WAVESUSD Weekly InterpretationAn idea for Waves which suggests a characteristic double bottom bull reversal on the bottom of the channel.
It has dumped quite a lot and I believe this is a phase of growth for the coin
I come to this conclusion due to the large period prior to this dump when the price was nearly always above channel
It will possibly revert to that prior state soon
Hodlers don't fret!
Wavesanalysis
#WAVES/USDT 5 HOUR UPDATE BY CRYPTOSANDERS Hello, welcome to this WAVES/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Forming Falling Wedge in the 5Hour timeframe.
In Case of retest, Expect a +90-100% Bullish Wave.
Entry :-$11.80,$12.50 (SPOT CALL)
Target:-100%
Stoploss:-$$11.15
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you
McDonalds - Dividend Aristocrat to Correct by 30%?Are we about to observe similar drop for the global giant McDonalds that we saw in 2020?
These are few points that may trigger it:
Fundamental indicators:
Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company, like any other in S&P500
Eastern Europe conflict - suspension of business in Russia will certainly have an impact on earnings
P/E - is quite high at 25x and possible correction may let some steam out of the overpriced stock
Liabilities - rising against assets and equity which may be at uncomfortable levels for investors
Technically:
Since the significant drop we saw in 2020 there was a hype in the market linked to Fed 'money printing', however the bull run is difficult associate with an impulse. Hence this is a complex running correction forming with double zig-zags. And one of the distinctive points of this correction is that waves W and Y are very symmetrical and of the similar amplitude
The potential correction may be very rapid after the earnings report and reach levels of $190 to $170.
Alternative scenario - if the report comes out positive then wave X may continue extending and to update current highs before repeating this significant correction
What are your thoughts about this scenario?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Starbucks - Time for Defensive Stocks?Is it time to switch to defensive stocks like Starbucks when recession is looming and there is a sell off on the market?
Fundamental analysis - all the financial indicators are pretty consistent and positive, apart from one that may deter the investors - rise of liabilities against the assets and equities which is exceeding the norms.
Technical analysis - looking at the monthly timeframe it is clearly visible the development of fourth running correction which can be followed by the final fifth wave with a potential target of £120 to $150.
Risks - it is critical to wait for earnings report in May which will confirm the positive sentiment and hence the proposed scenario, or an alternative analysis would need to be made.
Therefore, Starbucks is still quite stable in its earnings and dividends, and the next quarterly report will be crucial for another short to mid term bull run.
Are you looking to buy these shares or have you got another view on the possible development?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
NB - comparing the type of Running Correction that has been experienced in Starbucks it may be possible to see similar one in McDonalds which is only starting to develop
waves bullish potentialafter 70% correction from ath waves can start new move up
every thing clear on chart
comment your idea
WAVES 50MA Attempt? WAVESUSD is approaching the 50MA on the USD pair, this will likely be a place of support as it coincides perfectly with the middle Gaussian Channel Band
The BTC pair also seems to want to recover at the middle band, likely because it has been previously a place of support
WAVESUSD Has Found SupportWAVESUSD has returned to a major trendline that can be drawn
Green rectangles show previous pumps along the trend line which can be translated to this pump we have seen
This is the weekly chart
WAVESUSDT - SETUPWAVESUSDT price parabolic move towards both side produced so much noise in the market. Now desperately want a clear move majority towards upside, But what the sentiments says? Yes there is a significant dropped and price reached at a very critical level of confluences a major support zone and 0.618% of fib level. A day closing above this level will definitely produced a hope, Let's wait for Price action!
WAVES/USDT -------> overview of what happenedaccording pic we had 3 group of buyer and seller.
first group were exchanges( you read thief =why? because its one of their way on little market cap currency) they bought almost all of currency on 7-8 $ .
second group were professional trader , they saw what happened and they see the trend were change.
third group were novice trader that were ....
waves had unhealthy movement that exchange made it for 2resons
1- when they buy all of currency on 8 $ , if they sold 1/5 on 40 $ they can take main their money.
2- who take profit with liquidation ? just exchanges and 2 times waves was 3th rank of liquidation!!
i will add too :
when you want to take position ask for yourself 1- how much is the worth of this currency? 2-where we stay? 3-whats market cap and volume of currency?
** the only weapon for traders is MONEY MANAGEMENT **
be profitable.
WAVES formed bullish Shark for upto 103% big pumpHi friends, hope you are well and welcome to the new trade setup of Waves coin with Bitcoin pair.
On a 4-hr time frame chart, WAVES has formed bullish Shark .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
WAVES MoonshotUnderstanding the WAVES moonshot
Possible points that could be comparable in red
I am more inclined to think the early 2017 and early 2022 points are correlated due to date, but there is the other option of the earlier formation, again in red
The top point will be different based on this previous statement
Price is up heaps gratz to all the hodlers!
WAVES/USDT: NOT GIVING UP.Welcome folks to my new update on WAVES/USDT.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
On 22 Feb 2022, when WAVES started its rally, ever since then it never stopped. It gradually pumped making healthy support and resistance. If we talking about the gain percentage then WAVES is already 230% up which is massive.
Now, in the current scenario, WAVES broke out of the upper trendline which rarely happens in a rising wedge pattern. Here's my analysis of this current scenario.
Scenario 1: WAVES may possibly retest up to the upper trendline and then bounce back towards the higher resistance level which is at $34.83.
Scenario 2: WAVES could drop back in between the upper and lower trendline and then bounce back.
So, this could be a win-win situation for us if we can make a perfect entry.
$25.7 could be a good entry if WAVES retests and bounce back.
Or
$21.5 could be another entry if it drops below the upper trendline.
That's my strategy for WAVES. What's yours?
Let me know in the comments.
Do like, and follow for more updates.
Thank you.
WAVES SHORTDue to the decrease in the volume of purchases, we will probably see a drop in prices up to $ 11
Waves Coin Analysis 14/03/2021Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.
Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.
The platform has undergone various changes and added new spin-off features to build on its original design.
Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.
As one of the first offerings in its field, Waves set out to improve on the early blockchain platforms and products.
From the outset, it aimed to appeal to prospective business clients looking to use blockchain to improve processes or create new services.
Waves supported smart contract and DApp development, ensuring that speeds and ease-of-use surpassed competition at the time.
Since then, other products have appeared, including Gravity, a cross-chain and oracle network, and decentralized finance (DeFi) focused platform Neutrino. Waves DEX is a decentralized cryptocurrency exchange.
In 2020, Waves announced that its platform would be interoperable with the Ethereum network by releasing the WAVES token as an ERC-20 standard asset.
Technical Analysis:
the price started to Show reactions on the PitchFan earlier so we draw it again and we have specified 3 Targets based on Fibonacci Projection where we get out 3Targets Confirmation as soon as the price triggers our 2 Target followed by some price Correction or retracement.
Power of the 50MA - WAVESUSDWAVESUSD can be seen to have formed two triangle formations, one distinct falling wedge , and ascending broadening. Depending on the way you look at it.
In the first ( falling wedge ) it can be seen that there is a common theme of a H&S pattern, but also, the 50MA acting as a resistance, causing further price breakdown
In the second (ascending broadening) the common theme is present, yet the 50MA is acting as a support. This leads me to believe that price will be supported by this MA level, regardless of the H&S pattern.
Price will increase, possibly breaking the channel.
Waves Chart SIGNAL by Sajjat Hossen #Waves 1D Chart SIGNAL by Sajjat Hossen
ENTRY 1 👉 $19.1 - $20.3
ENTRY 2 👉 $16.7 - $18.4
Sell-Target 👉 I Will Update Later...✅
❌ STOP-LOSS 👉 If Day Candle Close Below The Trend Line.
Another 1D Chart Analysis...
WAVES/USDT - Potential 106% SetupHello Traders!
WAVES moved up from the $11.65 - $18.00 accumulation range
At the moment we see a deep correction of growth and a retest of the upper bound of the consolidation range, the level of $18.00
We can look for purchases in the range of $16.40 - $20.00
It is safe to place the stop loss near the price level of $14.25
The profit taking targets will be the following price levels
$27,54
$32,00
$37,50
$40,80
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
WAVES AnalysisThe USD pair shows two different possible outcomes
A break of the large trend line due to a double top (Bear)
Or a bullflag that pushes price higher
To discern the difference we look at the BTC chart and see that it is in favor of the bulls, hence we can draw the conclusion that the bullflag must be dominant, and the USD chart is in the bulls favor.
GET WAVESWaves is a community‑based stack of decentralized open‑source technologies to build scalable, user‑friendly apps
It's now on a good weekly support level to trade. Find TP's in T.A.
$waves
Trade safe...
#e2kclicks
Sailing on the WAVES - where will our ship go?If you want to surf instead of sailing, go ahead ...
But first, take a moment and check out my thoughts about the current movements in this ocean.
Waves network is cheap and fast. There is or will be a high demand for Waves tokens because of its Exchange launch. Also, some protocols on Waves ecosystem have their airdrops announced: such as Vires, which offers high yields up to 100% even on stablecoins. Check yourselves, it's not an advice ;)
Last day closed with the green doji candle with a long wick upside. There were wicks like this before - there is some resistance around 35$ as we can see.
We are in the point where 3 supports meet:
- FIBO 61
- demand zone (green square with a green line inside of it)
- 1st trendline
Price action respects this area - a "doji* candle started forming there - it means indecision or a possible reversal
We also broke out a local correction (red falling line) which we can see better on the lower timeframe (15min)
During the time of writing this I missed a fakeout, there was a pump which appeared to be a bulltrap
Let's see what happens next ...
WAVES - 12h. A range of $11.8-12.5 is good for a trade by 80% A powerful wave of growth in the WAVES market in May 2021 provoked the beginning of a correction and not the best times for the project. Having raised the price by 230% in 2 weeks, buyers hit the mark of $41.86. However, in the same short period of time, the price of WAVESUSDT fell to a liquid range of $11.6-12.5
Since February 2021, the range of $11.6-12.5 has played a key role in the WAVES market. It was after the price fixing above this range in April that buyers were able to build a bright and final growth impulse. Now, it is this range that restrains the aggression of sellers for 2 months. Therefore, the chances for the formation of a new wave of growth in the near future remain.
If we consider the situation on a smaller timeframe , we see a clear consolidation range, which is built on the lows and highs of the daily candle from May 23:
We have already mentioned the lower limit of this consolidation above. Upper liquidity zone - $17.8-18.8. Buyers have already failed to go beyond this range 3 times.
Now the chart shows that a new local attack of buyers is on the verge of collapse. Having touched the range of $17.8-18.6 on June 30, buyers intensified sales in the WAVES market. This is also noticeable in terms of trading volumes. Although the local trendline is still under the control of buyers , the main interest in the WAVES coin is in the range of $11.6-12.5. Therefore, it is this range that we recommend for buying.
Taking into account the fact that the price of WAVESUSD stopped above the range of $11.6-12.5, we regard this consolidation as an accumulation of positions for a new wave of growth. In this case, the first target of the new growth wave is in the range of $23.2-24.5. In this range, it will become clear or wait for the WAVES market for another wave of decline, all the worst is over.
The WAVESBTC chart also adds something positive:
The growth trend that we see on the chart since 2019 has recently started to accelerate. The fall in May 2021 looks like a correction so far. The price is consolidating above the range of 0.0003374-0.0003785. Therefore, there is still a chance of continuation of this trend, as long as the price is above this range.
However, for a positive scenario, a positive dynamics of the BTC price movement is required. For what we think about the bitcoin market, see the previous idea:
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