This is the one miner that has lagged against all others and I believe it's time is coming. Chart looks good momentum is behind it. During June 2023 SDIG energized the 2,000 Avalon 1346 mining rigs. They have a goal getting to 4eh/s by the third quarter of 2023. SDIG is extremally small compared to competition and considering it has revenue above its marketcap.
Miners are a short-term buy with no longer-term confirmation on harmonics. SSTIS is a confirmed buy with a fake bull, 2D MV chart is a confirmed buy with weak bullish internals. 2D MV fakeout chart is a clear fake bull.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This morning my team purchased shares of Bitcoin Mining Company NYSE:BTCM ...
Slowly but surely, Agnico is devoting itself to the current downwards pressure. Despite the occasional counter movement, the share should soon reach and break through the support at $31.03. Thus, it should arrive in the yellow zone between $19.10 and $10.08 to complete wave (2) in yellow. As soon as this is done and dusted, Agnico can turn upwards again, climb...
Miners are a short-term buy with a longer-term sell on harmonics. SSTIS is a confirmed buy and a fake bull as per moment. 2D MV chart signals a short-term buy with a longer-term sell with an inital MVO bear surge signal. It means we have a new confirmation in line with the setup on equities and dollar: miners are in a middle of a pop-up (few days) and the to...
There is a Bearish Butterfly on HUT 8 Mining with Bearish Divergence on the CAD pairing and it suggests that we may pull back to try to test old resistance as support before continuing higher later.
This gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the...
The Fresnillo-bears can announce a first success: Finally, the share has arrived at the support at GBP 610! Next, our furry friends should push Fresnillo below this mark to gather further downward momentum. Then, the share should also pass the support at GBP 456.60 to develop wave C in turquoise. However, there still remains a 20% chance that Fresnillo could...
Cameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011. Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates...
This is what we ask GDX regarding our primary scenario. The ETF has shown momentum in both directions: upward and downward. However, we expect the bulls to win this fight, pushing GDX above the resistance at $32.58 and into the turquoise zone between $33.93 and $35.57. There it should finish wave ii in turquoise and turn southward again, heading back below $32.58....
I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate...
Uranium miners ETF on the Weekly chart Massive bull flag, patience should be rewarded - retracement of an impulse wave -waiting for triangle break out -countries moving back into nuclear power None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and...
Which instruments behaves like Silver? Just have a look at the 90% Correlation to Silver. If you are bullish on Silver, you have to be on GDXJ as well.
After it had initially been dragged back to the bottom of the blue zone between $13.94 and $21.88, Pan American Silver is currently taking another whack at resurfacing from its depths. By now, the course has managed to establish a new high since the end of wave (ii) in blue and should continue the ascent. We expect the share to leave the blue zone on the northern...
Has Fresnillo gotten lost, hunting for Easter eggs? We don’t think so! We rather understand the share to be swerving, interspersing its way with a little counter movement. Soon, the course should return to the main path and fall below both the supports at GBP 610 and GBP 456.60 to continue the descent. However, a 30% chance remains for Fresnillo to make a more...
Analysis Pitchfork. Priced is at the median. Targeting forks top Fibs: extending range to 1.236 Target the confluence at $38.18
On the Monthly Timeframe, Bit Digital is Bullishly Crossing over on the MACD and has Confirmed a Bearish 3 Line Strike which could most likely take it back up to make atleast a 50%-61.8% Retrace in the coming weeks.
True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher. We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged. Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis. Gold is moving on fear...