"Waves" has been an intriguing case for the past 3 months. While the market was taking a plunge in a devastating manner, "Waves" was stuck in a range. Now the range is broken and about to be confirmed.
EMA50 and MA50 are perfectly lined up.
RSI has room to grow.
Bollinger Bands have started expanding and the median line is retested and now acting as strong support.
MACD is acting in a divergent manner, indicative of a highly probable increase.
The target is a daily and 2D resistance zone.
Volume has declined in a persistent manner over the past weeks, which indicates an explosive move is definitely on the horizon.
The current setup offers a decent R/R.
If the current candle closes in this fashion, I will open a juicy long.
EMA50 and MA50 are perfectly lined up.
RSI has room to grow.
Bollinger Bands have started expanding and the median line is retested and now acting as strong support.
MACD is acting in a divergent manner, indicative of a highly probable increase.
The target is a daily and 2D resistance zone.
Volume has declined in a persistent manner over the past weeks, which indicates an explosive move is definitely on the horizon.
The current setup offers a decent R/R.
If the current candle closes in this fashion, I will open a juicy long.
Comment:
30 was never this much possible!
Trade closed: target reached