today we have one of the best risk to reward Investment opportunity
it is more than 2370 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Waves might be looking pretty close to an area of resistance here, but you got to bear in mind that's a gain of over 20% before we get there! After bouncing off support @ 106 at the bottom edge of the descending channel we've returned with enough strength to push through the top edge of the channel!
Can we push a bit further to the next layer of resistance?...
As such, the falling wedge can be explained as the “calm before the storm”. The consolidation phase is used by the buyers to regroup and attract new buying interest, which will be used to defeat the bears and push the price action further higher.
Hence, a falling wedge is an important technical formation that signals that the correction, or consolidation, has...
Hello, welcome to this WAVES/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
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CHART ANALYSIS :
Look bullish flag pattern in the 4Hour...
An idea for Waves which suggests a characteristic double bottom bull reversal on the bottom of the channel.
It has dumped quite a lot and I believe this is a phase of growth for the coin
I come to this conclusion due to the large period prior to this dump when the price was nearly always above channel
It will possibly revert to that prior state soon
Hodlers don't fret!
wave is in a strong bullish trend lately but now its in a supply zone (reversal zone)
also RSI shows a powerfull divergence
i think 10%-20% drop is about to happen soon
if you have more patience you can get more ! but dont forget to risk free your trade
be careful with financial markets
WAVESUSD can be seen to have formed two triangle formations, one distinct falling wedge , and ascending broadening. Depending on the way you look at it.
In the first ( falling wedge ) it can be seen that there is a common theme of a H&S pattern, but also, the 50MA acting as a resistance, causing further price breakdown
In the second (ascending broadening) the...
This is a time we need to focus on waves and every altcoin with a slightly fast dump in the market.
in 1 and 2 hours timeframe we see signs of power, followed by this dump.
keep watching the market and do one step of buying.
stay tuned for next analysis
if interested, check out our last TA on bitcoin too.
WAVESUSD is showing a descending triangle pattern in the hourly time-frame. Because it is still in a upper trend, the brekout is expected to be upwards.The bollinger bands are tight right now so that means there will be a bulky movement upwards or downwards. To open a position we have to wait for the break out and a possible re-test. This is not a financial...