peter_jackson

peter_jackson

see chart notes.

peter_jackson

Looking at SILJ (Junior Silver Miners) on a weekly candle basis, we can see that we are respecting the current arc that has formed since August 2020, silvers high. This looks really bullish from a technical level. We just need to make sure we can exit this arc at around $17 and resume the upside to a target of $19.70.

peter_jackson

Current price action broke the arc to the downside. This may end up being a false breakout. We will require a quick reversal back up into the arc if this is to be. If not, then we have a rising 50 day MA and a support around the second green circle.

peter_jackson

We are getting squeezed into the corner between the arc and the 50 dma. We must break out otherwise possible big downside if arc is broken.

peter_jackson

Just a quick update on the charts nothing much changed. Following my projection at the moment. Anything can change though. Long term super bullish.

peter_jackson

Price movement respecting the arc. As long as we stay inside the arc we are safe from drowning!

peter_jackson

Providing we hold support in the current zone, then I would like to think that we are going to move up and test the resistance line, bounce off and then try again. This time should break and progress to the $2400 sometime in Q2.

peter_jackson

Looking for $1860 to hold before we bounce up to ultimately break this downtrend channel.

peter_jackson Updated 

Price action looking to complete the right hand shoulder pattern. If we do complete this and not breakdown further, we are going back to the 2020 ATH and on target for a run to $2500 - $2900.

peter_jackson

We had an unexpected breakdown yesterday and I have redrawn the ADA chart. Its still bullish under a rising wedge/trendline scenario. I am still looking for this to break the $0.37 resistance line.

peter_jackson

We are in a compression phase on ADA price. Looks like we want to break to the upside within the next 7 days. Busting through the $0.37 resistance line will be crucial. Still looking for ATH to be smashed by end of Q1.

peter_jackson Updated 

Possible head and shoulders set going on for CFD GOLD. Once second shoulder completes, we should be up and away to a new ATH. It's going to be a game of patience with this market.

peter_jackson

possible scenario brewing up in Cardano (ADA token). If we can move up convincingly from the current bull flag and hit the $0.37 resistance level then we may make the ATH next year (June 2021) along with BTC. Fingers crossed.

peter_jackson

Silver tracking my path nicely. Heading for the $26 price target, then a probable sell off back to $21 former resistance level. Lets see

peter_jackson

Break out from the short term correction. Target USD 20-21 over the next two weeks.