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GOLDMINING INC (GOLD) Ready for Next Rally? (+34% Potential)Hello fellow traders, Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink). Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has just given off a bullish cross. Additionally, we have increased volume coming in with prices moving up. All of these signals are bullish. The key levels to watch here around $3.40 and $3.60, past which, prices can easily jump. On the chart, I have marked the three likely paths using arrows that prices should approximately follow. Depending on the level of resistance ahead, primarily at the $3.60 level, prices may either jump or correct back down and continue trading in this wedge. A potential entry zone now would be $3.10-$3.35, with a second entry around $2.75-$3.00 if prices break down to the next support level. An immediate target would be at them most recent highs, around $3.80 (+14%). A breakout past the most recent high could launch prices up to the 1.618 Fibonacci level, at around $4.50 (+34%) in the short-to-mid term. A stop loss could be placed in the $2.50-$2.60 range to be safe, however I am not using one as of yet because my entry was at $2.94. Keep your eyes on this one! Let me know your own thoughts and comments down below. Remember to leave a like if you enjoyed, and check out my profile for more stock and cryptocurrency trading ideas. Thanks for reading! Price at writing: $3.24
TSX:GOLDLong
by PS_TopDollarInvestments
5
#BHP - 1D Timeframe - US ELECTION OPPORTUNITY - WIN-WIN?POLITICAL AND MARKET CONTEXT Specialized on silver production that is a basic raw material of photovoltaic solar panels. Renewable energy consumes up to 30% of world silver production. If Trump wins, price of metal might still rising due to his monetary (inflationary) policies. If Biden wins, BHP will be a huge player as a raw material supplier of a possible boom of Solar and renewable energy TECHNICAL ANALYSIS. 1D TIMEFRAME. Historical support on $46.80 - $47.70 range. 4 clear rebounds on this level over last 15 months (yellow rectangles). March´s COVID-19 meltdown was the only time that this support was broken. Last week this price range was tested again and showed quite strong even with a high seller volume . This time we've got MA200 assisting as double support just above Fibonacci´s 0.382 level. Strategy: Monday and Tuesday sessions are crucial to confirm rebound on support pointed out. Specially with the high volatility and bear forces we might expect for this week. If price resist this level and cross MA200, we´ll be able to open a long position with a target of $58.55 (+21.5%).
NYSE:BHPLong
by aoberninger
G88 gearing up for some big moves anytime before Christmas GoldG88 is riding above the well respected 100SMA after crossing above for the first time in July this year for a long 2 years. I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner. Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From there on I expect 13c will be the first stop. Option 2 - We get a rejection and fall below the rising trend and drop down to test previous 5c support. Accumulating a healthy holding of these guys but making sure to keep a tight stop loss set. Markets are volatile at the moment... Plenty of money to be made but make sure to secure you're profits and not get too cocky.
ASX:G88Long
by XXXXGoldHunter
1
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects. Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below. Bullish: Cup an Handle Formation Bullish Market Structure Trending above the 20MA RSI trending above the 50 level Cup & Handle target aligning with other targets TB Fib Extension Final Target aligning with other targets Fib Retracement .382 aligning with other targets TB Fib Extension Target 1 looking achievable on the break Bearish: 2 levels of support are indicated if we fail completion and reject off resistance. Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus. Watchlist worthy. Disclosure: Held. Sentiment: Bullish. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
PLong
by Trader_Johnni
1
PI Daily chart/Free Mining Sleeping Gem. Massive # of users!Here is an overview of the PI project looking at the daily chart. Year to date we have seen a lot more adoption and some serious price action as a result. PI is interestingly the 4th largest cryptocurrency by NUMBER OF USERS. This sets the playing field for large-scale adoption and we can see in the price range over the last 6 months a gain of over 30,000% from it's low in April 2020. PI is being released in three phases. The first phase, the one we are currently experiencing only allows accumulation of shares by using their app to "mine" the currency. Downloading the PI app is simple and I found it to be very intuitive. You have the ability to invite others to each gain a small benefit in terms of the number of shares you receive per hour. All it requires is a check-in once every 24 hours to prove you aren't a bot, its extremely simple and you can even have the app remind you when the 24 hours has passed so you never miss out on rewards. Also, if people you have invited are inactive, you are able to "ping" them to notify them that they need to open the app and simply press the button to begin earning again. Unlike Coin, a similar app which rewards XY Oracle tokens or even BTC/ETH if you saved up truly massive amounts of the currency, the PI project is simply in it's first phase, where the miners receive the tokens as rewards simply for checking in once per day. Following this phase there will be a traditional ICO, and phase 3 looks to get PI listed on some of the large exchanges such as binance, coinbase, abra, kraken etc. Looking at other projects that become listed on these large exchanges we often see decent rallies. We all know people need to buy and sell in order for the price to move, so what makes me so confident that the price of PI will be worth the hassle of the app? It's simple...with so many people utilizing the app and participating in the ecosystem we are really setup for a launchpad once it becomes easy to purchase, swap, sell, and store. I personally will be HODL'ing all the shares I can. If anyone is interested in checking the project out, you are welcome to use my referral code " JayP420 " to get a boost off the bat and begin earning more than the baseline .20 shares per hour. This of course helps me as well but I want to be clear that I have no affiliation with the company, I am not a financial advisor, and I simply see this "sleeper project" flying under the radar. Whether it remains fractions of a penny per share or shoots up to hundreds of dollars, profit is profit. I highly recommend that crypto enthusiasts and people in general should take advantage of this easy passive moneymaking opportunity while it is still available. To join in on the project and expand its userbase even further, just follow these simple steps. 1.) Download the PI app on any smartphone 2.) Use the referral code JayP420 for a boost right off the bat for both of us 3.) Check in once every 24 hours to prove you're not a robot 4.) Profit!!! And the best part is they promise it won't be a drain on performance or battery life unlike COIN, which led me to need a new smartphone when my battery would no longer hold a charge. All that mining for 28$ worth of XY oracle tokens which I have yet to be able to cash out as they are not listed on any major exchange. The new phone cost significantly more than what I made mining with COIN. With PI, I can check in once a day, shut it off and forget it! AGAIN, I AM NOT A FINANCIAL ADVISOR AND I HAVE NO AFFILIATION WITH EITHER COIN OR PI, THIS IS SIMPLY MY OPINION. Looking at the explosion after this project began seeing more users than ever joining in on the mining, we saw a huge 30,000% rise in price since April. Joining the app is easy, free, intuitive, and a great way in my opinion to introduce people to mining/crypto in general. It's free passive income with such a low barrier of entry it's essentially non-existent. Even my 76 year old father was able to install and use the app without any trouble...he is even inviting friends of his to join in with his referral code! This is how we get the project out there and see it's user base grow even larger. With more users daily and an ICO in the works, this could really be an explosive hidden gem. Having shares weighted at 0$ can only help you when dollar-cost averaging. Good luck to all of you and hopefully we will see this project continue to grow in size as well as bring new users into the crypto space who are looking to make easy passive income without the barrier of entry of essentially any other coin. Just download the app and begin making money! -CryptoSavant
P
by bitbybit247
1
Time to go long on Eurasia Mining Company PLC.Now is a great opportunity to enter a long position into EURASIA MINING COMPANY PLC (EUA). I have been in this company since January at 3p per share with an average share price of 18p per share. I see nothing now but a green light to really ramp up on my long positions. The company is currently under negotiations in a possible buy out with suspicions of a bid per share of 75p being declined. The deal is suspected to be in the final stages. Level 2 data suggests that the current price action and volume is ahead of a possible news announcement or leak with over 1,689,984 shares exchanged in the last hour of trading.
LSE:EUALong
by KraaZ_
DE GREY MINING RUN TO CONTINUE?DE GREY MINING (ASX:DEG) has just had a much needed rest. After 8 months and +3000% increase its well deserved after its Pilbara WA "Mallina" Project surpassed 2.2Moz Gold Projection. Sitting 50KM south of one of the most ideal ore exportation capitals in the Southern Hemisphere (Port Hedland WA) it's easy to see why De Greys is going from Strength to Strength, and they haven't even scratched the surface with multiple Gold anomalies yet to be fully explored. Technicals: Area of Interest approaching... Fib Retracement Golden Pocket Near, recently broken .382 level. Uptrend Intact. Has already hit Major Trend Based Fib Retracement target previously for +170%. Healthy retrace almost complete IMO. Ichimoku still intact and Bullish. MACD starting to round anticipating the turn BUT not confirmed. RSI starting to flatten having just crossed the 50. Stochastic indicating oversold region. Approaching MA50 looking for reaction. Some Fundamental Highlights.. Mallina Project quickly turning into Tier 1 Project +2.2 Moz Gold Deposit. Project location among the best in the World. Stable Cash Runway + $28million CASH (30 June 2020) & Debt Free. With such a rapid growth it's hard not to keep an eye on the rising star De Grey Mining, BUT I'm more interested in future projections of Gold consumption and what this means for the Sector. With global demand predicted to rise by 2.1% annually and Australia set to be the No.1 Gold Producer in 2021 it's a good sign for the Domestic players with production set to rise by 9% 2020-2021. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!!
ASX:DEGLong
by Trader_Johnni
2
EBON (EBANG makes BTC Mining Hardware)EBON (EBANG makes BTC Mining Hardware) This will go up but what puzzles me is that it's competitor has a lower price and it is still dropping - both EBANG and CAN should be the same price and the y both will climb but both are finding that price as i write this. I am hopeful we will have a longer chart in the future with more to see. Once the BTC price jump everyone will wonder what these mining companies do - they make mining equipment and i would think they also are mining bitcoin so they will be profitable.
NASDAQ:EBONLong
by altcoinnerd