WAVES TRADE SETUP. 30% RALLY EXPECTED.Welcome folks to my trade setup on WAVES/USDT.
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WAVES has been doing absolutely great and if you see the current chart then it already broke out, retested, and now getting ready to bounce back. I am expecting a 30% rally here.
Entry will be between %26.2 to $27.5
Stop loss: $23.12
Targets:
$28.6
$30.4
$32.1
$34.3
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
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Thank you.
Wavesud
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.
WAVESUSDT formed bullish Crab | Upto 41% movePriceline of Waves / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.6396 to 0.5740
Sell between: 0.6905 to 0.8128
Regards,
Atif Akbar (moon333)
WAVES - WE ARE WITHIN NEUTRAL ZONE - CryptoManiac101WAVES / USD TA
We are currently in neutral zone. If we will be able to breakout of it we would be looking at over 20% in profit short term. If we see downward pressure we will most likely be moving towards double bottom at $1
This should not be over 5% of your portfolio.
