Long
WAVES
Waves has been on a 250% move these past 4-5 Weeks under the radar following a strong upward trendline.
Currently price is on a retracement after reaching previous daily & weekly ATH *closes*
The long term trendline is still intact and price is staying above a strong support zone forming a triangle pattern.
Theoretically, you wan to place longs everytime price comes close to, touches, or rejects from the trendline.
Until Price can break this long term trendline, then WAVES will be a BUY.
There is a clear invalidation zone below 38% & the trendline.
Currently price is on a retracement after reaching previous daily & weekly ATH *closes*
The long term trendline is still intact and price is staying above a strong support zone forming a triangle pattern.
Theoretically, you wan to place longs everytime price comes close to, touches, or rejects from the trendline.
Until Price can break this long term trendline, then WAVES will be a BUY.
There is a clear invalidation zone below 38% & the trendline.
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.