Quick trade on WAVES/USDT: Double Bullish Pattern by toofasteddie

hive-126009 · @toofasteddie · Oct 22 '20

$5.70

Quick trade on WAVES/USDT: Double Bullish Pattern

I don't know which pattern is more bullish, the W pattern or the Inverted Head and Shoulders one which WAVES is showing on the 4-hour chart.

According to the W-BOTTOM pattern, we can identify both bottoms, being the second slightly lower than the first which used to be the ideal setup.

![image.png](https://files.peakd.com/file/peakd-hive/toofasteddie/VPwIpSRN-image.png)

Also, we have seen, the price action has broken the "Neckline" of the W-Pattern getting, for the moment 75% of the projected target which is 3.492 USD.

Actually, as soon as BTC started to pump up hardly the past 2 days, we could also see that WAVES was also sold for BTC, as the majority of altcoins but, in this case, what we get is a nice formation of another Bullish pattern, the **Inverted Head and Shoulders**.

![image.png](https://files.peakd.com/file/peakd-hive/toofasteddie/RAQ6tu33-image.png)

It is not the most typical "shape" since the Right Shoulder rebounded on an upper bottom in comparison with the Left one but the price is really "knocking" the resistance in blue a few times and I think there is a high likelihood of breakage now.

The projected target for the **iHS** is 4.24 USD (= +35% of the current price).

As usual a proper stop loss is always necessary.

![image.png](https://files.peakd.com/file/peakd-hive/toofasteddie/Wv8JgLM6-image.png)


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I'm sharing only my quick trading Ideas here, not financial advice at all ;-)

@toofasteddie

**Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.*



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properties (23)vote details (140)

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ctime	838,475,454,394	5%
steemtelly	6,765,972,126	26.43%
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kryptogames	50,110,950,645	10%
blockchainfo	2,768,194,897	50%
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dappstats	3,635,477,556	15%
enison1	5,732,127,099	100%
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javb	483,964,432	20%
crimianales	7,527,092,804	99.74%
toni.pal	0	1.15%
bilpcoinbpc	3,526,314,910	35%
drew0	621,310,039	5%
cornavirus	6,158,700,973	90%
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dknkyz.leo	826,582,259	50%
resiliencia.leo	3,256,510,040	100%

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