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BARRICK GOLDBarrick Gold -$22.88 (+0.22%) Fundamental: More stimulus is coming. especially with the 2k checks trumps demanding, that means more real inflation (fed reserves are not inflationary, stimmys are! - last stimmy cost the gov 300 Bil . This time is a higher amount, for a lower income bracket, so its reasonable to assume about the same amount ~ 300 bill more). Regardless of the macro, boomers will pile into gold as a safe haven as a result of stimulus in the news. Regardless of the economy gold companies are doing fantastic! most companies factor a price of gold < $1600. spot has been well north of this, reasonable to expect amazing returns for this company's earnings . Very underbought now ( RSI sub 30 in november, currently sub 40 ). right now, its even cheaper making this a smart money play. Consider that Buffet had bought in august, and trimmed his position in november. what did he see? Now is the time for smart money to position. Technical: back at a stable support level of $22.75. price has been hugging the yellow trend line since Aug 2018. trust the trend, not the fud. note: gold miners follow the gold price. make sure to follow the gold price like a hawk. currently very sold since august, counter seasonal trends. if gold can break $1900, the bull trend will continue. end of a bull run or a bull flag? you decide, heres my chart:
NYSE:GOLDLong
by Jorji
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
2
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk
OMG- Semi-bullish zoneI expect near-term consolidation as there are some short-term resistance lvls that need to be cleared. Looking for momentum and volatility to pick up soon. Steady uptrend and the cluster of technical supports below current price lvl indicate that OMG is one breakout away from turning fully bullish. If BTC retraces again, it will be a perfect opportunity to accumulate some OMGS. Scale in slowly if you intend to market buy. Just my two cents. Not investment advice.
KRAKEN:OMGUSDLong
by Libratus
1
ETHEREUM EXPECTED TO BOUNCE BACK TO $568I believe the bottom is in for the correction that caused ETH to drop 22% In price. we shall start seeing the over sold bounce play on the the higher time frames. We should see an immediate bounce as the 4H Chart is in the overbought state with RSI bottoming out at 29. 21 Day EMA and 50 Day MA, will act as a small resistance at 541 on the way to complete this bullish rally which will complete somewhere between the 50 and .618 FIB Level.
BITFINEX:ETHUSDLong
by CryptoWhaleTrading
ZEC Falling Wedge Breakout Soon To Be Decided Big falling wedge pattern in ZEC/USD. $70 is key support level. Price briefly tested this area recently. Would make a great base for a huge leg up. In order to confirm breakout of the falling wedge we will need a candle body close above the light grey diagonal resistance line. Look for a retest upon break out but sentiment could switch to bulls quickly. Also we might have a golden cross on the daily candle, after xrp daily candle had a golden cross the following day saw a 50% pump . Interestingly, a 50% pump would take ZEC to the majorly anticipated resistance around $110. Most intraday timeframes are in overbought territory in Stoch RSI . What will ZEC do? (prob 100x in a year like BTC did after its first halving) Not investment advice.
KRAKEN:ZECUSDLong
by MitchMilli