APTUSD Overbought but huge upside potential.APTOS (APTUSD) is having a very strong 2-day rally, having hit today the 0.382 Fibonacci retracement level since October 23 High, while forming its first ever Golden Cross on the 4H chart, which is when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line). By doing so, it even broke above its 1D MA50 (red trend-line).
The 4H RSI shows that this price action is extremely overbought currently (88.000) but the 1D MACD at 0.0, rising from as low as -1.500, indicates that the upside potential is huge. As a result it is best to buy APT on the next pull-back. That can either be on the 4H MA50 or on the 1D MA50, which is headed to its Higher Lows trend-line since the December 29 bottom. The technical targets the the upper Fibonacci levels with the 0.5 (6.7000) being the first.
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