WAVES - Wait for a pullback

165
As with most cryptos, the WAVES token has had a great beginning of 2023, with a 95% gain.

We can see that an important resistance was tested (close to 2.60), but was quickly rejected.

Considering:
- Resistance mentioned above
- RSI in the Daily above 80
- A valid count for 5 impulsive waves

I would definitely wait for a correction to better understand the strength of this bull run.

A correction should at least test solid 2-2.10 support. Based on the identity of this correction, I´ll look for long trades.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.