WAVES short
Updated
One of the biggest gainers in the past month. 320% in 25 days.
Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.
TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$
SL: 35$
It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.
Very good risk reward ration.
Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.
TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$
SL: 35$
It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.
Very good risk reward ration.
Comment
Watch the red resistance trendline. Looks like a flag.Weekly same price higher RSI hidden. Confirmation at the end of the week.
Mixed feelings.
Trade closed manually
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