I see bullish divergence, uptrend when the price is above the moving average, if not, it's still a downtrend.
The price of an asset moves above a resistance area after a buy signal, I hope to see higher than $230.
Mention the Elliott wave principle Traders like to trade on the 3rd wave, I think we're on wave 2 and it's coming to an end. The base is at the red line, should not be below this line.