XLM is currently trading around range low marked on the chart.
My Trigger plan for this is a breakout of the falling resistance and a relaim of the 2021 Low. This would mean a deviation of the 2021 low and would be bullish imo.
My targets are market o the chart are are essentially the Mid range and Range high.
If it dosent break out above the falling res and...
The bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back...
I have witnessed much consternation on Twitter over the last months and weeks about how Copper, a critical industrial element, continues to decline in price. All the while, like most other metals, the exchange vaults are being raided of thousands of tons of physical spot, which futures markets need to back short positions.
One would think this would result in a...
appears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
DXY deviated range high on lower timeframes.
CPI data came out at 8.3% so seen the last flush (maybe ) into the doller. I think its topped short term and will cool off.
But charts will lead the way here.
If it cant reclaim the range High il look for long in BTC also for a short term trade.
Today Japan announced a policy shift on Nuclear technology.
Deep Yellow, a mid cap ASX listed Uranium company looks to be forming an Inverse HS.
Aggressive entry - 75c
Invalidation - 65c
Target - $1 - 1.15
I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.
$UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.
First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.
Then longer term over the...
this is also not a prediction but a plan for the long side of this trade.
BTC is currently holding the R2-H, if it gets above the and hold's that Green S/R level, breakout of falling resistance and gets above EMS on 30 min chart and 1 hour chart, That's will be the trigger for a Long to Range H, Target 1 and Target 2
We are in for a rollercoaster, rampant inflation, quantitative tightening, interest rate hikes, supply chains up-rooted, aggregate demand killed by mortgage rates/energy costs/cost of living crisis (global recession inbound).. don't see how this doesn't go down to 3000 / possibly Covid lows.
Buys: Uraniam, LNG, Solar/Wind, Fertiliser/Potash, Litigation firm
On the daily chart UROY which is a uranium royalty play
is at a three month long. Outlook is good when energy
costs are rising and uraniums is widely considered
more green than Oil, natural gas and other CO2 producing
The RSI Oscillator is in mid-range. Within the past
few days, a high spike of buying volume is noted.
A Doji candle...
Uranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.