I work out a Bipoon signal to buy WAVES. A buy signal came. But scary at current prices. Placed a pullback order closer to the lower border of the uptrend.
WAVES is a project we have been keeping an eye on for about a year and we missed the November and December 2020 rally. Luckily we saw a decent retracement
in the price. Wave's price retraced 29% off it's high of $9.33 set on 07 December last before we went long WAVES/USD on 05 January and are +66% on the trade. It is time for us to catch a second wave with the...
Waves forming a bull flag on the daily.
A daily close above the flag will bring us massive gains.
Bitcoin seems to be holding up, any sudden moves I expect alts to crash.
Caution and patience required
This is a very simplistic analysis of a cup and wave indicating a potential of returning to ATH in the $20's. Nothing more than a technical view or complicated on the daily chart.
Any other thougths?
Best wishes and happy trading.
As anyone that follows my socials know, I’m big on waves and it loves printing nice consolidation patterns, with an even nicer impulse from these ranges.
Tether printing another 800M supply only means good things.
ideally i'd have liked a close above the 7.30 range.
the retest of the breakout is bullish IMO. I don't expect to see its performance decline though "altszn"
According to me; WAVES close to break triangle above.
It will complete cup formation when reach $13 and that will be new support for new ATH.
There are hidden bullish divergence between price and RSI.
As an OBV total volume increasing and money flow WAVES with this conditions it looks reach Fib 1.618 $13.
Fib 0.618 very good enter point.
Buy: $5
Sell: $13
* DON'T BE AN IDiOT AND THiNK FOR YOURSELF!
* THiS iS NOT A FiNANCiAL ADVICE!
TRADE:: WAVES_01_16012021
STATUS:: Contemplating about the entry point
TYPE:: Long
PATTERN:: N/A (Still expecting a descending triangle on a lower timeframes or any other consolidation pattern on 1H timeframe)
SIGNAL:: 4H MFI
FILTER:: 1H OBV Delta, 4H OBV Delta have to turn green....
