Break below 56K and BTC will go to the upper band of her massive downtrend channel (37K) Right now BTC is holding in a narrow uptrend channel. If BTC enters again her massive downtrend channel we could see 5-6K in a few years time.
I have two major and possible scenarios. Both of them are bullish. The harmonic butterfly pattern on the monthly will allow it to continue climbing. In case that a correction is made, only more time will be needed. Just watching the downtrend line to be broken out. Probably two years to see a real move.
Looking at Cameco Corp, my guess is that we are going to see a pullback to cool off and later resume the uptrend. Uranium is bullish but it needs more accumulation to break out. Both URA and Cameco probably hit my uptrend lines. Cameco around 33-34$ and URA around 23-24$ My bet is that energy stocks which are invested in hydrogen and uranium will do it very well...
Looking at its chart we can see how bullish Cameco is. However, a lot of work must be made to double its price. Because of that, my TA is telling me that I have to wait more to see a confirmation of the uptrend. This is. I see a possible retest to 33$. However, as you can see the trend is bullish as far as 33$ is not taken out. The measurement of its previous...
Cameco will probably retest its uptrend line. For me, I will be watching if 33$ to enter. I see a good entry point at that price range because I think a retest will be seen to resume the uptrend. Fundamentals: With global governments intensifying their fight against climate change, many are quickly realizing that if they want a carbon-neutral future, nuclear...
12.51 euros could be the best buying entry. Major support and possibly that Enagas is heading there. Enagas is in a clear downtrend, so no rush until it is broken. Great company for long term.
This is my strategy. I have measured the H&S and its price range give me a price to 12.51 euros. There are two major resistance: 13.54 and 12.51 euros. A month ago my price target to buy massivaly was 13 euros. I am still thinking that 13.5 to 12.5 euros is a great buying opportunity. Enagas is betting for hydrogeno. It has changed since Russia war. Long term is a...
Head and shoulder range points to that area to bottom out. Besides it is in a bullish rising wedge. Until it doesnt break out its upper band (as of today is 15$) I see my target to buy quite possible within three months