Short
WAVES short
One of the biggest gainers in the past month. 320% in 25 days.
Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.
TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$
SL: 35$
It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.
Very good risk reward ration.
Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.
TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$
SL: 35$
It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.
Very good risk reward ration.
Note
Watch the red resistance trendline. Looks like a flag.Weekly same price higher RSI hidden. Confirmation at the end of the week.
Mixed feelings.
Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.