WAVESUSDT Dynamic S/R| Supply Zone| Declining Volume| 200 MA S/R

14 déc. 2020Evening Traders,

Today’s analysis – WAVESUSDT- trading with a higher low construction, a break will be imminent,

Points to consider,
- Price Action Equilibrium
- Dynamic S/R Support
(200 MA Confluence)
- Supply Zone Resistance
- Declining Volume
- Oscillators Neutral

WAVESUSDT’s immediate price action is bullish with consecutive higher lows. The current equilibrium is forming at its apex where a break will be imminent.

The Dynamic S/R is in confluence with the 200 NA as projected support, maintaining these as such will be indicative of strength.

The Supply Zone is crucial resistance that needs to be breached; closing above with consecutive candles will be another indication of strength.

Immediate volume profile is declining considerably; this is a pre-sign of a volatility expansion being imminent.

Both oscillators are currently trading in their respective neutral zones; a break in price will cause a momentum shift in both the RSI and Stochastics.

Overall, in my opinion, WAVESUSDT is a valid long if bullish signs persist; price action is to be used upon discretion/ management.

Hope this analysis helps!

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And remember,

“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt