ECR has a market cap of 60M, but their Chimo mine is coming out with a valuation anytime now showing a resource of 2 million plus ounces of gold in the ground and going rate is $150 per ounce = Valuation of $300 million. Plus the mine shaft is already in place, next to major road, and has electricity, so they could fetch more. Plus, next mine Benoit has similar...
Parallel trend lines work for long term and short term trading. You can see support and resistance. Try to make your own parallel lines on shorter term charts so you can understand when is a good sell and buy point.
DNN just bounced off long term support trend line. At about $1.00, good price to buy. Uranium will be one of the best performing assets this year and into the future. With the Texas power grid failure, nuclear will be a good bet.
This is a huge base it's forming and if it holds, we could be looking at a moon shot. But it depends on what big Papa BTC does. If not, look for support at 1.07, .95, .85, but hopefully these are not in the discussion.
Looking at the 30 minute chart, ADA crossed the downtrend line, retested it and held. It then held horizontal support at 1.20. The 50MA is about to cross above the 200MA which is bullish. MACD and RSI are trending up, too. Looking like ready to go to the upside.
It all depends on BTC holding as you probably already know. With that said, you can look for good...
ADA crossed the downtrend line and I had buy orders in at 1.18 1.20 but it might not hit. It could go down but I'm comfortable buying here at 1.23. When it's at $8 or a lot higher it's not going to matter.
We may be looking at BTC already retesting 47k on this longer chart and we could be looking at support at 37K. Keep an eye out as we could be forming another bear flag if it doesn't bounce to 47K and stay above it. 47K is key.
Traditionally I would sell ADA at 1.22, give or take, but with Elon tweeting about Cardano, and seeing how DOGE went up 12X or whatever and being worthless, I could see ADA doing a 20X from here. Hey, but I'm an idiot so don't believe what I say.