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Waves

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NASDAQ:TSLA
by LeoinP
2
WAVESUSDT.1DBased on the given data, WAVES is currently trading at $2.997 against the USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 69.43, 73.55, and 69.81 respectively. These values indicate that the currency is nearing an overbought condition and may experience a pullback. The MACD (Moving Average Convergence Divergence) for 4 hours, 1 day, and 7 days are positive, which is a bullish signal. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are also above the current price, suggesting there is room for upward movement. There are strong supports at $2.786, $2.627, and $2.412 for the 4 hours timeframe, $2.491, $2.045, and $1.808 for the 1-day timeframe, and $1.928, $1.453, and $1.228 for the 7 days timeframe. This indicates that there are multiple levels where the price can potentially bounce back if it falls. On the other hand, key resistance levels are at $3.468, $3.942, and $5.372 for the 4 hours timeframe, $3.341, $3.963, and $4.802 for the 1-day timeframe, and $3.450, $5.379, and $7.283 for the 7 days timeframe. These are the levels the price needs to break through for an upward trend to continue. In conclusion, the currency is showing signs of bullish momentum as indicated by the positive MACD and RSI nearing overbought conditions. However, traders should be cautious as a pullback may occur due to the high RSI. The support and resistance levels provide potential entry and exit points for trading. Please note that this analysis is based on the given data and may not be 100% accurate. Always do your own research and consider other factors before making investment decisions.
W
by MarsSignals
1
LINKUSDT - Elliott Wave Analysis - BullishBINANCE:LINKUSDT LINKUSDT - Elliott Wave Analysis - Bullish Article: The price chart analysis of ChainLink (LINK) using the Elliott Wave Theory, with lines drawn by this indicator, highlights it as one of the cryptocurrencies to watch. The long-term (1-week) price chart of ChainLink (LINK) has shown a bullish movement since 2020, breaking through several key resistance levels and continuing to climb steadily. The structure created by the indicator's automatic line drawing clearly shows that we are potentially in wave 3 of a bullish trend while concurrently in wave C of a bearish correction. Therefore, we expect prices to reach levels at $86, $105, and $137 respectively. However, other factors should be considered when forecasting future price directions such as fundamental asset factors, technical factors, and economic conditions. The fundamentals for LINK are strong due to its popularity as a DeFi project with increasing real-world usage. Technical indicators support an upward trend. Factors supporting the upward trend for ChainLink include: Growth in real-world usage of ChainLink. Partnerships with new allies. Launching new products and services. Risks against the upward trend for ChainLink include: Global economic recession. Volatility in cryptocurrency markets. Competition from emerging technologies. Conclusion In summary, the long-term (1-week) ChainLink price chart indicates a robust upward trend, with expectations of breaking through key resistance levels, specifically at $53. Currently, the price is in an accumulation phase, poised for a soon-to-come upward adjustment. Additionally, it is noteworthy that the price has been consistently adjusting upward on a weekly basis.
Long
by hapharmonic
13
WAVES ANALYSIS (1D)On the chart, the candles have CH and bullish mCHs. Also, a pool of liquidity is formed under the candles, and to break it, the candles must meet a significant resistance. I have specified the resistance on the chart, also below the resistance we have another liquidity pool. It is expected that by maintaining the green range, the price will move towards the indicated resistance Closing two 4-hour candles below the green range will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
W
by behdark
2
WAVES/USDT Facing in the key resistance. Breakout or rejected ??💎 WAVES has been a significant point of interest in the market, especially as it approaches a key resistance area. Historically, this level has been a major hurdle for WAVES, often leading to hard rejections upon each encounter. A successful breach of this resistance area could probability lead to a considerable upward trend, with the next target being the Strong Resistance area. 💎 However, if WAVES is unable to surpass this resistance and instead remains in a phase of consolidation at this level for a few days, it may face another setback. This could result in WAVES reversing its course, moving back towards the support area. 💎 The demand zone is crucial as it represents the last line of defense for WAVES' bullish momentum. If WAVES fails to rebound upon reaching this zone and cannot sustain above it, it risks a downward move. A failure to maintain above this key support level could lead to a descent towards the demand area, indicating a bearish turn for WAVES.
W
by MyCryptoParadise