coryhughes

coryhughes

Likely path for helium. Long term extremely bullish.

coryhughes

This is the simplest of patterns, so I really wish people would stop with the dramatics already. Since we hit the 14k datapoint Ive been right about every long term call. This is going to stretch on for another 9 months to a year and will break out.

coryhughes

We might be out of the woods as far as bottoming out on the long term uptrend. Odds are were gonna bounce off the mid-term uptrend. If that's the case, you could say the breakout began in mid-December. Ive been waiting for hype like in 2016 but Im starting to think the push to $100k and up will come from a selct few wealthy investors, not the general armchair...

coryhughes

It is what it is.

coryhughes

and don't forget your booties cause its cold out there...its cold out there every day.

coryhughes

This is the same chart I made like 4 or 5 months ago. Nothing has changed. The 14k data point gave us everything we need to call the next 2 years. $5100-$5400 by new years. August 2021 the pennant completes, so buckle up for a rough ride till then.

coryhughes

We momentarily broke the short term down trend but the rejection at the last levels of support tell me 5000 price range still coming in the next few months. Vegas conferences maybe a factor in hype but nothing has fundamentally changed.

coryhughes

Bigger picture patterns always dominate.

coryhughes

This long term pattern isn't going to change until we either have a breakout, which there is no reason at all to believe we will have one, or we hit the completion of the triangle in August 2021. Further, this chart indicates we never left the bear market. The 14k pump had no rhyme or reason to it. It was great for allowing this pennant pattern to finally form and...

coryhughes

I made this a couple of months ago. Pattern has held. Unless we have a break out in the next year, we have 2 years almost exactly to complete this triangle. This puts a potential low by years end in the mid 4000s. Not saying thats gonna happen, but its always a possibility.