We can see a nice symmetrical triangle on the daily that has been forming for about 55 days. If traditional markets continue upwards, then I suspect WAVES will break out. Albeit this potential pump 'may' be a corrective pump in the bear market, it still presents an excellent trade opportunity!
On the daily we can see that price has been ranging between $5.65 and $6.45.
The idea for this setup is to take a long from daily support in anticipation of a breakout.
Best of luck traders!!!
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