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WAVESUSDT trade ideas

WAVESUSDT ! Formation of pre-breakdown consolidation. Growing upWAVESUSDT is still falling. The price stops its fall at the support level of 5.45, after capturing liquidity, the price rises strongly and makes a false breakout of the resistance at 10.45. The important thing is that after a false breakout, the price does not fall down, but returns to a near resistance retest and forms a pre-breakdown consolidation. I assume the price growth, the subsequent exit from the range up and the price impulse. The short-term target is 14.31 and the medium-term target is the liquidity zone of 17.01 Sincerely, R. Linda!
WLong
by RLinda
15
WAVES to 13 or to 6 ?This might be my last update on WAVES - I saw something else on the chart, That we are running on SYMMETICAL TRIANGLE Skip the next paragraph if you know the symmetrical triangle : - 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. - 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. - Thumb up for more updates on WAVES
W
by TANcrypt0
2
Wyckoff on WAVES Hello Trades, Just noticed that we are following Wyckoff distribution schematic on WAVES - 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 - Take care, compare the picture to the chart. - Thumb up for more !
WShort
by TANcrypt0
4
Wave Count Of WavesHello friends. Here we can see that the Waves Ponzi token is forming an ending diagonal. We are planning to short waves at $12.30 with a good size because after reaching this target the price is expected to go to zero. The reason why the price needs to pop up here is for the big whales to get more shorts. They are very bearish on this platform, so they steal the shorts from people who used too much leverage and get liquidated as the prices move up. Thanks for playing.
WShort
by bowtrix