WAVES has tested the .618 fib line 4 times... I feel like this is a strong base formed
The MA's 7,21, 77 are all still below the 231 which suggests it may be a bit of a wait and hold but I think it may be a good time to get in while it's cheap.
The 30 min graph shows 7, 21 and 77 MA's consolidated within the last couple of hours with 7, 21 going above the 77 (faster going above water over the slower MA). This is a positive sign for the short term trend heading upward.
Would love others thoughts and feedback on this! I'm learning :)
Also, if anyone can tell me more about how the RSI and ADX indicators relate to what I'm saying or if they are suggesting something different, please please comment as I would love to understand more about how these indicators work.
Thanks!
The MA's 7,21, 77 are all still below the 231 which suggests it may be a bit of a wait and hold but I think it may be a good time to get in while it's cheap.
The 30 min graph shows 7, 21 and 77 MA's consolidated within the last couple of hours with 7, 21 going above the 77 (faster going above water over the slower MA). This is a positive sign for the short term trend heading upward.
Would love others thoughts and feedback on this! I'm learning :)
Also, if anyone can tell me more about how the RSI and ADX indicators relate to what I'm saying or if they are suggesting something different, please please comment as I would love to understand more about how these indicators work.
Thanks!