WAVESUSD is seeking for opportunity Decentralized exchange, Conditional Trustless transactions, Replace traditional contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, token issuance.
Resistance area 8.88
Target : $9.767- $9.978
Stoploss : $7.106
WAVESUSD
WAVESUSDT - Final Sell Push ⬇️As I mentioned to my members, the main goal in this current crypto market is to sell the rallies rather than buying the dip.
Price swept the support liquidity leaving a large fair value gap that has now been filled.
The 50% of this breakout candle has held extremely well and lots of wick rejections were presented.
Could we now see some sells again? 💬
I will be observing the price on the lower timeframes to locate a potential sell because I think the completed compression below support was insufficient.
I will let you know when/if I enter.
Have a great trading week guys! 🔥
[UPDATED] Wyckoff on WAVESHello Trades,
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Just noticed that we are following Wyckoff distribution schematic on WAVES
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The distribution schematic has similar phases to the accumulation schematic, but with many of the same events along the way happening in the opposite direction.
Phase A - Arriving with the Markup Phase of the cycle is the Preliminary Supply (PSY), which demonstrates the first opportunity to sell for strong profit is nearing. The Buying Climax ( BC ) where the Composite Operator and bears first sell-off, creating a new resistance line. Price drops until a new Automatic Reaction (AR) occurs, bouncing the price up again to a Secondary Test (ST).
Phase B - Similar to Phase B of the Accumulation Schematic, in that, this is now where the Composite Operator will sell off its investments and realize profits from the previous schematic phases. Again, bear traps and bull traps may occur between the trading range. An Upthrust (UT) may also occur, briefly surpassing the BC , and setting a new resistance line.
Phase C - Just as with the Accumulation Schematic, this phase may or may not occur. An Upthrust After Distribution (UTAD) could find the market a new high. Whether or not this happens, Phase D eventually takes place.
Phase D - This is the last point for investors to sell at higher prices before the price begins to capitulate. Usually, a Last Point of Supply (LPSY) is found within the trading range, then a buy/sell reaction occurs, and another LPSY is located at or below the support line, triggering Phase E.
Phase E - The downward capitulation begins with a clear drop under the trading range as investors sell off, diminishing demands and tanking the price.
public.bnbstatic.com
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Take care, compare the picture to the chart.
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Thumb up for more !
WAVES short Entry Range, Take Profits and Stop LossWAVES/USDT short
Entry Range: $9.00 - 10.10
Take Profit 1: $8.10
Take Profit 2: $6.70
Take Profit 3: $4.60
Stop Loss: $11.81
WAVES to 13 or to 6 ?This might be my last update on WAVES
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I saw something else on the chart, That we are running on SYMMETICAL TRIANGLE
Skip the next paragraph if you know the symmetrical triangle :
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What is a Symmetrical Triangle Pattern?
The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern.
How does Symmetrical Triangle Pattern Work?
Phase 1: Existing Uptrend
When there is an extreme demand in prices there is an uptrend. It continued as the demand increases.
Phase 2: Pause
When demand is equal to supply the there is a pause in an uptrend and investors start to book profits here. As prices consolidate it forms converging trend lines . As there is equal demand and supply investors buy on the lower trend line and sell on the upper trend line . Which results in forming a Symmetrical Triangle Pattern .
Phase 3: Uptrend Continuation
After demand matching the supplies when there is when buyers are again interested to buy demand increases. Which results in breakout! And the continuation of the uptrend.
Role of Volume:
Volume plays a major role in a symmetrical triangle pattern . When in an uptrend the volume is quite higher. In the second phase, the volume starts to diminish due to equal demand and supply. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend.
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For me the chance of breaking of the symm. triangle is always 50% - 50%
but this time I am a little bearish and I will link you a related idea to watch.
I always trade it as it goes.
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Thumb up for more updates on WAVES
15% run upcoming again ?Hello Traders,
Yesterday Waves tried to hold when BTC was crashing all supports out their.
you can see the head and shoulder pattern on the chart with it's targeting lining exactly with the daily resistance
Wait for a breakout and then enjoy 15% upward now
Target 11.9 mainly
Maybe before a little maybe after ?
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Hope you enjoy this, leave a thumb up for more
Bull Falling Wedge ?I guess WAVES are now forming a Falling wedge pattern !
the failure rate for the falling wedge is considerably low. The failure rate for an upwards breakout is only 8% – 11%.
With our volume declining ( which indicate a big move towards up or down side soon )
it can be our last target before a correction ?
Targets :
1- Previous high (10.59)
2- 11.9
3-15.9 (I guess not this time)
Tell me down, Do you think it is a wedge too ?
-Thumb up if you agree
WAVESUSD ❕ fixation timeA pattern flag worked succesful.
WAVES grew more than other crypto.
The price is near the resistance level.
I expect that some hands may fix a profit, therefore i think that the price will fall after fixing under the resistance level.
WAVESUSDT - TURBO UPDATE!Price has printed an ATH on April 22 for 64$ with the strong parabolic move. The drop was more serious than the upside surge as the price lost around 90%. This creates panic amongst traders as they expect more from WAVES.
This downtrend stayed approx 60 days and the price printed a LL of almost 4$. But from the previous 2 days, the Bulls stretched their muscles once again by putting so much Volume.
Price has already tried to bypass the strong resistance area but finds it difficult. So keep following the price action as we expect a strong upside in upcoming sessions. Good Luck! Trade Accordingly.
WAVESUSD entered the multi-year Buy Zone but can go even lower.Waves (WAVESUSD) has been trading within a long-term Fibonacci Channel. All major Fib retracement levels have played a key role to its trend, forming clear Support and Resistance levels.
This analysis is on the 1W time-frame, where last week, the price entered the Channel's long-term Buy Zone (green area), which has been holding since July 2016. Waves immediately rebounded this week, which is technically justified as this has happened another three times (June 25 2018, November 26 2018 and October 05 2020 1W candles).
However, the late July/ early August 2019 Buy Zone test failed and the price slowly but steadily declined another -60% to reach the Higher Lows (bottom) trend-line of the Fibonacci Channel. As a result, if we don't close back to last week's level, this rebound can be sustainable on the medium-term but only a 1W candle close above the 1W MA100 (green trend-line) seems able to technically reverse the trend to long-term bullish again.
P.S. Notice the near perfect symmetry between Cycles as portrayed by the 1W RSI.
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WAVESVery simple ... Very clear
This is my personal opinion. Please do not trade based on my analysis and data.
TS ❕ WAVESUSD: support level againWAVES has reached the support level again. The price has rebounded and is now expected to move up.
Purchase scenario: long to 14.11.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.
WAVESUSD ❕ stronger than other cryptocurrenciesAfter the trend change, the price fell into a downtrend channel.
Waves didn't show a fall similar to the other market.
Trading volumes have decreased.
Attempts to break out of the channel happen on candlesticks with long shadows and high volumes, the market clearly doesn't want to let us out of the channel.
The volatility has slowed down, so I expect the price will test the support level, and after fixing above it will reach the resistance level, which is at the large liquidity volumes.
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!
#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
Waves - bulls risingWaves price prediction
The four-hour chart shows that the Waves price found a strong bottom at $11.89 last week.
It has bounced back and moved above the 25-period and 50-period moving averages.
WavesUsd Bullish channelWaves reached the targetline and is time to go long.
Same structure you can find in my related links (BTC).