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QubitLife

WAVESUSDT: Possible Short (27.10.2020)

Short
Waves / TetherUS PERPETUAL CONTRACT (BINANCE:WAVESUSDT.P)  
QubitLife  
BINANCE:WAVESUSDT.P   Waves / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Harmonic Patterns waves wavesusdt WAVESUSD waveslong wavesshort wavessignal
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trendanalysis chartpattern harmonicpatterns waves wavesusdt wavesusd waveslong wavesshort wavessignal
At D1, the price found resistance at 61.8% Fibonacci. In addition, the RSI has reached the overbought level and divergence has formed between the price and the RSI.
Also, the price on D1 broke the uptrend line.

On H4, the price broke through the trend line, and a divergence formed between the price and the RSI.
At the moment, the initial impulse of the decline is being formed.

We should expect the price to drop to $ 3, after which we recommend selling WAVES at the local correction.

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