#WAVES/BTC 1W (Binance) Big falling wedge breakoutWaves Protocol just printed a morning star on weekly, downtrend seems over and priority is upwards now, targeting 50MA resistance.
PSX:WAVES #WAVESBTC #WavesProtocol #DApp
⚡️⚡️ #WAVES/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 3.1%
Current Price:
0.0000721
Entry Targets:
1) 0.0000631
Take-Profit Targets:
1) 0.0001234
Stop Targets:
1) 0.0000430
Published By: @Zblaba
Risk/Reward= 1:3
Expected Profit= +95.6%
Possible Loss= -31.9%
Estimated Gaintime= 4-6 months
waves.tech
Wavesprotocol
💡Don't miss the great buy opportunity in WAVESUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.810).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. WAVESUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65
Take Profits:
TP1= @ 5.265
TP2= @ 5.527
TP3= @ 5.994
TP4= @ 6.419
TP5= @ 7.196
SL= Break below S2
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💡Don't miss the great buy opportunity in WAVESUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.810).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. WAVESUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63
Take Profits:
TP1= @ 5.265
TP2= @ 5.527
TP3= @ 5.994
TP4= @ 6.419
TP5= @ 7.196
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Cryptocurrency WAVES - trading planIf you look at all the cryptocurrencies on tradingview, only 4 are worthy of the current fall of Bitcoin. One of them is the cryptocurrency WAVES. And today we will share with you our trading plan for this cryptocurrency.
Important information! now you can choose the cryptocurrencies for which we will make predictions. Read how to take part in the free voting under this idea.
The cryptocurrency WAVES was actively falling throughout April. At a time when other cryptocurrencies were trying to grow, WAVES sellers were confidently looking for the bottom. And theoretically found. Since the beginning of May, we have seen that with the fall in the price of Bitcoin, the price of WAVES is either in place or even rising. The whole thing is in the range of $12 . This range proved its strength in May 2021. In January 2022, sellers managed to make a false break of this range. However, sellers failed to continue the decline.
WAVES cryptocurrency trading plan.
The presence of buyers, which they have proved with large volumes of bidding, allows us to plan trading situations in cryptocurrency WAVES. Large trading volumes and relatively small candles on the 3-day timeframe may be the result of fixing the profits of sellers who have been gaining their short positions since April 1. The main question is whether sellers will have the strength to break the liquid level of $ 12 without a deep correction?
In our opinion, this is unlikely. In case the price returns to the range of $12, we are ready to gain a position in this cryptocurrency up to $10. If the sellers manage to lower the price of WAVES below $10, we will look for a way out of a break-even position or a small profit.
If the WAVES price continues to rise from the current price, we will expect a stop at around $21.5. If after a rebound of $ 21.5 buyers again show strength around $ 12 it will be another great chance to buy WAVES with low risks. A stop order in this case should be placed below $10.
An alternative scenario will take effect if buyers do not keep the $10 mark. In this case, the price of WAVES will fall to $5.
$WAVES/USDT 1h (#BinanceFutures) Falling wedge breakoutWaves Protocol is downtrending for a while but seems to finally be showing some reversal signs!
Current Price= 15.824
Buy Entry = 15.876 - 15.353
Take Profit= 17.166 | 18.318 | 19.537
Stop Loss= 14.259
Risk/Reward= 1:1.15 | 1:2 | 1:2.9
Expected Profit= +19.88% | +34.64% | +50.24%
Possible Loss= -17.36%
Fib. Retracement= 0.382 | 0.441 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 1 week
Tags: #WAVES #WAVESUSDT #WavesTech #Web3 #LPoS #Staking #SC #DEx #WavesExchange #WX
Websites: waves.tech wavesassociation.org waves.exchange
Contract:
#Mainnet
WAVES on its way to $50??Update on WAVES:
1) I mentioned previously that we could see a breakout above the red box. I have now tuned the box green because it has flipped from support to resistance. Keep in mind we still saw quite a bit of resistance in this region but it was enough for the bulls to break through it. Since this gave us a decent amount of resistance I expect it to provide decent amount of support in a potential move back down.
2) I mentioned that we could see a breakout and re test of the now green box before seeing more upside potential. I was originally skeptical of this because of how quickly we have rallied, and I still am.
3) The Ichimoku on the 4 hourly has started to gain quite a bit of bullish strength with this consolidation we have had. This is a great sign for further upwards movement.
4) We have a cup and handle formation on the 4 hourly, also a good sign as it seems we have broken out of the pattern recently.
5) If we manage to break the previous high set in October, WAVES could easily push $50.
6) I still expect a re-test of this green box before further moves to the upside. This is something I will keep my eye on.
7) We are currently testing previous highs set in October. A re test of the green box and a bullish consolidation (like we have seen with the 4 hour cup and handle) around the high set in October could send us to new all time highs. Again this is risky IMO as we have rallied so much in such a short amount of time.
8) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
WAVES, what is next?Here is what I see with waves:
1) We've been in descending channel for quite some time now, recently retesting the lower boundary and now the upper.
2) The red box I drew out a few days ago, and we see that waves is experiencing enough resistance to stop it dead in its tracks for almost a week now. This red box represents a key a zone of resistance (from previous price action) as well as the area between the golden pocket and the .236 level.
3) We have rallied 300% very quickly here in the past few weeks on waves. I believe it is time for a cooldown.
4) Scenario 2 is much more likely to play out that scenario 1 in my opinion, but scenario 1 is still on the table.
5) Scenario two will likely bring us back to the green zone of support below us, before moving back upwards. If we fail the green box, waves could potentially reset its entire price action for the past month or so by making its way to the lowest green box.
6) The RSI has been hanging out in the overbought territory for too long on the daily. We need a pullback if we want to sustain further upward price action IMO.
Overall I am short term bearish. Depending on how BTC reacts within the next few months could be a determining factor on waves in the medium/long term.
Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
