WAVES/USDT Perfect bounce and break the pattern. Back to up?
Updated
💎 WAVES has recently undergone significant market dynamics, breaking out of a descending channel and undergoing a retesting phase at the trendline. This suggests a readiness for continued upward movement towards the next target resistance at 2.65.
💎 Should WAVES successfully break out of the resistance area as well, it will probability pave the way for reaching our target area with relative ease.
💎 However, if WAVES fails to break out of the resistance, there is potential for the price to retreat back to the demand area to gather new momentum.
💎 Upon reaching the demand area, it is crucial for a bounce to occur. Failure to bounce, and subsequent breakdown of this area, would signify a bearish turn for WAVES, likely leading to further downward movement.
💎 Should WAVES successfully break out of the resistance area as well, it will probability pave the way for reaching our target area with relative ease.
💎 However, if WAVES fails to break out of the resistance, there is potential for the price to retreat back to the demand area to gather new momentum.
💎 Upon reaching the demand area, it is crucial for a bounce to occur. Failure to bounce, and subsequent breakdown of this area, would signify a bearish turn for WAVES, likely leading to further downward movement.
Trade closed: target reached
Boom! #WAVES is doing just what we said. Up 44.60% and looking good!
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