From our last analysis on WAVES, we're 150% up on the longs we took using x10 leverage.
Now price has broken above a key level inside this ascending channel, so we need to watch carefully for a bounce above the level.
If the area holds, then expect the highs of the ascending channel to be met.
It is without question that this is an ascending channel.
We have seen price move along this channel for quite some time.
Price has successfully traded to the bottom of the ascending channel.
Would we go back to the top? The current candlesticks are indicating bullish sentiments and could set off for the highs soon.
I'm a true WAVES bull. I think the stock has performed incredibly well this year and it has held up relatively strongly during the correction. What we see here is a proper cup and handle setup, with line b' as the target price. We did have a breakout in April, but we are now forming a new congestion zone just below resistance at line c'. Every time weakness...
WAVESBTC is testing the 0.786 and the support of the triangle below the weekly resistance. IF the price will have a breakout and retest the weekly resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Price action backed by good fundamentals and recent developments; ie,waves DEX and USDN as native stable coin in waves blockchain getting more popular in DeFi pools. also not to ignore total value in DeFi assets locked in Waves almost $2bln which is impressive.
Technically though we could see a small drop as shown on the chart in order to end the wave 2 of 3rd/C...
$WAVES
Printed a new 1D UCTS Buy signal & looking strong toward '20 highs (~50k sats) w/ HHs on volume
Already showing a 20% daily candle, looking for it to hodl above ~36k sats (flip as entry) as signal of continuation
Bot took the entry, willing to let it run as well
#WAVES
