WAVES 1D
Price is now in the area of the trendline resistance where multiple rejections have already happen in the past. A rejection might send price to the $1.41 again & make a new all time low or a breakout might lead to a high as $5.
Price is now in the area of the trendline resistance where multiple rejections have already happen in the past. A rejection might send price to the $1.41 again & make a new all time low or a breakout might lead to a high as $5.
Price has tried to go past the trendline resistance, with a high of $2.3480. This is in range of a Pivots Daily R1 Resistance if you plot it on the chart and will look like a fake-out viewed on a higher timeframe such as 4H. If you shorted on the trendline itself, that would have been a 7% price movement as of now.