Update to my previous idea WAVESUSD: Buy Zone:
I see a Wave 4 phase of Elliot Wave formation for WAVESUSD. We should be currently in the E leg of Wave 4 and should expect a breakout from the 3-3-3-3-3 triangle in the beginning of the next week leading to Wave 5 phase.
Once the breakout happens, we can expect following targets:
Target I- 18$
Target II- 20.5$
Target III- 24$
Resistances offered at each of these target levels could end the Wave 5 so please take your full/partial profits at the appropriate target.
(Sorry for providing update like this as I am new to TradingView)
Disclaimer: This chart is just for informational purposes and not an investment advice. Please trade at your own risk.
I see a Wave 4 phase of Elliot Wave formation for WAVESUSD. We should be currently in the E leg of Wave 4 and should expect a breakout from the 3-3-3-3-3 triangle in the beginning of the next week leading to Wave 5 phase.
Once the breakout happens, we can expect following targets:
Target I- 18$
Target II- 20.5$
Target III- 24$
Resistances offered at each of these target levels could end the Wave 5 so please take your full/partial profits at the appropriate target.
(Sorry for providing update like this as I am new to TradingView)
Disclaimer: This chart is just for informational purposes and not an investment advice. Please trade at your own risk.
