There is hardly any analysis behind that... Simply random pattern matching (extrapolating pump waves into the last one). However, is it likely to happen? Maybe, if the circumstances were perfect... Huge BTC pump, then movement sideways for alt-season to accelerate. We would have to see some interesting projects appear on BakerySwap as well. It could turn out to...
Here is my trading idea of link/btc pair. There are some trendlines that I just follow, and some important fib levels marked, dont pay attention to it. I am looking at potential symetrical triangle break-out. Price target would depend on where we are actually going to break out. Share your thoughts!
It is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not...
I just realised that silver is in ascending triangle, which is bullish biased pattern. This could potentialy break out into downside, however I don't see how environment would indicate that. For the swing trade you should wait for break-out and confirmation before starting a trade. For a long-term store of value/inflation hedge this seems like not bad entry.
Cameco has been in this ascending channel for some time, which is confluencing with the multi-year falling wedge on the weekly candles. Possible price target would be around $59. At the current time of the market cycle, energy-sector performs best.