Equinox Gold EQX trade1 Price broken out (uptrend)
2 Room to move above distance from moving average (unstretched)
3 Outperforming GDX (better than sector performance)
4 Upward momentum (tailwind)
EQX
A nice setup this is playing out to bePlease provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.
A cup and handle formation. Appears poised for the return trip up to the 12 dollar range. Take some profits (10-75%) and hang on for the ride to the moon. Hopefully get off before stop-lossing at 2019 low.
EQX trend lines#EQX/USDT
$EQX is at long term support and near descending resistance.
🐮 break out from descending resistance will head up price to resistance zone around $0.1 and potential to touch resistance zone between 0.5 and 0.618 fib levels of sing down.
🐮 also good fundamental news are coming soon.
EQXUSDT H&SAs seen in the graph, there is a shoulder head formation. Moreover, it remains stable on it. It can increase up to 2X. DYOR.
EQX / USDTHallo wieder.
The EQX project is fairly new and very active. They're making a lot of new deals. The price is still immature so backtesting becomes impossible. If BTC doesn't continue its decline, I think EQX will be priced in as well.
This is not investment advice.
Prost.
Falling wedge pattern looking to break outThe falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
looking to hit the ATH soon
Equinox Gold 30%+ Potential GainWith the inflation report coming out showing an annualized inflation rate of 6.2% now is a good time to purchase physical gold or gold stocks like Equinox or EQX.
Sector: Materials
Industry: Metals & Mining
Company Location: Vancouver, BC
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhao State; the Fazenda gold mine located in Bahia State; the RDM gold mine located in Minas Gerais State; and the Santa Luz gold mine located in Bahia State, Brazil. The company also hold interests in the Mesquite gold mine and the Castle Mountain property situated in California, the United States; and the Los Filos Gold Mine located in Guerrero State, Mexico. In addition, it holds a 60% interest in the Greenstone project located in Ontario, Canada. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
12-Month Price Targets
Mean: $10.60
High: $11.00
Low: $10.20
Expected Return: 30%+
EQX (Double bottom)Double bottom + Falling wedge = Super bullish
Don't buy in the red box
Best buy in the green box
Good for long-mid-short term
Tps - Up to you
No Sl - Pretty safe
NEW POSITION $EQX Target 9.57 for 27.94%$EQX Target 9.57 for 27.94%
Or double position at 5.39
Ok, another gold one... I think this is going to be it for gold for me in this cycle. But this one popped up on my screener so why not... let's give it a try.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
Equinox Gold setting base for an upward moveI believe Equinox Gold is valued much higher than current stock price, but I'm only following technical analysis here. This trend line has held for 18 months, and the swing gives indication for the volume of the coming upward momentum. I chose 1.382 of the previous swing to determine my target. I'm not confident about the target. I think time analysis will prove better method here. Also, the momentum for a launch upwards has not shown yet. I'm assuming it's going to be in a few weeks. So I'll be updating this as we go along.
EQX possible entryeqx weekly stoch bottom RSI at 50 , multiple higher lows on macro , suggests strong buy with commodity demand
