Textbook bull flag developing on Riot Blockchain. A daily close today above $52 is a confirmed breakout. Next week the breakout is at $42. Target for the pattern is (high - low of the flag) + the breakout point. $79.50 - $16.75 = $62.75. If confirmed this week = 62.75 +52 = $114.75 price target. If next week $104.75
Bullish ascending triangle breakout on the weekly chart. Price target for the pattern is $5.75.
The handle is almost completely formed. It is time to BUY. break out on high volume I would add to positions
Bullish ascending triangle forming on silver on the weekly chart. The price target is $48.55.
Gold completing a very natural ABC correction off of a wave 5 upmove on the weekly chart. This is a good area to build long positions. Outside chance it hits $1710
Silver broke out last week of multi month resistance on the weekly and daily charts. Target should be new highs. Only thing that concerns me is that it is nearing a Demark 13 week sell signal. Which comes in this week
A bullish pennant continuation pattern has formed on ripple on the daily chart. A breakout above $0.60 on high volume will be confirmation. Price target for the pattern is $1.06. This is a textbook setup, high probability trade
Large multi year bullish ascending triangle breakout on Monero this week. Target is $165
Resistance on the weekly chart was $0.2815 this level will now act as support for higher prices.
Lisk broke long term downtrend on the weekly chart. The monthly chart shows an inverse head and shoulders bullish pattern. $1.50 was resistance for months, it is now support.
Silver broke out of a huge multi month basing pattern on massive volume. Last weeks trading volume was the equivalent of 5 years worth of production. The resistance was $19. I expect it to cool off here as August is a cyclical weak month. It will probably retest the break out level. Long term very bullish set up.
Make or break time for ripple. Its at long term down trend resistance and is at the 200 week MA. $0.2815 is also a critical long term resistance level. If it can close above there, the trend has flipped to long term bullish
Make or break time. Ripple is at long term down trend resistance and at the 200day moving average.
Silver traded 704,000 contracts this week. Thats the equivalent of 3.52 billion oz. The total yearly production for silver on the planet is 27,000 tons or 864 million oz. So in one week 4 times the annual production for all the silver on the planet was traded? And we are to believe that its price isnt manipulated? Come on. Eventually the rig will be over.
Long term multi month breakout confirmed, we broke above the green line with a healthy retest. It is now confirmed as support. Likewise the 200 EMA on the monthly basis is holding each time it was tested since 2015. Resistance was at $17.40 on a monthly basis and that has been eclipsed. $22 is my target for 2020. Look for Silver to outperform Gold in Jan and Feb...
Rare Element Resources broke out three weeks ago of a large multi week ascending triangle bullish pattern. The price projection is $1.00. Triangle high minus low added to the high = $1.00 The entire sector is bullish with the United States military and government trying to establish non Chinese sources for the metals.
XRP completed a Demark sequential and aggressive weekly buy pattern. It is also at long term support at $0.1890. Low risk buy entry can be made on a weekly price flip at current value of $0.2310. Or scale in with 1/2 position size at these levels and the rest at $0.2310 Sell stop is $0.15