Trading Fam,
Precious metals have all come down into more attractive pricing territory, where prices are being absorbed by demand. That said, Hycroft Mining should be a good play on this observation.
From a technical standpoint, price has settled at the bottom of a larger triangle, which seems to be acting as support. Additionally, my Pivot Zones indicator is showing that this is a buyer zone. Though we have not received a BUY signal yet, I am willing to jump the gun a bit on this one, seeing that it is in the buy zone as well as at a solid support, a great area of confluence.
I like this trade to the top of that triangle and might even hold a small portion once reached to see if we break through and go even further!
✌️Stew
Precious metals have all come down into more attractive pricing territory, where prices are being absorbed by demand. That said, Hycroft Mining should be a good play on this observation.
From a technical standpoint, price has settled at the bottom of a larger triangle, which seems to be acting as support. Additionally, my Pivot Zones indicator is showing that this is a buyer zone. Though we have not received a BUY signal yet, I am willing to jump the gun a bit on this one, seeing that it is in the buy zone as well as at a solid support, a great area of confluence.
I like this trade to the top of that triangle and might even hold a small portion once reached to see if we break through and go even further!
✌️Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.