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ETH—Time Has become CrucialETH has had 2 weekly closes below 3000 This is not too surprising nor should it be an end all be all indicator, that determines whether the bull run in BTC, Alts, or both, is coming to a halt or resuming With that being said, time appears to be getting important, as 3 weekly closes should certainly be concerning. Here we can see an intact trendline from multi-year lows all the way to more recent lows, until it just recently retested. Additionally, most volatile, and aggressive moves from from a flase breakdown, which washes out week hands one last time. -After hitting strong support at 2150, and dropping nearly 30% in hours, ETH QUICKLY recovered the entirety of its loses within a day. -2150 has several levels of strong support and a further array of support/former resistance levels with 25-50$ -Time is important here—I expect for ETH to make a beeline to 3000 early next week and definitively close above 3000 on the weekly chart, signaling the resumption of the altcoin bull market in earnest. -If this does not happen, I would say there is a cause for concern, and something is very wrong. It is also important to note the Bollinger Band crash on the weekly chart when 2150 was tested. The last time this exact scenario occurred, ETH rallied back well above 3000 in a short period of time. Comments appreciated thanks
COINBASE:ETHUSDLong
by Commodity_TA_Plus
2
LUCMF Asymmetric Trade PossibilityLuca Mining Corporation high reward:ratio — multi-month swing trade Here we have an asymmetric trade potential on LUCMF. Price has broken a long term downtrend and seems to have been creating a reversal pattern in the form of an inverse head and shoulders, as many silver miners are currently doing. This same pattern is not only present on most miners, but on the silver futures or spot charts themselves, in which silver has already broken out of; seemingly following the exact pattern of gold, in the handle portion of its cup and handle In this sense, it is safe to assume the miners are lagging silver in such a way that silver has been lagging gold — same exact pattern just slightly late to the party — this gives traders a “second chance” at catching the move in which silver is currently completing — in the miners Long term target: $1.65. Speculative entry point — any price above .45 in case of a false breakout Conservative entry point — any price above the neckline breakout level (you can adjust this lower according to your risk tolerance as many smaller cap miners often produce false breakdowns) I suspect there will be a false breakdown after seemingly confirming the breakout, which may warrant a liberal stop loss according to your personal risk preference
OTC:LUCMFLong
by Commodity_TA_Plus
Levrage During this Metals Bull - finding the next Newmount?Relatively safe ways to gain exposure to leveraged plays in the form of mining companies. Many established miners are way too unbelievably low with current metals prices. Here we look at the technical perspective on why I am bullish on these cyclical mining stocks and why they could yield outstanding returns - which is to say now may be the time to scale in before they catch up to precious metals prices. FSM ASM SBSW
NYSE:SBSWLong
by Commodity_TA_Plus
1
SHIB/USD Trendline BreakoutSHIB/USD is showing signs of a trendline breakout above the resistance level at **0.00003997**. A confirmed breakout and sustained price action above this level could trigger an upward rally. Entry: Above 0.00003997 in weekly candle Stop Loss:Place below the breakout candle or trendline (depending on your risk tolerance). Targets: First Target (T1):0.00005216 Second Target (T2):0.00006705 Final Target (T3): 0.00008697 Key Notes - Ensure proper risk management as cryptocurrency markets are volatile. - Look for volume confirmation to validate the breakout. - Monitor for potential retests of the breakout level for added entry opportunities. Would you like any chart or graphical representation of this analysis?
by commoditystockmarket
1
Today was "THEE" tell-Silver's Artificial Price Cap IneffectiveAfter a 2 week rally in the DXY, silver, and even more so, gold price were nearly unaffected. As i suspected last night, mild weakness in the DXY could trigger a massive move in silver - this suggests the artificial suppression of the metal via the futures market is being overwhelmed by worldwide physical purchases, likely leading to a short squeeze if my prediction played out. Follow through on Monday will likely confirm this and is a huge bullish signal. After just a 1/3 of a percent drop in the DXY as it hit its head on the 200DMA, bullion banks could not touch silver, suggesting a failed attempt to suppress price and potential short squeeze underway. I am looking for 40$ silver within the next 3 weeks of a DXY decline, possibly into a left translated DCL Please watch for more details
COMEX:SI1!Long
by Commodity_TA_Plus
WBA Sing Trade UnderwayWBA seems to have completed the breakout of the Inverse HS bottoming and trend reversal pattern I discussed last week. If entry point was at close yesterday, gains are 6+% Take profits as you feel comfortable. Ultimate target upon completion of pattern yields a price target of approx. 10.50. If trend reversal is a long term chance of character move, reaching the 200DMA for a gain of 50-85% is not out of the question. Taking half positions off the table is not a bad idea. Please watch for details
WLong
by Commodity_TA_Plus
1