What a clean move again as expected this share has completed corrective 12345 waves successfully now time has come to buy on revarsal abc and wait for upmove.
WAVES has broken out from its down trend line but has not yet bounced back as hard as most other altcoins from last week's lows.
It is so far trading sideways between the 0.23 and 0.38 Fib levels, but could be headed upwards taking support of and facing resistance from the higher Fib extension levels drawn.
Subject to a large extent to BTC maintaining above...
Trading suggestion:
. There is a possibility of temporary retracement to 13.5/14$
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. WAVE is in a uptrend and the continuation of uptrend is expected.
. The price is above 14$ zone leads more upside.
Take Profits:
TP1= 22/24$
TP2= 28/30$
tp3= 38$
SL...
1. wave count spotted
2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3)
3. high probable impulse wave 5
4. once it breaks out of the channel - confirmed
Weekly chart:
Technical analysis:
. Waves/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00550 to 0.00425). if so, traders can set orders based on Price Action...
Technical analysis:
. Waves/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action...
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
Previous support existing at 28530
and intraday target 28342 of Chanel.
Finally, intraday support is at 28340 nearby.
We may see a pullback 11 o clock nearby.
Refer to last research of BANKNIFTY.
Technical analysis:
. Waves/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 21.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
