The exponential bull market in Bitcoin could helps this scenario to become a reality..!
1817-1790 could support gold from further sell off, 1790 is the most important gold support because it is equal to 200 SMA,
This is a technical analysis, not a fundamental..! Keep it on your watchlist in the next week..! Previously, after getting out of consolidation it has experienced a 395% and 900% + move! So far it has experienced a 112% after getting out of the last consolidation, I believe it is going to be the next EV maker hype!
This is not about fundamental, it is just about technical analysis! this company has only less than 78 million shares! now look at trade volume in the past 4 weeks! trade volume: 540 million, almost 7x of total company shares! gain 292% how far it could go? 15-19 USD could be the target if it is going to trade like this!
cup and handle is a reliable pattern and easy moneymaker!
After getting out of the short flag, it is now the time for testing the next resistance!
in the next 10 days, Bitcoin will get out of the wedge pattern and we will see a sharp move! but first, we should wait for it to get out and confirm the move direction!
Getting out of down channel makes it easy for Canaan to soar like a raging bull..!
This is one of the most volatile days ever for NIO, LOOK at the volume, 2nd highest ever, after a 4340% rally in 400 days!
If NIO could get of the quadrant channel, it’s share price could pass 100, technically! Fundamentally, 100 billion market cap for a company with 50 thousand car production so far, put a big question mark in front of it???
All traders must try to stick with reliable patterns that are repeatable! (Some people like messy charts, I don't)
Morning DOJI star at the bottom of the channel and touching one of the most important support levels makes kinross an easy buy for 20% gain. (R/R: 3.52)
This is a good time to add another 30% to your buy position..! If you are pyramiding, and add another 10% when it breaks the 20000..!
It seems Zoom is about to make a reversal wedge! Vaccine is coming???
It is possible for Bitcoin to experience lower prices between 14700-14800, where the support line and SMA200 could convince bulls to add to their positions! I believe by the next week, Bitcoin has a good chance to get out of consolidation and we will see another bullish rally.
Gold is about to test 1860-1850 territory once again, but it should rebound from them! The next important support would be 1790-1780!
wait for downtrend penetration! Huge potential, I did not find any negative point about the future of this company! But there are lots of reasons to have it in your portfolio!