Novonix limited- wait and see case

💎The price has come to a confluence of a trend line with the fib ratio of 0.618. The only wait is for some kind of bullish candle.
💎 The downward trend is the correction of a larger degree of wave 1. wave 2 could go further down.

🚩30ma has act as a downward trendline showing a bearish scenario if the price breaks the trendline.