Waves - Another stablecoin disaster ✈️Since downfall of luna Waves stable coin USDN had been suffering a lot.
As project tries to keep it up, looks like they can't stabilize it anymore.
If bitcoin falls lower, WAVES holders may capitulate which will lead to the end of whole ecosystem.
You can try to short on support breakdown with closest target at at least 2$
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Wavesusdt
WAVESUSD is seeking for opportunity Decentralized exchange, Conditional Trustless transactions, Replace traditional contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, token issuance.
Resistance area 8.88
Target : $9.767- $9.978
Stoploss : $7.106
WAVES - Formed nice level and squeezing it down📉Reasons to take short
⭐️ BTC bearish
⭐️ Level is clear
⭐️ Accumulation 7 days
⭐️ Volume at top
⭐️ Slowly squeezing down
⭐️ 4th touch
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
WAVESUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 11 and 13
after first target reached move ur stop to breakeven
Stop: ~6 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Waves posible to form a second top before fallingThis is based on the pattern where it forms a double top
WAVESUSDT - Final Sell Push ⬇️As I mentioned to my members, the main goal in this current crypto market is to sell the rallies rather than buying the dip.
Price swept the support liquidity leaving a large fair value gap that has now been filled.
The 50% of this breakout candle has held extremely well and lots of wick rejections were presented.
Could we now see some sells again? 💬
I will be observing the price on the lower timeframes to locate a potential sell because I think the completed compression below support was insufficient.
I will let you know when/if I enter.
Have a great trading week guys! 🔥
[UPDATED] Wyckoff on WAVESHello Trades,
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Just noticed that we are following Wyckoff distribution schematic on WAVES
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The distribution schematic has similar phases to the accumulation schematic, but with many of the same events along the way happening in the opposite direction.
Phase A - Arriving with the Markup Phase of the cycle is the Preliminary Supply (PSY), which demonstrates the first opportunity to sell for strong profit is nearing. The Buying Climax ( BC ) where the Composite Operator and bears first sell-off, creating a new resistance line. Price drops until a new Automatic Reaction (AR) occurs, bouncing the price up again to a Secondary Test (ST).
Phase B - Similar to Phase B of the Accumulation Schematic, in that, this is now where the Composite Operator will sell off its investments and realize profits from the previous schematic phases. Again, bear traps and bull traps may occur between the trading range. An Upthrust (UT) may also occur, briefly surpassing the BC , and setting a new resistance line.
Phase C - Just as with the Accumulation Schematic, this phase may or may not occur. An Upthrust After Distribution (UTAD) could find the market a new high. Whether or not this happens, Phase D eventually takes place.
Phase D - This is the last point for investors to sell at higher prices before the price begins to capitulate. Usually, a Last Point of Supply (LPSY) is found within the trading range, then a buy/sell reaction occurs, and another LPSY is located at or below the support line, triggering Phase E.
Phase E - The downward capitulation begins with a clear drop under the trading range as investors sell off, diminishing demands and tanking the price.
public.bnbstatic.com
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Take care, compare the picture to the chart.
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Thumb up for more !
WAVES short Entry Range, Take Profits and Stop LossWAVES/USDT short
Entry Range: $9.00 - 10.10
Take Profit 1: $8.10
Take Profit 2: $6.70
Take Profit 3: $4.60
Stop Loss: $11.81
WAVES: would you enter this short now?WAVES is clearly about to go down but it's out of what I consider a "safe zone". Would you consider to short it right now? On chart my shorting target and off course price is already out of the entry zone.
Tell me what you think? I won't enter this short today though.
WAVES to 13 or to 6 ?This might be my last update on WAVES
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I saw something else on the chart, That we are running on SYMMETICAL TRIANGLE
Skip the next paragraph if you know the symmetrical triangle :
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What is a Symmetrical Triangle Pattern?
The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend . This pattern is also known as a wedge chart pattern.
How does Symmetrical Triangle Pattern Work?
Phase 1: Existing Uptrend
When there is an extreme demand in prices there is an uptrend. It continued as the demand increases.
Phase 2: Pause
When demand is equal to supply the there is a pause in an uptrend and investors start to book profits here. As prices consolidate it forms converging trend lines . As there is equal demand and supply investors buy on the lower trend line and sell on the upper trend line . Which results in forming a Symmetrical Triangle Pattern .
Phase 3: Uptrend Continuation
After demand matching the supplies when there is when buyers are again interested to buy demand increases. Which results in breakout! And the continuation of the uptrend.
Role of Volume:
Volume plays a major role in a symmetrical triangle pattern . When in an uptrend the volume is quite higher. In the second phase, the volume starts to diminish due to equal demand and supply. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend.
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For me the chance of breaking of the symm. triangle is always 50% - 50%
but this time I am a little bearish and I will link you a related idea to watch.
I always trade it as it goes.
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Thumb up for more updates on WAVES
Waves bullish breakoutWaves is breaking out of the flag. Retesting so it can take off. BTC needs to behave.
Wyckoff on WAVES Hello Trades,
Just noticed that we are following Wyckoff distribution schematic on WAVES
-
The distribution schematic has similar phases to the accumulation schematic, but with many of the same events along the way happening in the opposite direction.
Phase A - Arriving with the Markup Phase of the cycle is the Preliminary Supply (PSY), which demonstrates the first opportunity to sell for strong profit is nearing. The Buying Climax (BC) where the Composite Operator and bears first sell-off, creating a new resistance line. Price drops until a new Automatic Reaction (AR) occurs, bouncing the price up again to a Secondary Test (ST).
Phase B - Similar to Phase B of the Accumulation Schematic, in that, this is now where the Composite Operator will sell off its investments and realize profits from the previous schematic phases. Again, bear traps and bull traps may occur between the trading range. An Upthrust (UT) may also occur, briefly surpassing the BC, and setting a new resistance line.
Phase C - Just as with the Accumulation Schematic, this phase may or may not occur. An Upthrust After Distribution (UTAD) could find the market a new high. Whether or not this happens, Phase D eventually takes place.
Phase D - This is the last point for investors to sell at higher prices before the price begins to capitulate. Usually, a Last Point of Supply (LPSY) is found within the trading range, then a buy/sell reaction occurs, and another LPSY is located at or below the support line, triggering Phase E.
Phase E - The downward capitulation begins with a clear drop under the trading range as investors sell off, diminishing demands and tanking the price.
public.bnbstatic.com
-
Take care, compare the picture to the chart.
-
Thumb up for more !
#WAVES, chart over 2022 has been insane #WAVES chart over 2022 has been insane
700% up into a 94% drawdown and now trending up again..
Volume is also at insane levels (ATH in Binance) while UCTS is back on a buy signal on multiple timeframes.
probably not stopping here
$WAVES
15% run upcoming again ?Hello Traders,
Yesterday Waves tried to hold when BTC was crashing all supports out their.
you can see the head and shoulder pattern on the chart with it's targeting lining exactly with the daily resistance
Wait for a breakout and then enjoy 15% upward now
Target 11.9 mainly
Maybe before a little maybe after ?
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Hope you enjoy this, leave a thumb up for more
waves usdtBINANCE:WAVESUSDT
weekly view shows resistance at this levels not sure if it will brek though but as of now is being held back we shuold see if this is broken and start another rally but keep an eye it could get rejected hard good luck
#WAVES/USDT 4Hr UPDATE !!Hello, welcome to this WAVES/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Look bullish flag pattern in the 4Hour timeframe.
In Case of uper trand line break and retest and the , Expect a +90-100% olmost Bullish Waves.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you
Bull Falling Wedge ?I guess WAVES are now forming a Falling wedge pattern !
the failure rate for the falling wedge is considerably low. The failure rate for an upwards breakout is only 8% – 11%.
With our volume declining ( which indicate a big move towards up or down side soon )
it can be our last target before a correction ?
Targets :
1- Previous high (10.59)
2- 11.9
3-15.9 (I guess not this time)
Tell me down, Do you think it is a wedge too ?
-Thumb up if you agree
WavesThis shows the reason for the rejection at the 10.50 area, I would expect more downside to come.
From my previous idea on lower timeframes now you can see why I had found the divergence important as it was by the weekly level, I usually post ideas a little late as if I see something I will trade it myself first