Pros in chart:
1) Price is making consolidation.
2) Divergence in daily TF
3) Price reacts to Fib 50%
Cons:
1) tons of resistance above like MAs, look at Ichimoku as well.
What should we do:
Personally, I think its better to wait and look at the price. Will it be able to break one of those yellow lines? If it breaks the upper one, and price hold 1.26$, maybe spring comes back to GNUS as well. If price breaks the lower one, new LL is coming around 0.4ish.
1) Price is making consolidation.
2) Divergence in daily TF
3) Price reacts to Fib 50%
Cons:
1) tons of resistance above like MAs, look at Ichimoku as well.
What should we do:
Personally, I think its better to wait and look at the price. Will it be able to break one of those yellow lines? If it breaks the upper one, and price hold 1.26$, maybe spring comes back to GNUS as well. If price breaks the lower one, new LL is coming around 0.4ish.
