theCrypster -
After a generally downward trending scene with #WAVES for the last 11 months or so, mostly trending along the top edge of this channel we've attempted another top edge break, and got rejected again!
We've attempted a lower edge breakout only a couple of times and the most recent swing low is where we're going to be putting our Take Profit on this...
wave is in a strong bullish trend lately but now its in a supply zone (reversal zone)
also RSI shows a powerfull divergence
i think 10%-20% drop is about to happen soon
if you have more patience you can get more ! but dont forget to risk free your trade
be careful with financial markets
GOD BLESS
WAVESUSD is showing a descending triangle pattern in the hourly time-frame. Because it is still in a upper trend, the brekout is expected to be upwards.The bollinger bands are tight right now so that means there will be a bulky movement upwards or downwards. To open a position we have to wait for the break out and a possible re-test. This is not a financial...
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...
Even such clumsy coins as waves make good movements from time to time.
In order not to miss it, we recommend use higher timeframes: at least 1 day and preferably 3 days.
Script settings for 3D timeframe:
· Signal calculation type - "Close"
Both WAVES > USDT and BTC Pairing are doing well.
Observations:
> Both charts had a spike in volume since the bounce off the bottom and its likely this will continue
> Price respecting Fib Level extensions.
> DAILY Candles look good with lower highs on both charts
> BTC still going up and holding in the short term, not seeing volativity and hence ALTS usually go...
