WAVES - Wait for a pullback
As with most cryptos, the WAVES token has had a great beginning of 2023, with a 95% gain.
We can see that an important resistance was tested (close to 2.60), but was quickly rejected.
Considering:
- Resistance mentioned above
- RSI in the Daily above 80
- A valid count for 5 impulsive waves
I would definitely wait for a correction to better understand the strength of this bull run.
A correction should at least test solid 2-2.10 support. Based on the identity of this correction, I´ll look for long trades.
We can see that an important resistance was tested (close to 2.60), but was quickly rejected.
Considering:
- Resistance mentioned above
- RSI in the Daily above 80
- A valid count for 5 impulsive waves
I would definitely wait for a correction to better understand the strength of this bull run.
A correction should at least test solid 2-2.10 support. Based on the identity of this correction, I´ll look for long trades.
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader