Waves USD scenarios - bullish or bearish?This is not financial advice, only for educational purposes and to share my opinion about technical analysis data of the Waves cryptocurrency.
Please do not hesitate to comment and share your own ideas.|
Thank you
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WAVESUSD
WAVES WAVES/USD Daily - Long term LONGWAVES WAVES/USD Daily - Long term LONG
Increasing volume from December lows helped this price break 2 supports before finally bouncing off resistance at ~ $5
Curently Testing bottom of range 2.38
Will be watching for move up trend line as well as bitcoin macro conditions
RSI bullish
MACD indicates bounces off reistance at $5 and is now flat
VOL ATR - LONG
WAVES just getting started!!
Waves has continued its insane run since the end of last year closing up an insane move of +350%
We pulled back right into the demand zone, which aligned nicely with the 50%FIB level
We could still see another test into demand if BTC does drop lower, which could give traders an even better entry
We could possibly get a break of this level and fall down into the golden pocket where longs could be triggered
Possible targets to the upside are shown in the chart with the largest being the extension target around 0.0022
Thanks guys!
WAVES: Next Bullish Waves are Coming !! Buy Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
WAVES - Potential Cup & Handle Pattern but be cautious.WAVES/USD
After a nice 300% rally here is what I see per a live stream request.
We are looking at a potential "confirmed kill" if we are unable to close a daily candle above our recent support turned resistance line. If we fail here, then our next support is coming in around the 50% Fib Retracement level - the green line on the chart. Since the Point of Control is below that at the .618 Fib Level, more than likely we only get a temporary bounce off that level, a brief scalp trade, and continued movement to the downside to re-test the Point of Control.
WAVES might become a potential buy at that level, we will just have to wait and see.
The bullish potentiality on the table right now, is a completion of a Cup & Handle Pattern. WAVES has pulled back between the .382 & .236 Retracement levels, the classical entry for a C&H bullish play. Although the traditional risk management approach is to set your stop at the 50% Fib Level, I would be much more conservative and be out of the trade if the local low is taken out.
Upside targets are on the chart. :)
WAVESWAVES are still lower then it was earlier this week ago, but we can see a slow rise today, reaching above 3$ again.
For it to go up at 3.11, it can repeat it's move to 4$.
Waves Buy the rumours, sell the newsSell the news! Greetings from Benice team!
Waves keeps on growing gloriously! After it became known that ROSTEC project has to do with the Waves platform, and after a hackathon was launched in Moscow under the banner of Waves, we see what we see. The price headed towards 4.8 dollars. It's been known since the middle of November, so such excitement looks artificial.
The next tranche of additional funding of the project was announced for January and spring. Apparently, they will let us have a very good ride. If the resistances are broken out, a target at the top is 7.61. If we settle above it, then the historic highs will be tested.
Re-entry or targets of the decline are 3.36 and 3.0.
If the level of 4.74 (weekly highs) is broken out, it will be a signal to purchase with a target of the continuation pattern of 7.55.
Follow our updates of the idea!
WAVES: Pump Over or Continued Bullish Momentum incomingWAVES over the past several days have been pumping, with yesterday's momentum seeing close to 60% netted before a reversal. Does this look like a dump is incoming or continued bullish momentum following a cooling off period?
What do the charts show us?
Bullish
On the daily higher time frame, it appears that over the next several days the 15,55&90 MA will be crossing-over this can lead to the $3.39 resistance being re-tested.
Accumulation has fallen, however this can be a cooling off period.
Waves has been rejected from dumping at the 0.618 line, this can be seen as to fill the gaps at $2.025 before a further pump just as what occurred on the 3rd of December.
MACD illustrates continued momentum, with bearish volume not being enough to see a down-trend incoming.
Twice the 0.618 fibonacci at $1.88 has been re-tested, with each time failing to see a dump.
RSI Stochastic on the lower time frames appear that $2.38 will be retested today at the least.
Bearish
A third re-test of the 0.618 fibonacci before a fall below $1.88 would see it go to fill the gaps to the 0.382 to be filled. This is been based on positive momentum and heavy buy-side volume to be unlikely.
Nouvive Says: WAVES looks likely to re-test the resistance and local high of $2.386, based on higher time frames positive momentum, it appears that there is a chance that it will break the 200MA and go to the previous high of $3.39 before falling from there. A break below $1.70 would indicate that the pump is over.
WAVES/USD strongly Bullish (LONG)There is no reversal pattern, there is no rejection and next resistance level is a little far,
So far so good. Will it finish the move?A bounce at around 6000 might provide a good entry. High risk though.
Strong fall for Waves in the Bitcoin pair until February 2019After all this high of the Waves in the pair Bitcoin
We will witness a very strong fall as it was with Nano
This fall will last until February 2019 leading to a value of 0.0003
WAVES is upOver the past 24 hours, there has been a notable 20% increase in USD value, as well as increase in BTC value. Both of trends are obviously bullish.
This gives Waves a significant edge over the competition at this time, although other markets may show similar momentum moving forward.
Although the current movement is bullish, it can take time for the price surpass $2.
Waves- Short term long opportunityWe can see a nice long tail candle on Waves now. Combined with support, where usually huge bullish reactivation is.
As the market is still quite risky, there certainly is a probability of going down, so I am playing this really safe with tight SL and small position.
My swing trades loaded with Zil etc, so I don´t want to add to my swing trades now. This one is short term and quite nicely set:
- RSI in possible bullish divergence
- Stochastic oversold
- Huge support
- Nice PA
- Bullish div. on stoch. on shorter timeframes
1. TP on 1.82, second TP on 1.86. SL 1.734. Entry around 1.76.
So the RRR is 1:2 and 1:3.5, that´s reasonable.
Enjoy!
WAVES Short on 4-Week Rectangle Breakdown4-week rectangle. Horizontal boundary tested several times. Confirmed breakdown.
WAVES/USD 20x from here? Hello.
Clear and understandable picture, is it possible yes?
ITS NOT financial advice!
$WAVES Short-Term Profitable Setup!WAVES is quite good on fundamental, probably one of the best project out there, and you should consider to pay attention on this one. Lately Waves is quite stable and not making a lot of movements on price since july. Well 2-3 dollars are really bargain considering it's development and contributing towards cryptosphere. WAVES is one of the coin that provide a network to build a token, which I've ever tried it and it's quite cheaper and easier even for non-coder person.
After all, you should play mid-term if you want to play waves and not it dissapoint you in shorter term. Once you buy it, you should sell order around 4 dollars for first sell order and 8 dollars for finaly sell around. You should gain a 8x easy if it achieve.
Considering the volatility of Cryptosphere, trade safe!
Waves x2 Growth Potential - Short TermWaves steady decline could be over and the upside corrective wave is expected. Price found the bottom at $1.58 were it rejected the lower trendline of the descending channel. MACD has formed a strong bullish divergence, also suggesting on the upcoming correction up.
While the current support is holding, WAVES/USD should start correcting upwards and potentially could double in value from the current price. Now WAVES is trading at $2 and the resistance is seen at $4.38, that is 38.2% Fibonacci retracement level. The resistance is also confirmed by the lower trendline of the broken ascending channel and the 200 Moving Average area.
Therefore, as long as the support is not penetrated, 100% growth to be expected in a relatively short period of time. But break and close below the $1.58 level should invalidate bullish scenario and price is likely to decline towards the strong psychological support at $1.
WavesWaves is very close to its original trendline,
Making this a simple trade.
The opportunity here could be to buy as close as possible to the trend line.
A break of this trend would mean a stop-loss.
The chance of bouncing back up on the trend seems larger.
A lot depends on bitcoin, as bitcoin is now also very close to the bottom of the pennant.
If bitcoin would break the pennant to the downside, a continuation of the downtrend can be expected.