An idea based on Fibonacci and symmetry.... would like to hear others thoughts on this?
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...
OMG has been consistent with a bullish trend since the beginning... the recent bump up to an ATH is still sitting in the trend. I see ascending triangles... the ones surrounding the larger spike being smaller. This could indicate a head and shoulders pattern... beware OR it could mean a continuation of the ascending triangle trend once we have the next...
RSI < 60% 7, 21 & 77 averages converging for the 7 & 21 to finally come above the 77 DI 30up vs 14down TENX appeared to hit its bottom at 0.00078100 around 19th Aug. could the above + current graph mean it's finally finished the correction? Maybe due a leg up in the next couple of days? Would love to hear others thoughts...