Waves is very close to its original trendline,
Making this a simple trade.
The opportunity here could be to buy as close as possible to the trend line.
A break of this trend would mean a stop-loss.
The chance of bouncing back up on the trend seems larger.
A lot depends on bitcoin, as bitcoin is now also very close to the bottom of the pennant.
If bitcoin would break the pennant to the downside, a continuation of the downtrend can be expected.
Making this a simple trade.
The opportunity here could be to buy as close as possible to the trend line.
A break of this trend would mean a stop-loss.
The chance of bouncing back up on the trend seems larger.
A lot depends on bitcoin, as bitcoin is now also very close to the bottom of the pennant.
If bitcoin would break the pennant to the downside, a continuation of the downtrend can be expected.