We draw the line from last minor breakout, and see that since RSI fell back below it, the red line has been resistance.
On the price chart, teal line represents 61.8% fib.
So, in order for WAVES to reach higher prices, RSI has to break and stay above red RSI resistance line.
Also, when MACD moves above red line and CCI value rises above 100, then there should be enough bullish momentum.
On the price chart, teal line represents 61.8% fib.
So, in order for WAVES to reach higher prices, RSI has to break and stay above red RSI resistance line.
Also, when MACD moves above red line and CCI value rises above 100, then there should be enough bullish momentum.
