Been keeping my eye on this one for a long time, waiting for an entry point.
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Looking for an entry point around 2340 sat. Have a stop loss ready to go in case we lose this line of support. Will monitor close to see if daily candles start closing green.
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Key line of support: 2340 sat
Previous Pumps
Aug 3: went up 83%
Nov 19: went up 417%
We are...
On the 29 of May, WAVESBTC hit its lowest level since January 2021.
This low was set at 0.00014344.
Right after this low we have the highest trading volume for WAVESBTC since August 2020.
Back in August 2020 the Altcoins market was also coming out of a low.
A bullish wave followed.
Here is the weekly chart:
We have higher highs and higher lows, long-term.
Namaste.
WAVESUSD is approaching the 50MA on the USD pair, this will likely be a place of support as it coincides perfectly with the middle Gaussian Channel Band
The BTC pair also seems to want to recover at the middle band, likely because it has been previously a place of support
So WAVES/BTC is sitting on daily EMA200 + weekly EMA36 , both have been always a strong support and as the chart is shown, those level were followed by a strong bounces almost every time they were tested. Also from the recent move, WAVES/BTC is sitting at 0.786 FIBBS, this is a good level to buy at.
I would wait for a bullish divergence on lower time frames to...
Been buying back into Waves again within the golden pocket, after having DCAed out of my position during the recent significant pump.
Price have now just broken out above the sym triangle as defined by the cyan dashed lines. Presently setting stop loss below the 65% line, just below the golden pocket.
WIll revert to a trailing stop loss strategy if the price...
Hi friends, hope you are well and welcome to the new trade setup of Waves coin with Bitcoin pair.
On a 4-hr time frame chart, WAVES has formed bullish Shark .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
This is a very important one... Thank you for reading.
Waves vs Bitcoin (WAVESBTC) has broken above the May and September 2021 peak price, hitting a new high today.
What does this mean for us chart readers and cryptocurrency traders?
This is great news because the entire market is connected/linked; what one group of Altcoin does, the rest tends to...
Waves isn't stopping.
We have the highest volume on a weekly candle since May 2021.
The bullish wave for WAVESBTC started last year in January and went for 470%, this year it starts in February, we can see similar results.
We have a higher low, so a higher high can put us at 450%... We already have over 100% growth from the last low.
See additional details on...
We joined early on this bullish 'Wave'.
WAVESBTC is now moving above EMA100 daily, which is a very strong bullish signal.
This signal becomes even stronger when you notice how yesterday candle is bearish but fully negated today.
( Candle closure needed for confirmation. )
The MACD and RSI is what gives it away.
We continue aiming higher...
Patience is key.
Namaste.
The price is creating a descending channel on the daily timeframe.
On 4h timeframe the price created a bearflag between the weekly structures, and after the breakout down, the market retested the previous support as new resistance.
how to approach?
If the price is going to have a breakdown from the weekly support, we can add in our watchlist and wait for apply our...
WAVESBTC is testing the daily resistance after the price had a breakout from the descending dynamic resistance
IF the price is going to have a breakout, 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 structure.
🔵...
BINANCE:WAVESBTC
Waves is an emerging Layer 1.
Easy to see monthly Break and Retest.
Fib levels both from wick and monthly open close.
If we switch to linear we are basically targeting 0.5 - 0.618
WAVESBTC just breaking out of a falling wedge, a bullish pattern.
I had some doubts earlier but it is looking better now.
WAVESBTC now trading above EMA10/EMA21.
Strong RSI while the MACD is trending up and about to enter the bullish zone.
Multiple bullish signals are telling us that this pair is ready to grow.
The targets are mapped on the chart with...
Yesterday Waves/BTC broke out of it's 2 months downtrend, following Waves/USD pair. Today passed the tough resistance at 0.00038 and at the moment now shows signs of life and strength.
Next resistance is around 0.0004, and after some correction, it should climb up to 0.000485.
The USD pair shows two different possible outcomes
A break of the large trend line due to a double top (Bear)
Or a bullflag that pushes price higher
To discern the difference we look at the BTC chart and see that it is in favor of the bulls, hence we can draw the conclusion that the bullflag must be dominant, and the USD chart is in the bulls favor.
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