Consolidated above previous resistance, and it seems ready for a move higher. Leverage to improving outlook in Nickel price is one motive factor.
It will likely remain within the broader uptrend and could break higher at this point.
TP $6.90 upon breaking resistance at $5.34 This looks ripe for a break through resistance. If not, then a small retrace before doing so.
This is appears to be a Pennant continuation pattern after breaking positively from the previous consolidation. I view ZEN as a long-term investment and ultimately a dominant player in the privacy coin space, and as such it offers value at these levels. As unique from other privacy coins, ZEN offers end-to-end encryption.
The Au/Ag ratio is an important metric for gold investors. $723: Gold price week ending 2008 - 10 - 13. $1883: Gold price week ending 2011 - 04 -18. That's 260% gain within 3 years. A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060). Nothing is for certain, but a price...
AU/AG ratio correction seems likely within the next few years
Inflection Point: Nice easy up trend line. More news flow will help educate the market and keep uptrend in tact. Some more marketing from the company would be helpful.
The Falling wedge pattern has broken on good volume, which is positive indication for a continuation of the uptrend.
I see the Chinese Govt crackdown on Ethereum ICO's as making a tremendously bullish case for Neo and Gas - being the authorized Chinese equivalent. Crypto volatility offers tremendous reward for those willing to "buy the plunge".
STORJ is undervalued relative to peers. Downward momentum is dissipating, and an inflection point seems close at these levels. Expect a a move up to/above previous trend in due course, but will wait for higher volumes, and clearer reversal of down trend.
Gold closed the week above the pennant consolidation pattern, after putting the hammer down on the uptrend line, which is the 20 day moving average on the 1 day chart. Momentum thus maintains upward trajectory, and in my opinion, which will be clearing USD 1300 this week. 100 day and 50 day moving averages have closed the week above the 5 year downtrend line.
The recent price action in both XMR and Dash suggests recent influx of institutional capital in BTC has moved behind the two biggest or most widely accepted privacy coins. Further support in the price may occur once XMR is listed on Bithumb: www.coindesk.com "South Korean exchange Bithumb is soon to launch trading in monero may be in part responsible. That...
GNT. Long. PT 1800 by year end, settling around a 500M market cap.
Last week Gold opened and closed above the 5 year downtrend for the first time. This week we've had a nice bounce off this trend. Once the moving averages close the week above this trend, we should have a clear indication.
Buy at support. Positive divergence on MACD. PT 8K. Plenty of news flow to come.
Downtrend broken. At 40c you are paying for cash backing, recently bouncing strongly off this level.