✴️ Waves Bullish Chart Fully Explained

This is a beautiful looking chart and really strong favoring the bulls... I would like to go through it with you step by step.

Waves came out of this Falling Wedge pattern last month and it looks nice. The falling wedge always matches a broken downtrend once the bullish breakout takes place.

There was a low 10-March.
The bullish breakout in June pushed prices above this level and also above EMA50.

On the breakout retrace and retest, which is normal, prices bounced before hitting this 10-March support and EMA50, sending out a very strong bullish signal.

Today we see the resumption of the initial bullish move in the form of a strong big candle with bullish indicator.

All these signals together are pointing up.

The fact that the market has been growing, recovering, building up functions as additional support.

I am bullish here on WAVESUSDT and WAVESBTC, these pairs are moving together now, so we can see them both moving up.

Namaste.

Commentaire:

+35% on the initial breakout... We are very likely to experience additional growth, much more.