- WAVESUSDT is on verge of its fifth impulsive Elliott wave
- Price retested the 0.618 fibonacci retracement and flip horizontal support.
- Price action is printing a pennant chart pattern.
- This is a trend continuation pattern.
- There's breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
WAVESUSDT retraced as expected from my previous analysis.
Price retested the flip horizontal support + 0.618 fibonacci retracement.
Price brokeout above the pullback descending trendline resistance.
We could see an uptrend continuation.
Targets 🎯 - previous swing high ( ATH ), fibonacci extension levels.
Setup invalidation ❌ - breakdown below the previous swing...
WAVESUSDT is printing a rising wedge pattern on the daily timeframe.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - breakdown below the rising wedge support
Target 🎯 - Support levels
Setup invalidation ❌ - breakout above the rising wedge resistance