Waves: hold onto your surfboards🌊 💎Paradisers, #WAVES has successfully broken out of the resistive trendline and has demonstrated a Change of Character (CHoCH) and Break of Structure (BOS), signaling a shift towards a bullish market structure.
💎If #WAVESUSDT continues to exhibit CHoCH and BOS from the current area, we can expect a bullish movement. However, the likelihood of this move is lower, so caution is advised, and it would be prudent to use smaller position sizes.
💎In the event of a breakdown of minor support, a bounce from the Bullish Order Block (OB) combined with the Demand zone may occur, but confirmation is required here as well.
💎Nevertheless, if the price does not provide any confirmation and breaks down both levels, it will be considered bearish for #WAVES. In that scenario, I would prefer to disregard it and wait for more favorable conditions.
Wavesanalysis
Roto IN this chart we clearly see that Elliott 5 wave is completed and after that it take upside move.
so here we can take one entry with minimum stoploss for swing trading.. let's see what will happen in upcoming days..
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years