WAVES/USDT: NOT GIVING UP.
Updated
Welcome folks to my new update on WAVES/USDT.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
On 22 Feb 2022, when WAVES started its rally, ever since then it never stopped. It gradually pumped making healthy support and resistance. If we talking about the gain percentage then WAVES is already 230% up which is massive.
Now, in the current scenario, WAVES broke out of the upper trendline which rarely happens in a rising wedge pattern. Here's my analysis of this current scenario.
Scenario 1: WAVES may possibly retest up to the upper trendline and then bounce back towards the higher resistance level which is at $34.83.
Scenario 2: WAVES could drop back in between the upper and lower trendline and then bounce back.
So, this could be a win-win situation for us if we can make a perfect entry.
$25.7 could be a good entry if WAVES retests and bounce back.
Or
$21.5 could be another entry if it drops below the upper trendline.
That's my strategy for WAVES. What's yours?
Let me know in the comments.
Do like, and follow for more updates.
Thank you.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
On 22 Feb 2022, when WAVES started its rally, ever since then it never stopped. It gradually pumped making healthy support and resistance. If we talking about the gain percentage then WAVES is already 230% up which is massive.
Now, in the current scenario, WAVES broke out of the upper trendline which rarely happens in a rising wedge pattern. Here's my analysis of this current scenario.
Scenario 1: WAVES may possibly retest up to the upper trendline and then bounce back towards the higher resistance level which is at $34.83.
Scenario 2: WAVES could drop back in between the upper and lower trendline and then bounce back.
So, this could be a win-win situation for us if we can make a perfect entry.
$25.7 could be a good entry if WAVES retests and bounce back.
Or
$21.5 could be another entry if it drops below the upper trendline.
That's my strategy for WAVES. What's yours?
Let me know in the comments.
Do like, and follow for more updates.
Thank you.
Note
WAVE/USDT is at our entry level. So far WAVEs is doing good.
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