The stage is set for a battle at $0.7 Decreasing MACD setting up for positive momentum shift towards 1 fib with increasing strength
Level to surpass short term to continue uptrend is $1.717 If not could easily see retest $1.10's
Possibly heading for a retest of $0.608 before heading towards 1 fib line Break through of 1 fib leads to $1 test
We touched the $0.608! Let's see what is in store at $0.6918 resistance
Short term correction before we continue the path forward
MACD on 1D chart is setting up for bullish cross If we can stay above 0.45 next retest could reach 0.6
In addition to dollar cost averaging, we're setting up for a nice trade If we can dip below 0.4 again begin buying process (preferably closer to 0.37) Best case scenario would be a test of trend line near 0.34, stay liquid for opportunity!
Multiple tests of boundary between Android and Apple. Rising technical inputs lead to stronger attempts
As we gracefully drift to the first test, a gentle transition onward and upwards would be welcomed
Apple: We need to 'break out' of before we could consider our new target Android: Short term could see us retesting zone low Microsoft: Initiate buying process post 0.4-0.39
-Support around $0.40 providing the foundation -We could follow weekly trend slowly down, testing the yearly trend line -Most bearish scenario of testing trend from Nov '20 -Bullish reversal of trend could lead to retest of all time high even low $0.70
-Potential bearish scenario retest trend line near $0.23 -Potential bullish scenario to retest trend line near $0.72
-In terms of percentage gain from the March '20 lows to current trading levels $PENN mathematically returned 3000% -BTC/USD trading pair on BITSTAMP for same time period has a rough return of 1100% -If not aware, see link for information on the Barstool Fund www.barstoolsports.com
- Appears to be long term trend line from ATH through late November '20. - Resistance also near .5 fib extension level. - Potential test next MACD cross
From late November '20 we broke through the $0.45 level and even had a strong test of the new support prior to the Dec 23rd reaction to the SEC lawsuit.