GDX: Will you make it? 💪This is what we ask GDX regarding our primary scenario. The ETF has shown momentum in both directions: upward and downward. However, we expect the bulls to win this fight, pushing GDX above the resistance at $32.58 and into the turquoise zone between $33.93 and $35.57. There it should finish wave ii in turquoise and turn southward again, heading back below $32.58. However, our secondary scenario shouldn’t be disregarded! There is a 40% chance for the bears to triumph. In that case, we would have to wait for wave alt.(5) in yellow to expand first, which would then include a new low.
Miners
Gold Miners 2 Day TF I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate towards the 2050 mark.
UraniumUranium miners ETF on the Weekly chart
Massive bull flag, patience should be rewarded
- retracement of an impulse wave
-waiting for triangle break out
-countries moving back into nuclear power
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
Pan American Silver: Resurfacing? 🤿After it had initially been dragged back to the bottom of the blue zone between $13.94 and $21.88, Pan American Silver is currently taking another whack at resurfacing from its depths. By now, the course has managed to establish a new high since the end of wave (ii) in blue and should continue the ascent. We expect the share to leave the blue zone on the northern side, heading for the resistance at $40.11, which should be conquered in due time. However, there is still a 48% chance that Pan American Silver could slip out of the blue zone and drop below the support at $10.61, thus initiating further downwards movement below the next mark at $5.38.
Fresnillo: Easter Egg Hunt 🥚🐣🐰Has Fresnillo gotten lost, hunting for Easter eggs? We don’t think so! We rather understand the share to be swerving, interspersing its way with a little counter movement. Soon, the course should return to the main path and fall below both the supports at GBP 610 and GBP 456.60 to continue the descent. However, a 30% chance remains for Fresnillo to make a more extensive detour. In that case, the share would climb above the resistance at GBP 997 to develop wave alt.B in turquoise in the turquoise zone between GBP 1086.00 and GBP 1292.50 first before heading downwards again.
Trade Idea: GDXTrue Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher.
We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged.
Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis.
Gold is moving on fear and miners are lagging.
If gold softens up just a bit GDX will see a greater move to the downside.
First Majestic: Room for Maneuver 🤏First Majestic is still wading through the turquoise zone between $12.36 and $6.89 to finish wave 2 in turquoise. To achieve this, the course still has got some room for maneuver – at least until the bottom of the turquoise zone. However, it also might have already completed the current movement, thus continuing the ascent. As soon as that is the case, we expect First Majestic to climb out of the turquoise zone, heading for the resistance at $19.41. There is a 45% chance, though, that the course could drop out of the turquoise zone and slip below the support at $5.30. Should this indeed happen, the share should develop a new low in the form of wave alt.2 in green near $2.91.
Newmont: Flirty 😉Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier already. However, primarily, we still expect Newmont to turn upwards first to head for the turquoise zone between $67.68 and $80.84. There, the share should place the top of wave B in turquoise before starting a fresh downwards movement, which should then lead into the yellow zone and thus below $37.45. Beneath this mark, Newmont should complete the overarching descent in the form of wave (2) in yellow.
Fresnillo: Getting Down for Business 👇Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the turquoise zone between GBP 1085.80 and GBP 1292.80 to develop a new high in the form of wave alt.B in turquoise before moving southwards again.
RSS3 $0.000 051 | Google & ChatGPTs Best Friend All Star Cast .. think MATiC when it was at sub $0.0003 cents
a discrete project only the old guards of the space are on board
an indexer library of data information appllications etc. from decen to centralized sources
for everyone to seek VERIFiED by the network..
for now Ai Machine Learning is the THEME since The Register broke the news in Nov2022
next should be security or identity
but wait... those two may have a good run
until the SOURCE or RSS3 fixes that
SECURITY and iDENTiTY may be absorbed or play a minor role
since HACKING in the space happens quiet often during BULL RUNS
Crypto miners auto correlation with USD index.Cryptominers, as a rejection of a basket of currencies in favor of Proof of work /stake.
According to natural selection (yes, Drobyshevsky on evenings)
The most average, gray and not so big will survive. Not the best and not so progressive.
$DXY $CLSK $HUT $SOFI $MARA $UPST $HUT
MARA - Mother of all Inverted Head & Shoulders (Bear Apocalypse)Found a hidden Inverted Head & Shoulders on MARA long-term chart that will go down in history as "The Great Bear Apocalypse of 2022"
Watch BTC & Crypto charts closely for entry and ride this rocket into the sun
Keep in mind the BTC halving is in spring 2024
This Indicator is Screaming "BUY"! Traders,
I recently dove a bit deeper into the Puell Multiple indicator. In this video, I want to share what I have discovered. We'll discuss: what the Puell Multiple is, what it calculates, and how that calculation is made. We'll also closely examine what this valuable indicator tells us about the current Bitcoin price. Enjoy.
Stew
AMB BULLISH SCENARIOThe tech market suffered some losses while the USD gained against the major currency basket, last few weeks we can observe good catalysts on the hawkish Fed moves and future stability backed by again the Fed backing off the interest rate hike button, this might help make some more cash available. The rally is projected for the entire sector as well.
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