Wassup guys! Waves broke the dam in form of this triangle📐 and I think there is chance for "splash" to 3.07 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
ENTRY :...
Hey Guys this is 4th Public Publish and first analysis on Waves usdt.
Reasons To Short...
1. A clear RSI Divergence on 1 Day chart.
2. BTC is also go under correction.
3. Failed Breakout of Rectangle Pattern on 1 Hour chart. Now it's break the support level. That's our entry point.
Let's talk about stoploss, entry and target.
Wait for rectangle breakout at 1...
WAVES is currently @ yellow uptrendline support. On the weekly chart👇 TD Sequential printed red "9" few bars ago which indicates reversal to the upside.
Price seems to be ready to break up this violet downward channel and if successful I think there is chance for run to the yellow downtrendline, so chart would form sort of huge triangle then. Resistances (white)...
