BINANCE:WAVESUSDT.P   Waves / TetherUS PERPETUAL CONTRACT


Price is moving nicely in an uptrend respecting the support line. It reached the 8h supply zone and got rejected more than once meaning that this is now a weak level and price should not struggle to break through at the next touch. However price also tested the support line multiple times and could also break through and go down until $28.445 before moving possibly lower. MACD is showing mixed feeling but price is moving accordingly with RSI plus RSI is bought (over 50%) and price is still moving above EMA ribbon. Let's see where price decides to break through first.


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