WAVESUSDT Volume Influx| Daily S/R| .618 Fibonacci| Price Action

Evening Traders,

Today’s analysis – WAVESUSDT- strong influx of volume with further upside probable,

Points to consider,
- Price Action Impulsive
- .618 Fibonacci S/R
- Daily S/R Resistance
- RSI Bullish Control Zone
- Stochastics Buy Cross
- Volume Influx

WAVESUSDT’s immediate price action is impulsive with a strong volume influx; a trend trade is probable if the Daily S/R is breached.

The .618 Fibonacci Zone is of demand, price has a probability of wicking here before a trend continuation.

The Current RSI and Stochastics are both trading in their bullish control zones, remaining in these regions is indicative of strength in the market.

Overall, in my opinion, WAVESUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore