RLinda ! WAVES-> The price is in the realization phase. Growth? WAVESUSDT continues to fall for a long time. The price has minimized its volatility to its October 2020 range.
Globally, the price shows no attempt to grow or change its trend to an uptrend. The volatility decline and the sideways trend from May 2022 until today continues and the price continues to fall
On the 4h chart, we see the formation of a bullish pattern, "Downward Wedge", which resistance is a key point to open long positions (Breakdown pattern)
The price breaks the resistance and is currently forming a technical pullback to the support zone. It is acceptable to start looking for an entry point into a long position.
The short-term target is resistance at 3.964
Medium-term target - resistance 4.686
Next target - liquidity zone 5.288.
Regards to R. Linda!
