Welcome folks to my new update on WAVES/USDT.

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On 22 Feb 2022, when WAVES started its rally, ever since then it never stopped. It gradually pumped making healthy support and resistance . If we talking about the gain percentage then WAVES is already 230% up which is massive.
Now, in the current scenario, WAVES broke out of the upper trendline which rarely happens in a rising wedge pattern. Here’s my analysis of this current scenario.

Scenario 1: WAVES may possibly retest up to the upper trendline and then bounce back towards the higher resistance level which is at $34.83.

Scenario 2: WAVES could drop back in between the upper and lower trendline and then bounce back.

So, this could be a win-win situation for us if we can make a perfect entry.

$25.7 could be a good entry if WAVES retests and bounce back.

Or

$21.5 could be another entry if it drops below the upper trendline.

That’s my strategy for WAVES. What’s yours?

Let me know in the comments.

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