💎 WAVES has undeniably piqued our interest. Currently, WAVES is navigating a pivotal resistance zone, defined by the falling wedge pattern and an adjacent local resistance. For a bullish trajectory, WAVES needs to surpass this resistance and re-establish the previous support zone.
💎 A prudent approach would be to await a confirmed breakout with a candle close above the resistance. If this unfolds, WAVES could embark on an upward journey, targeting the supply level at $1.55. Breaching this supply is essential for WAVES to approach the major resistance zone.
💎 On the flip side, if WAVES struggles to overcome the pattern and the local resistance, it might retreat to the demand zone to gather momentum. However, this could be a fragile stance for WAVES, as there's a risk of breaching the demand zone, potentially propelling it further down towards a critical support level.