Waves has quite a few strong buy signals on it currently.
There are bull crosses on the Stochastic RSI as well as the TRIX.
Directional indicators on the ADX are moving inward. That is another bullish sign.
Additionally the past few daily candles have closed with wicks on the bottom which tells us that despite the selling pressure there were more people ready to buy in which suggests we could see the continued momentum onward from the daily candle in progress.
Continued price action through the first psychological resistance at 57k could lead to a breakout and we could see an extension on the Fibonacci near the .382 fib level.
Moreover the Kijun would be acting as support. I suggest watching for an upcross of the chikou span as confirmation of a breakout.
There are bull crosses on the Stochastic RSI as well as the TRIX.
Directional indicators on the ADX are moving inward. That is another bullish sign.
Additionally the past few daily candles have closed with wicks on the bottom which tells us that despite the selling pressure there were more people ready to buy in which suggests we could see the continued momentum onward from the daily candle in progress.
Continued price action through the first psychological resistance at 57k could lead to a breakout and we could see an extension on the Fibonacci near the .382 fib level.
Moreover the Kijun would be acting as support. I suggest watching for an upcross of the chikou span as confirmation of a breakout.
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