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Weekly forecast Waves technical chart
Symbol WAVESUSD

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Trade Setup

#WAVESUSDT
Total Profit: 13631 pip (92%)
Closed trade(s): 1163 pip Profit (8%)
Open trade(s): 12468 pip Profit (84%)

Trade Setup:
We opened 7 BUY trade(s) @ 14.427 based on 'Valley' entry method at 2021.07.22.

Closed Profit:
TP1 @ 15.590 touched at 2021.07.24 with 1163 pip Profit (8%).

Open Profit:
Profit for one trade is 16.505(current price) - 14.427(open price) = 2078 pip (14%)
6 trade(s) still open, therefore total profit for open trade(s) is 2078 (14%) x 6 = 12468 pip (84%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 19:11
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 11.400, beginning of uptrend is expected.
  • We make sure when the resistance at 18.430 breaks.
  • If the support at 11.400 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 11.50 on 07/20/2021, so more gains maximum to Major Resistance (18.43) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 62.

Take Profits:

  1. 15.59
  2. 18.43
  3. 22.98
  4. 26.64
  5. 30.24
  6. 41.98
Click on the level to view price action history.

Symbol Released Current Forecast
Waves (WAVESUSD) Tue, 16 Apr 2024
Waves (WAVESUSD) Sat, 6 Apr 2024
Waves (WAVESUSD) Fri, 22 Mar 2024
Waves (WAVESUSD) Sun, 10 Mar 2024
Waves (WAVESUSD) Mon, 4 Mar 2024