WAVES last bull run pending, with targets from 450-700%
Every price cycle consists of 5 waves, and for WAVES, last move up for wave 5 is missing.
Current downtrend can end at pivot point $7.55, if we lose this price point, next big support zone is around $5.40 - $4.80 range, where fib 0.886 also rests.
Entering the coin when it breaks the red trend channel would make your entry safer, confirming the current downtrend is finished.
Depending on how strong the market conditions will be when WAVES starts moving up, the price target can be $41.80, $50 and $60 respectively
After this uptrend, we'll only look for short positions for this coin as we'll assume the bull cycle for WAVES is over.
ExitTheMatrix
Current downtrend can end at pivot point $7.55, if we lose this price point, next big support zone is around $5.40 - $4.80 range, where fib 0.886 also rests.
Entering the coin when it breaks the red trend channel would make your entry safer, confirming the current downtrend is finished.
Depending on how strong the market conditions will be when WAVES starts moving up, the price target can be $41.80, $50 and $60 respectively
After this uptrend, we'll only look for short positions for this coin as we'll assume the bull cycle for WAVES is over.
ExitTheMatrix
Trade closed: target reached:
All TP reached. Amazing trade! Thank you for participating.