Long
WAVESUSDT (WAVES) - UPTREND CONTINUATION
ANALYSIS 🔎
- WAVESUSDT is on verge of its fifth impulsive Elliott wave
- Price retested the 0.618 fibonacci retracement and flip horizontal support.
- Price action is printing a pennant chart pattern.
- This is a trend continuation pattern.
- There's breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
- WAVESUSDT is on verge of its fifth impulsive Elliott wave
- Price retested the 0.618 fibonacci retracement and flip horizontal support.
- Price action is printing a pennant chart pattern.
- This is a trend continuation pattern.
- There's breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.