Updated
WAVES/NEUTRAL (Possible) RISKY!
WAVES/USDT 2 Possible Scenarios
SELL SHORT
~ Waves formed a bearish divergenece and currently it is on the over bought area of RSI 80 @ 4hrs tf
~ The MACD is also not agree with a bearish bias
~ Will wait for the breakdown and entry on pullback once the breakdown was confirmed
BUY LONG
~ This coin may invalid the lower tf divergences because the daily chart shows that this can go higher in the 22 to 24 price resistance area and
can make parabolic move
~ Once the break out is confirmed in it's resistance currently at 19 price level this can go higher and once the breakout was confirmed will wait for the pullback and take profit on the major resistance at 22 price level
SELL SHORT
~ Waves formed a bearish divergenece and currently it is on the over bought area of RSI 80 @ 4hrs tf
~ The MACD is also not agree with a bearish bias
~ Will wait for the breakdown and entry on pullback once the breakdown was confirmed
BUY LONG
~ This coin may invalid the lower tf divergences because the daily chart shows that this can go higher in the 22 to 24 price resistance area and
can make parabolic move
~ Once the break out is confirmed in it's resistance currently at 19 price level this can go higher and once the breakout was confirmed will wait for the pullback and take profit on the major resistance at 22 price level
Trade active
Buy Long ActivatedCurrently we are in a 33% ROE in a 10x leverage
Note
1st Impulse TP at 20.39will wait for possible pullback at 19 before hitting its next resistance level @ 22 to 24 price
Note
Since the pullback is invalidated and market is in a downward trend we can short this coin to its next support in $14.36
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.
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.