WAVESUSD trade ideas
WAVES - Potential Cup & Handle Pattern but be cautious.WAVES/USD
After a nice 300% rally here is what I see per a live stream request.
We are looking at a potential "confirmed kill" if we are unable to close a daily candle above our recent support turned resistance line. If we fail here, then our next support is coming in around the 50% Fib Retracement level - the green line on the chart. Since the Point of Control is below that at the .618 Fib Level, more than likely we only get a temporary bounce off that level, a brief scalp trade, and continued movement to the downside to re-test the Point of Control.
WAVES might become a potential buy at that level, we will just have to wait and see.
The bullish potentiality on the table right now, is a completion of a Cup & Handle Pattern. WAVES has pulled back between the .382 & .236 Retracement levels, the classical entry for a C&H bullish play. Although the traditional risk management approach is to set your stop at the 50% Fib Level, I would be much more conservative and be out of the trade if the local low is taken out.
Upside targets are on the chart. :)
WAVESWAVES are still lower then it was earlier this week ago, but we can see a slow rise today, reaching above 3$ again.
For it to go up at 3.11, it can repeat it's move to 4$.
Waves Buy the rumours, sell the newsSell the news! Greetings from Benice team!
Waves keeps on growing gloriously! After it became known that ROSTEC project has to do with the Waves platform, and after a hackathon was launched in Moscow under the banner of Waves, we see what we see. The price headed towards 4.8 dollars. It's been known since the middle of November, so such excitement looks artificial.
The next tranche of additional funding of the project was announced for January and spring. Apparently, they will let us have a very good ride. If the resistances are broken out, a target at the top is 7.61. If we settle above it, then the historic highs will be tested.
Re-entry or targets of the decline are 3.36 and 3.0.
If the level of 4.74 (weekly highs) is broken out, it will be a signal to purchase with a target of the continuation pattern of 7.55.
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WAVES: Pump Over or Continued Bullish Momentum incomingWAVES over the past several days have been pumping, with yesterday's momentum seeing close to 60% netted before a reversal. Does this look like a dump is incoming or continued bullish momentum following a cooling off period?
What do the charts show us?
Bullish
On the daily higher time frame, it appears that over the next several days the 15,55&90 MA will be crossing-over this can lead to the $3.39 resistance being re-tested.
Accumulation has fallen, however this can be a cooling off period.
Waves has been rejected from dumping at the 0.618 line, this can be seen as to fill the gaps at $2.025 before a further pump just as what occurred on the 3rd of December.
MACD illustrates continued momentum, with bearish volume not being enough to see a down-trend incoming.
Twice the 0.618 fibonacci at $1.88 has been re-tested, with each time failing to see a dump.
RSI Stochastic on the lower time frames appear that $2.38 will be retested today at the least.
Bearish
A third re-test of the 0.618 fibonacci before a fall below $1.88 would see it go to fill the gaps to the 0.382 to be filled. This is been based on positive momentum and heavy buy-side volume to be unlikely.
Nouvive Says: WAVES looks likely to re-test the resistance and local high of $2.386, based on higher time frames positive momentum, it appears that there is a chance that it will break the 200MA and go to the previous high of $3.39 before falling from there. A break below $1.70 would indicate that the pump is over.
WAVES/USD strongly Bullish (LONG)There is no reversal pattern, there is no rejection and next resistance level is a little far,
WAVES going greenWaves (WAVES), one of the top 50 currencies jumped more than 11% on Tuesday, 19th Dec. It was caused by the most recent announcement of virtual asset exchange Huobi. In the news it was announced that Tether (USDT) support for WAVES assets in its international and Korean markets.
Huobi Global added WAVES paired with USDT at 10:00 UTC on Tuesday, saying the the coin will meet its Tether listing standards. It is needed to mention that Korean Market supports BTC and ETH trading for WAVES as well.
Of course, such news played its role and had an effect on the perfomance of WAVES . The price of it rose from $2.61 several minutes before the Huobi Global listing to $2.64 around 30 minutes later. The asset sustained its momentum and changed hands at $2.70 at 11:17 UTC, which was an 11.03% increase on a daily basis, as per Coinmarketcap data. WAVES clocked $25.9 million in trading volume in the last 24 hours, with Binance BTC, ETH, and Binance Coin (BNB) markets accounting for 45.5% of it, or $13.1 million. Trading in BTC and Ethereum amounted to $459,414 (1.6%).
At the moment, WAVES ranks at number 21 on the cryptocurrency market capitalization list with $271.2 million in value.
Therefore, I would say now it is pretty good time for looking more closely at this altcoin and it going straight to the green zone, strengthening its positions as possible.Expecting the range in the next 24 hours of $3,47-4.
Trying its hardest to hit max B wave with the wicks this time rsi diverging when we break below 60 rsi id watch out
WAVES is upOver the past 24 hours, there has been a notable 20% increase in USD value, as well as increase in BTC value. Both of trends are obviously bullish.
This gives Waves a significant edge over the competition at this time, although other markets may show similar momentum moving forward.
Although the current movement is bullish, it can take time for the price surpass $2.
Waves hit upper line of wedge !Upper line of wedge is tested and it was broken already!
If it can hold above that line we can have a big upside movement soon!
WavesStrong uptrend yesterday followed by healthy retracement which has support along the to of the slope.
The first target is the parallel line drawn above the slope.
WAVES IN THE LEVEL SUPPORT AND HAS POTENTAIL TO PUSH FROM ITWAVES /USD already oversold and wait patient then the price will push...
Waves- Short term long opportunityWe can see a nice long tail candle on Waves now. Combined with support, where usually huge bullish reactivation is.
As the market is still quite risky, there certainly is a probability of going down, so I am playing this really safe with tight SL and small position.
My swing trades loaded with Zil etc, so I don´t want to add to my swing trades now. This one is short term and quite nicely set:
- RSI in possible bullish divergence
- Stochastic oversold
- Huge support
- Nice PA
- Bullish div. on stoch. on shorter timeframes
1. TP on 1.82, second TP on 1.86. SL 1.734. Entry around 1.76.
So the RRR is 1:2 and 1:3.5, that´s reasonable.
Enjoy!
WAVES Short on 4-Week Rectangle Breakdown4-week rectangle. Horizontal boundary tested several times. Confirmed breakdown.
WAVES/USD 20x from here? Hello.
Clear and understandable picture, is it possible yes?
ITS NOT financial advice!
$WAVES Short-Term Profitable Setup!WAVES is quite good on fundamental, probably one of the best project out there, and you should consider to pay attention on this one. Lately Waves is quite stable and not making a lot of movements on price since july. Well 2-3 dollars are really bargain considering it's development and contributing towards cryptosphere. WAVES is one of the coin that provide a network to build a token, which I've ever tried it and it's quite cheaper and easier even for non-coder person.
After all, you should play mid-term if you want to play waves and not it dissapoint you in shorter term. Once you buy it, you should sell order around 4 dollars for first sell order and 8 dollars for finaly sell around. You should gain a 8x easy if it achieve.
Considering the volatility of Cryptosphere, trade safe!
Last type from my side.last but not least.
Proximity of ermanometric vertical lines (calculated on weekly basis) and bullish engulfing of two, last weekly candles gives here opportunity to play that blue triangle up.
Not trading advice. DYOR!
Intresting rule - in cryptotrading especially - is to be greedy, when the others have fear, and have fear, if the others are greedy (like it was when Bitcoin was at 19000). Now Bitcoin is near strong support (5800-6000) and many have fear. The other rule is that everyone can be mistaken. And i take it into account with percentage of my holdings engaged in this casino.
WavesUSD an Ichimoku cloud analysisWaves was recently added to the the Nano_Ledger_wallet. Which proofs the long term commitment of the project towards the community.
This has so far not resulted towards a positive impact on the price. The cryptocurrency is following the overall downward market trend:
- Takashi_trading.com signaled a sell/short signal exactly on the drop.
- Waves is currently trading under the Ichimoku cloud and the cloud changed from green to red which are bearish signals.
- Very strong support around: 1,64USD; 0,80USD and 0,28 USD based on the Ichimoku cloud support level analysis.
The 0,80USD and 0,28 USD supports levels are still (luckily) significantly below us. Although keep in mind the future ETF events by the end of September. This may be a negative catalyst for the entire market and could brings us to that support more quickly then (previously) expected.
Waves x2 Growth Potential - Short TermWaves steady decline could be over and the upside corrective wave is expected. Price found the bottom at $1.58 were it rejected the lower trendline of the descending channel. MACD has formed a strong bullish divergence, also suggesting on the upcoming correction up.
While the current support is holding, WAVES/USD should start correcting upwards and potentially could double in value from the current price. Now WAVES is trading at $2 and the resistance is seen at $4.38, that is 38.2% Fibonacci retracement level. The resistance is also confirmed by the lower trendline of the broken ascending channel and the 200 Moving Average area.
Therefore, as long as the support is not penetrated, 100% growth to be expected in a relatively short period of time. But break and close below the $1.58 level should invalidate bullish scenario and price is likely to decline towards the strong psychological support at $1.
Cheap WAVES for next level crypto disruption [BTFD]Again WAVES has been a very good and powerful player in last 8 months
like ARK and many other coins, its come right down in correlation to the lows of bitcoin in June
WAVES is an ETH like project with plenty of support and im confident in 2018 and beyond will be a good and important player, loads of airdrops and community tokens but WAVES is the main one, hope it goes far...
So as we can see WAVES came down to below $3 and a little bounce we can see forming a reversal on both charts, im looking to collect more WAVES as it comes as close to 0.0004 as possible
confident of WAVES reaching double figures again in 2018/2019
good trades and have a great and powerful July
peace
