Hi friends! Welcome to waves update analysis, among the few coins with huge announcements and had been among the top 5 in volume since it moved first week of December.
Waves recently caught my attention printing a very interesting widening mouth pattern that could drive waves higher. Its currently sitting on its 12 EMA with a very nice doji candle close with confluence on a trend support. A bounce at this level will trigger a 2X move. A hidden bullish divergence also supports this price action.
5 waves on a widening mouth channel is a springboard for a big bullish move. It is currently on its 4th wave in the channel. If it does completes the 5 waves on the channel, waves will likely print new highs after a correction.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Bullish Poop Trader
Waves recently caught my attention printing a very interesting widening mouth pattern that could drive waves higher. Its currently sitting on its 12 EMA with a very nice doji candle close with confluence on a trend support. A bounce at this level will trigger a 2X move. A hidden bullish divergence also supports this price action.
5 waves on a widening mouth channel is a springboard for a big bullish move. It is currently on its 4th wave in the channel. If it does completes the 5 waves on the channel, waves will likely print new highs after a correction.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Bullish Poop Trader
Trade closed: stop reached
Comment:
Trade was invalid, here is an update.
