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Long
Updated

$85 Waves - Algo Trading eh?

313
snapshot

  • Currently, it's trading above the 21 Week EMA which has been a really good bull market indicator, and retested it as support.
  • Based off of RSI and the FIB channel, I see possible fractal rejection at $47.
  • If price is successful at flipping $32 as support we might see a new ATH at $85, Q1 next year.
  • Volume is a bit low - so Waves will need news/updates from the devs.
  • There's a bear div on Weekly RSI still has room to retest the upper trendline.
Trade closed: stop reached
Broken out of channel - invalidated.
mcdaverage
Chart PatternsHarmonic PatternsTrend AnalysisWAVESBTCWAVESUSDwavesusdt

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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.
Chart PatternsHarmonic PatternsTrend AnalysisWAVESBTCWAVESUSDwavesusdt
mcdaverage

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.