Waves (WAVESUSD) has been trading within a long-term Fibonacci Channel. All major Fib retracement levels have played a key role to its trend, forming clear Support and Resistance levels.
This analysis is on the 1W time-frame, where last week, the price entered the Channel's long-term Buy Zone (green area), which has been holding since July 2016. Waves immediately...
Waves (WAVESUSD) has posted an incredible rally ever since the February Low and made yesterday a new All Time High. Needless to say that the $43.00 target we suggested in our most recent idea, was hit:
What we should focus on now is the 1D Golden Cross (when the 1D MA50 crosses above the 1D MA200), which was formed yesterday. This pattern is technically...
WAVES followed exactly our medium-term plan on the 1W time-frame as it followed the November - December 2018 fractal to our 1W MA50 target and the 0.5 Fibonacci retracement level, as we suggested on the following chart on February 01:
Right now, the long-term cyclical pattern as implied by the sine-waves is intact and in full motion. Watch closely though, as...
Waves has found support last week on the 1W MA200 (orange trend-line) and this is best illustrated on the 1W time-frame. This helps us get a much better understanding of its long-term Cycles using the Sine Waves tool.
As shown, WAVESUSD has so far had two Cycles that both started with an Accumulation Phase and got completed with a Parabolic Rally to a new All...
Waves has been trading inside a Triangle pattern since the May All Time High (ATH). Recently it broke below the 1D MA200 (orange trend-line). The RSI is close to its November 2019 bottom.
We saw the same pattern in late 2017 (June - November). At the time, once WAVESUSD broke below its 1D MA200, it made a bottom and then rallied for 1.5 months to its December...
