20-day SMA crossing 200-day SMA around April 13th and the 50-day SMA crossing it around the 23rd. Both very bullish signals. With a break upwards we can see resistance at the $0.12 level, and breaking above that the next resistance is $0.18. If it breaks down, we have strong support at the $0.07 level.
I believe we will see the $0.12 resistance level tested when the 20-day crosses the 200, followed by a short retrace down to around $0.10, and then another test of the $0.12 resistance when the 50-day crosses. I believe the second test could easily break us upwards to $0.18, but we will see.
DYOR.
I believe we will see the $0.12 resistance level tested when the 20-day crosses the 200, followed by a short retrace down to around $0.10, and then another test of the $0.12 resistance when the 50-day crosses. I believe the second test could easily break us upwards to $0.18, but we will see.
DYOR.