UPDATE: Pan Africa hit the target at R.475 - Do we sell?Well this analysis took forever.
The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023.
If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs...
However as a share and equity investor, this position would have been the perfect medium term trade.
Sometimes, when I project such large targets, I think of just going back into equities.
Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs.
So, keep to the trend until it bends...
Uncle T out.
PAN
#PAN Monthly chart looking very constructive for bigger moveThis has to be one of the best looking Gold mining stocks you are going to find. Since 2008 it has consistently moved higher, something not often see in this volatile sector. A well-run operation and the chart proves just that.
As this is a monthly chart, the time on this is more longer-term in nature but I think It's not a bad stock to put in the bottom drawer and forget about it. With gold looking likely to blast above $2000 in the next few weeks or months, this stock can be a massive beneficiary of such a spike in the gold price.
Chart has been in a solid uptrend with an increasing >50 month ma, higher lows and looks to be consolidating now with a sold base at R2.80-R3.00. It has also bounced off the uptrend from 2018 and also seems to be forming a triangle formation if you looking at closing prices. Triangles are generally bullish continuation patterns with an expectation for the next move to continue in the direction of the preceding move which is up. Comments on the indicators can be seen on the chart and also supports the constructive price action.
All in all - I think this is a great setup for a medium-longer term hold.
VET/BTCDirectional Bias: Bullish
Pattern Type: Non-Directional
This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom. The uphill run phase is after the breakout. For this type of formation to be analyzed an arithmetic scale will need to be used.
Volume description: Volume is typically high at the beginning of each phase and decreases throughout each phase.
Measuring technique: The price target is the descending trendline drawn across the hihgs in the lead-in phase.
Stellar up The mission of the Stellar Development Foundation is to create fair and balanced access to the global financial system. The new launch will support the network’s mission by connecting Stellar-based businesses to develop an efficient and cost-effective Pan African payments system.
Also, TEMPO CEO Suren Ayriyan expressed his excitement about the partnership with Flutterwave to provide services to Africa. He emphasized that its customers across Europe will now be able to easily send funds to Africa. Consumers can send money to their loved ones or conduct businesses in a faster and cheaper manner. Speaking further, Ayriyan noted that the money transfer company hopes to continuously collaborate with Stellar. According to the CEO, TEMPO hopes to provide cheap, secure, and swift global money transfers to its new and existing customers.
Covid vaccine play 🚀🚀🚀VBIV CEO Baxter said on a feb 5 2021 podcast that human trials were to begin in the next couple of weeks for their single dose monovalent covid vaccine vbi-2902, which received $56 Million from Canada to produce a vaccine. Today moderna announced forecasted sales of ~$18 Billion just from covid vaccine sales. Once VBi announces initiation of human trials for the ph1/2 study planned in Canada, I’m expecting a sizeable move to the upside.
Cup and handle - handle retraced to FIBO 618 retrace net which is a nice area to see bounce. I see potential to test The previous high of $6.98 as perceptive advisors did not sell any shares after loading bigly sub-$1 prior to that run which was over 1000% incl trade for them. This shows they expect SP to move significantly higher or fhey would have sold a percentage to re add on dips after that massive run.
With all the catalysts in 2021, GBM treatment with eVLP , SCI-b-vac and hepB therapeutic, pan-corona vaccine and this single dose vaccine, I see no reason why this can’t be double digits by year end.
Please like and follow! 🚀🚀🚀🚀
Disclosure: not investment advice as I am not a financial advisor. This information is to be used for educational purposes only.
Once again a coin to "hodel": PANA very short info about Pantos alias PAN.
Pantos is the answer to an increasingly fragmented digital currency market. It is an open-source, open-innovation driven research project, bringing all major blockchain platforms closer together, which will set new standards for decentralised cross-chain token transfers.
Most importantly, when you invest in coins, longterm, you must read the white papers and try to gather as much information as possible. On the Pantos page you can find all information in English and German.
So far all promises were kept, which is an extremely good sign.
You could trade PAN now on Bitpanda, but from 2020-08-19 you can also trade PAN on HitBTC.
This will generate a lot of volume in the near future.
I think it is still possible to get Pantos for a good price the next days.
One of the best things about the listing on HitBTC is that you can now trade directly via Tradingview.
For me a clear candidate to "hodel".
Inform yourself!
Frying pan pattern in BTC?This may be a variation on c&h leading to a new support building level
In that case, looking for new yearly high within a few days.
Dropping below the handle at 3682 probably means lower to test near 61.8% retracement around 3300-3400.