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WAVES short

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One of the biggest gainers in the past month. 320% in 25 days.

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Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.

TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$

SL: 35$

It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.

Very good risk reward ration.
Ghi chú
Watch the red resistance trendline. Looks like a flag.
Weekly same price higher RSI hidden. Confirmation at the end of the week.

Mixed feelings.

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Giao dịch được đóng thủ công
bearishdivergenceChart PatternsTechnical IndicatorsRising WedgeTrend Analysiswavesusdt

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