Waves offers a good buying opportunity here, but only if…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.formed a break in market structure and took a turn toward the bullish side over the past week as the bulls managed to drive prices past a crucial resistance.

The first was the $4.7 zone, marked in cyan. It saw a bounce to $5.28 in August but gave way without much of a fight a week later. This marked the area as an important zone of supply and a bearish order block. At the time of writing, it looked likely that WAVES would continue to swell upward from the nearby support zone. To the north, $5.28 was an area that bulls can look to take profit at.

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