ANALYSIS 🔎
- WAVESUSDT is on verge of its fifth impulsive Elliott wave
- Price retested the 0.618 fibonacci retracement and flip horizontal support.
- Price action is printing a pennant chart pattern.
- This is a trend continuation pattern.
- There's breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
- WAVESUSDT is on verge of its fifth impulsive Elliott wave
- Price retested the 0.618 fibonacci retracement and flip horizontal support.
- Price action is printing a pennant chart pattern.
- This is a trend continuation pattern.
- There's breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
