Waves
Long

WAVESUSD: First time above the 1W MA50 in more than 1 year.

WAVESUSD crossed above the 1W MA50 for the first time since April 18th 2022. With the 1W time frame turning neutral (RSI = 48.860, MACD = -0.216, ADX = 28.633) this should be treated as a first indication of a long term trend change but will get validated only if the 1W candle is closed above the MA50.

We will go long on that signal and will target the R2 on the long term (TP = 6.55000).

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