I like this opportunity. They are located in Silicon Valley with offices located worldwide and have been operating since 1991. The 50 SMA has crossed over the 200 SMA on the weekly chart and it appears that the price is finding a bottom and wants to catch up to that crossover. Its a slow mover so it should be choppy and take some time but even if it doubled here...
This has so much potential to crush all time highs and never look back but the expensive mining fees to mint NFTs is making me think this can come back down hard near 2500 before it gets there. The NFT game is calling for crazy mining fees even at off peak hours so its hard for an entry level average joe to get into that space where their art doesnt yield much....
Check out this monthly chart on Macys. Given their nostalgic name, their ability to survive and even post profit through the ongoing pandemic, and the load of shorts still left in the stock I think it can eventually rip to all time highs. The 50 SMA is curving up towards the flatter 200 SMA and the PPS is slowly rising above the 50. If we can make it to $40...
It looks like volume is starting to gradually increase on average over the weeks. Combine the hold of the bottom trend line with its increasing popularity thanks to the coin's advertising and it could fly. Once it gets over all time highs who knows where it can end up. I like the nice big recovery pop over the last few weeks too.
