as you see in chart, price is ready to go up again and a hidden divergence in MACD could be good signal for us to know that the ascending trend is not over yet!
stop loss: under channel line
first target: the red area in chart or the upper line of the channel
In previous analysis i described how price hit with an ATH
And I drew three phases called Action Reaction and Resolution
price now in resolution phase and being sent to the new ATH
Crossover strategy,intersection moving averages MA50 (Red line)> EMA20 (Green...
WAVES coin broke the downtrend line. The coin is in a downtrend in the past couple of weeks and has good accumulation of around $2-$2.25 price. The coin shows a clear breakout of the triangle.
WAVES is a good buy around $2.9-$3 price. This coin has great fundamentals. Waves 2.0 mainnet will be launched in early 2021. Buy and Hold this coin for good returns.
Buying around 2.75 - 2.48
1 - 3.00
2 - 3.28
3 - 3.67
Breakdown of 2.37, the price may fall below
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If there is a daily close above the orange level, we will head towards the targets shown by the green levels
The stop loss after activating the trade will be the daily close below the red level.
Do not enter with more than 5% of your wallet
Entry Price: 3.4884
Take profit: 3.1580
Possible gain: 9%
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WAVES is currently breaking super strong trendline and 21 daily MA. I think, that complex WXYXZ correction is finished and WAVES will continue in uptrend. Hard to set any precious targets, but because I am tracking that possible move up as a 5th wave, then we should reverse somewhere in that purple box.
I am not in LONG right now, because I am in other altcoins,...