flippedman

flippedman

Expanding wedge forming, fake breakout below lower support and some flattening positive divergence on RSI? Recent price action in Gold and silver has been positive. Will it hit end of orange line by Feb 2023?

flippedman Updated 

I use PHLX as a tracker for the PM mining sector in general. Many other mining stocks are channeling upwards and while we're currently consolidating I would expect a continued move upward to the top of the channel. We've already tagged the lower channel line so as long as it stays within the boundaries the move upwards continues.

04:54

flippedman

CDE analysis (in USD) We've recently had a breakout of horizontal resistance at $9.22 and it looks like we'll be heading towards $14.50 soon. We're already above the 52 week highs so I think this should happen in short order.

flippedman

SILJ has been flagging for the past few months ( as with metals in general). We have what appears to be a breakout. RSI also appears to have broken out as well - perhaps watch for a back test of the resistance and a move to ~$25 in the next few months.

flippedman

DXY has retraced to the 61.8 level - I think it's down from here. We have an expanding wedge which, once I think it leaves it, it's further down. I believe this happens much sooner than people think.

flippedman

HL currently backtesting 2-month resistance. Will it stay above? Watching until end of the week for confirmation.

flippedman Updated 

This correction has certainly been difficult to deal with. I've outlined two possible scenarios, though I lean more towards the bearish one. If SLV breaks the multi-month (magenta-colored) support line, I'd say we're heading down towards th e~$17.50 level where there is also a volume-defined base. However, if the support holds, we could get a "W" shaped ST...

flippedman

AG hitting the bottom of the channel. A move to shake out the weak hands. As long as this support holds we should be good.

flippedman Updated 

BTC on the weekly has been compressing for awhile. After a fake breakout to the upside and a failure of MACD to break above 0 (on the Daily), I don't think we're going any higher. Using Fib extensions and major support lines, I think we're in a bear market for the next few weeks (months), hitting $6550 for a bounce (yellow support line) and if there's continued...

flippedman Updated 

Palladium price action about explode outwards and upwards from the multi-month pendant that's been formed. Fundamental short supply/healthy demand coupled with technical positive RSI divergence and strong pendant pattern indicates a strong move to somewhere between the 1.618 and 1.786 Fib levels.

flippedman

I believe gold/silver corrects down about 10.90% before resuming uptrend. Using XAU to track the PM sector. As you can see, XAU has hit some resistance at the highlighted fib ring and looks to correct down to the starred area. There is quite a bit of confluence there technically speaking and fundamentally as well with that point in time being one week after the...

flippedman Updated 

Rolled back over into pendant. However, RSI is still in bullish uptrend if it can hold. Also, there is a recent 13/34 MA crossover. Look for recovery with initial target of 1190 followed by 1300 sats.

flippedman Updated 

After a long bull run, Palladium had a much needed correction. Upward price movement could resume soon to escape the bullish pendant or it could test 200MA (roughly 61.8 fib level) before leaving the pendant.

flippedman Updated 

Current uncertainty regarding economic strength (recession fears) and central bank action - the precious metal sector should benefit. First Majestic has been channeling for quite a while though it's poked its head through psychological 6.00 level recently. The hope in the next few months is to break out of the identified channel where it could meet resistance at...

flippedman

HOLOCHAIN recently broke out of a bullish flag pattern last night for a roughly 20% gain. Props to those who jumped on this, you made a nice little profit. As of the time of this writing it is struggling to break past 27 sats and is hovering around 25-26 sats. My prediction is that it will fall to 55MA before possibly resuming an upward trend. But it needs good...