WAVESUSD trade ideas
To Crypto Russia with LoveWAVES is a project we have been keeping an eye on for about a year now and we missed the November and December 2020 rally. Luckily we have seen a decent retracement
in the price of the crypto. Wave's price is 29% off it's recent high of $9.33 set on 07 December last. Time to get involved and invest some our Ethereum profit.
We have rising 100 & 200 day moving averages on a 1 year chart and the price has found support at the 100 day simple moving average (SMA). We see this as a nice probe entry into Waves and would keep that trade open as long as $4.93 (low of 04 January candle) is not breached. We may add a second tranche around $7 once resistance around that area is cleared.
Since its inception in 2016 by Ukranian theoretical physicist, Sasha Ivanov, Waves has been focused on the mass adoption of blockchain technologies. The team's main focal point is to improve user experience and build relationships with legacy institutions in both the public and private sector. The team originally aimed to simplify the process of asset tokenization and both crypto and fiat transfers. The Waves Blockchain Platform has since evolved to support smart contracts and dApp development.
Waves was designed to address the confusing cryptocurrency user experience and bring blockchain technologies to legacy institutions. It aims to achieve this by implementing interphases which are familiar to the average person.
Consensus on the Waves blockchain is achieved through a novel mechanism called Leased Proof of Stake (LPoS). Although there is hefty competition in this space already, most notably Ethereum, EOS, Lisk, and NEO, Waves stands out in its understanding of what it takes to achieve mass adoption of cryptocurrency and other blockchain technologies. They are even making the coding aspect accessible to the average Joe.
Waves are ready to crash the resistanceWaves is on the resistance area and waiting for the volume to crash it.
WAVES/USD BinanceLooks very different to USDT. USDT shows what looks like a potential elliot wave having just completed wave 2 and on the way to wave 3. USD shows a weekly cup and handle or an inverse H&S shoulders. Resistance ahead but once it breaks can expect some good gains.
recovery + buy the bloodsadly didnt catch the wick on waves... looking for a long as soon as we gain + hold first resistance box LFG
Update on Waves. Bounced off the 1D 50 MA as supportUpdate on Waves. Bounced off the 1D 50 MA as support
Waves breached support currently sitting on 4H, 200 day MAWaves looking like a correction is inevitable breaching support and currently sitting on 4H, 200 day MA
Waves still holding on to the 8 dollar rangeWaves still holding on to the 8 dollar range despite the bearish divergence
Waves holding 8 to 9 dollar range despite BTC pumpingWaves holding 8 to 9 dollar range despite BTC pumping and showing weakness in the RSI. Currently sitting on MA support while BTC attempts to break 20k
WAVE/USDT 4H CHART(NOT INVESTMENT SUGGESTION)I EXPECT WAVE'S BULLISH IN FUTURE. IN THIS CHART WE HAVE A BULLISH TRIANGLE FORMATION.
I EXPECT 8.67$-8.91$ - 9.33$ - 9.87$-10.39$ STEP BY STEP AFTER TOUCHING 8.25-8.30 RANGE.
SO BUT WE SEE 8.18 WE CAN SEE ALSO 7.90$ İTS COMPLICATED JUST WAIT AND DO SOMETHING ACCORDING TO MOVEMENT.
ITS NOT INVESTMENT SUGGESTION , ITS FOR STUDY.
Waves/Usd Bearish ForecastMaybe fundamentals affecting Deloitte stocks along with the S&P will bring some insights here.
-Theoretical SL 9.0451
-Bias 7.0000
-Tp area 7.8768
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At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Interesting Opportunity: Waves could starting a strong bullishIn this analysis that one of my followers wanting to make this analysis. Ok, Waves was into this bullish chartist called cup and handle. Now, the forecast it's leading toward the $62 USD. Also, I can to proyect that Waves could become one of the crypto more appreciate.
So, I didn't know this proyect, but the proyection for medium to long term it's so intersting my friend and follower. So, I reccomend to entry around at $5 dollar to hold this crypto if you want toward the $62 dollar or include the price far but faw away.
Also, it's curious this analysis that you requested to know the proyection for you!!!
I don't know this proyect, but I can to study it and if I see that it's so interesting, I will going to invest too in this proyect.
Waves Bearish divergence getting SteeperBTC is in a descending triangle, waves price can possibly correct back to the 50 day MA if BTC breaks downwards
Ascending triangleWaves break's the ascending triangle looking for more upside.
Daily SRSI in the midway.
