Waves Price Analysis WAVES / USD: Oscillating At The BottomWaves / USD Short-term price analysis
Waves has a bearish short-term trading outlook, with the cryptocurrency trapped around its current 2019 trading low.
The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated, with sellers holding price close to the downside breakout point.
Technical indicators across the four-hour time frame have turned bullish and are starting to issue a buy signal.
Pattern Watch
Traders should note that the invalidation target of the inverted head and shoulders pattern could lead to substantial losses for the Waves/USD pair.
Relative Strength Index
The RSI indicator on the four-hour time frame has turned bullish and shows room for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame has turned bullish, with the MACD signal line and histogram both issuing buy signals.
Waves / USD Medium-term price analysis
Waves has a bearish medium-term outlook, with sellers moving the WAVES / USD pair under its trend defining 200-day moving average.
The daily time frame is showing that the WAVES / USD pair is trapped within a falling wedge pattern and is now starting to move away from the top of the bullish pattern.
Technical indicators on the daily time frame are bearish and continue to issue a sell signal.
WAVES / USD Daily Chart by TradingView
Pattern Watch
Traders should watch for a potential move towards the bottom of the falling wedge pattern, following repeated technical failures at trendline resistance.
Relative Strength Index
The RSI indicator on the daily time frame is attempting to correct higher, although it remains technically bearish.
MACD Indicator
The MACD indicator on the daily time frame is bearish and continues to issue a sell signal.
Conclusion
Waves has staged a muted short-term recovery after previously coming under heavy technical selling pressure below its 200-period moving average.
Medium-term bulls have repeatedly failed to move price above the large bullish pattern on the daily time frame, leaving the WAVES / USD pair exposed to further technical selling.
WAVESUSD trade ideas
WAVES/USD WLooking at usd pair show that we might be at the bottom of the btc pair also. We got some sort of event playing out every 200ish day. And we are almost there. Note in the yellow circles and the new support line we do start curving up on the log scale. The arrow shows 1, 2, 3 break and close over EMA10.
If weekly candle closes under support line it will drop
So far so good.
this is no trade advice
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WAVES/USDLooking good for a breakout for WAVES Ascending triangle id say by mid may could see a retrace to .382 FIB aprox 7.50-7.60 cent
Waves in bull modePrevious resistance on the 20 week / 150 day moving average has now become support after the first life cross on this 3-day chart. A strong signal in its own right and now Stochastic RSI is seen sharply moving to upside with higher lows produced on the RSI .
Possible long now!*****I'll update a thread in comments if bitcoin creates further pullback**** but here's my targets breaking out this range. Add another 100% for T2. Safest way to play this is a limit buy order above break out and put stop under white box (confirmation play) or place stop under first red box.
WAVES/USD... WHICH WAY?Waves has one of the most potential bullish charts in the crypto sphere. Sharing my two cents on WAVES/USD. If this zone holds, there where be lots of greens for waves. Or else, bears will again take over waves and take it DOWN.
WAVES/USDHi, today we are going to talk about WAVES!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: D1). Details are highlighted above.
Thanks for reading, and have good trades.
WAVES/BTC - 4 Hour - Potential 500%if you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
#waves $waves/usd #waves - daily#waves $waves/usd #waves - daily
Range 5.15 - 2.41
support test at 2.41
low volume
possible bull flag pattern
btc macro trend uncertain
VOL ATR - LONG
long term long
next resistance up ~ 5.15
support at 1.43 and .92
If my ideas are helping, please consider using my Binance referral link to trade $WAVES
thank you, and trade responsibly - this is my idea not financial advice
Binance ref link: www.binance.com
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
www.kryptojohn.com
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
Time is also a factor of price actionThe red line on the chart is probable 50% retracement from the beginning of wave 1 of that yellow line
if the bulls do not show-up the bears will drive the price down and eventually the red line that is temporally acting as a support will break-down
Waves (WAVES) Is up over 165% since NovemberThe altcoin has benefited from a series of bullish announcements over the last month and a half.
1D waves/usd using elliot theoryas u can see,this is might be the complete elliot cycle in 1D timeframe waves/usd in my opinion.
do your own research.
