Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it...
at first don't forget money management because its a currency with low market cap and like toy of exchanger to make liquid trader.
there was no logical and fundamental reason to growth 400% so its just fraud(spoof)of exchanger (specially Binance ...)
according analysis there are lots of reasons to take sell position anyway i think we will see one of this pathway...
WAVES hit our Blue trendline at price after a "SELL" signal. A bearish candle has formed.
It has also rejected the Blue trendline on our VOLUME indicator. The fast moving line is above, but the slow moving line is below, signalling a failed breakout currently in volume.
ENTRY: 52.77
Our targets are from the mid 40's down to the mid 30's.
waves pump from 8$ ------> 24 $ without settled price level
there are so many reason to take sell position all of horizontal green lines will touch in future.
don't forget money management its little currency and exchanger can make liquid easily.
be profitable.
OKEX:WAVESUSDT rallied past few weeks after a long accumulation without any healthy correction on the HTF structure .
Looking back into the data it looks like reaching to new potential higher high and make a reversal. As for now indicators are giving mix signals and turning into bearish bias as the rally stalls above at the (EQ) Equal highs- 4h chart shows...
Based on price action and seeing three pushes which created a wedge and seeing the leg1, we could predict to see the leg2 and most probably longer than leg1 specially with the big shadows in the previous candles showing the losing momentum as well as seeing short scalpers entering. + (getting lower highs in RSI)
Not Financial Advise
