High.
Additional details on the chart.
Namaste.
This trendline was last challenged in early June 2023 and Waves moved to produce higher highs and higher lows —this is a major bullish signal.
Another very strong development is the weekly move above EMA50, which is happening now.
This is the first time in almost 5 years that WAVESUSDT moves above EMA50 coming from a low point.
EMA50 is a very important indicator for Cryptocurrencies and it works great on the daily timeframe. Seeing that we are using the weekly timeframe here, this signal is super strong.
➖ Closing above EMA50 (when the week ends), signals that Waves is ready to grow for years; long-term growth.
➖ Long-term we have a very strong higher low and thus we can expect a very strong higher high in 2025. In simple terms, Waves is on a path to hit a new All-Time High.
Additional details on the chart.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
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