Sunday morning rain is falling 🌧️, $APTY chart time. First look will be daily. Previous supports become resistances, and this is a textbook example. Our original run took us to .0185 high, came back and found support .0093-.013 area.
We cooled off MACD and RSI, ACC/DIS stayed relatively high showing strength. MACD bounced off signal and RSI turned up bringing us to a high of .025 area. After sellers took profit the cycle begins. Comes back to our previous support area.
$Apty This support area, shown in blue parallel line/blue circle area, showed strength and caught our baby. The ascending blue line is MA50, a strong potential support line when a stock is coming down to test it. MA50 combined with previous support proved strong.
$APTY thats where you would re enter/re-add after seeing the stock top at above .02 and taking some off the table. Further, it slipped slightly below support but met great buying pressure proving the stocks strength.
SOO, where does this leave us with $APTY. Well, we are still in support area, and it has held .012 relatively well so far and is beginning its ascent for the next run. Obviously the market is fluid but this gives us the ability to make a plan and stick to it without emotion
$APTY the orange line shows how we will, after confirming support, head for .025 area now. Once there, watch strength and the indicators. Following the trend we should go above that area then come back down to it for support. Look at weekly chart for next resistance area >.025
$APTY weekly shows us (previous resistances become supports and vice versa) we may head for .0275-.04 organically, but with news this may go higher (pink current, stable-coin release, apple lawsuit?). MACD looks like it is going to test signal line and bounce, RSI in a great spot
$APTY Finally, we end with daily like we began, think of timeframes as a microscope, get a better idea of the big and small picture. MACD is currently bouncing off signal line, similar to late june area run to .025. Acc has stayed high. RSI is curling up as per green circles
$APTY "Get to the point!!!" Well the point is we are close, and with 2 of the 3 stages complete to get pink current combined with the technicals, I think we are VERY close. I am not going to make a price prediction, no guarantees but this should help paint a clearer picture