WAVESUSD crossed above the 1W MA50 for the first time since April 18th 2022. With the 1W time frame turning neutral (RSI = 48.860, MACD = -0.216, ADX = 28.633) this should be treated as a first indication of a long term trend change but will get validated only if the 1W candle is closed above the MA50.
We will go long on that signal and will target the R2 on the...
BINANCE:WAVESUSDT $FallingWedge $PatternFormation $TradingView
Greetings, fellow traders! 👋 I'd like to share an intriguing chart pattern I've identified on the BINANCE:WAVESUSDT chart. It appears that a potential falling wedge pattern is forming, suggesting a possible bullish reversal in the near future. Let's delve into the details!
1️⃣ Falling Wedge...
Logarithm. Main trend. Time frame 1 month.
Are you scared in the market right now? If yes, then rejoice and change your fear into a positive. After all, if you're scared, then other market participants are similarly scared, and this is an understanding of the surrender zone.
Linear schedule . 1 month.
Accumulation and distribution. The average price of...
WAVESUSD
The price goes into long-term accumulation until it is worth buying, if you buy then from the lower border of the channel
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Falling Wedge
A bullish chart pattern
This is the 4 Hourly chart for WAVES
It has dropped significantly since its ATH above $60
Has price finished decline?
Waves may end a complex correction first that will go up at 5.790 before will go down for a 5th wave that I think will retest 4.100 price zone.
So, long and than short!
Good luck!
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A perfect example of a leading diagonal.
This type of pattern is formed in the current conditions of the market when the buyers still do not have a great confidence, thus forming wave 1 of a higher degree in the Elliott Wave structure.
I will present the Fibonacci relations from such a pattern:
Wave 2 corrects in the area 0.768 of the Fibonacci retracement of...
Waves can start to push higher with an 12 12 impulsive pattern. we have an expending leading diagonal for 1st wave (red) and than an leading diagonal for second 1 (blue). As it stay above invalidation line the count looks good!
Prepeare for some buys!
After ending an expeding flat correction Waves made an impulse out of the channel with an expending leading diagonal. Now we are into the corection that I think is an expended flat and than will go for a 3rd wave up.
I will update the count, so like and subscribe!
The earlier formation in 2017 led to a massive break out for WAVES that continued into 2018. A massive one!
Right now the structure forming is extremely similar, the current point we are at is shown with the green double bottom trend
Can you see the comparison? Will we see another moon like in 2017?
Waves is in a similar moment to the two situations shown on the chart.
Trading volumes are going up.
Price has broken up 100MA on the 1H Timeframe.
WAVES is in the overbought zone RSI at 30m Timeframe.
The BB indicator is overbought on the 1H Timeframe.
I expect that from the current level the price may test the support level, but after that it will continue to...
Waves looking great.
Entry with buy order at 5.60 - 5.40 and take profit for at least C wave 8.50-10.00.
I will update this count so stay tuned, like and subscribe.
Hello everybody,
WAVES doesn't look bad for a small profit today, the support looks solid and the first major resistance is at + 5%.
target: $ 6.5
stop: $ 6.1
