{"id":275282,"date":"2024-04-01T15:41:30","date_gmt":"2024-04-01T10:11:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=275282"},"modified":"2024-04-01T15:41:30","modified_gmt":"2024-04-01T10:11:30","slug":"scco-should-rally-in-bullish-sequence-and-remain-supported-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/scco-should-rally-in-bullish-sequence-and-remain-supported-crypto-news\/","title":{"rendered":"SCCO should rally in bullish sequence and remain supported – Crypto News"},"content":{"rendered":"

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Southern Copper Corporation (SCCO) engages in mining, exploration, smelting, refining & processing of Copper, Molybdenum, Zinc, Silver, Gold<\/a> & Lead in Peru, Mexico, Argentina, Ecuador & Chile. The company is based in Phoenix, Arizona, US, comes under Basic Materials Sector & trades as \u201cSCCO\u201d ticker at NYSE.<\/p>\n

As shown in\u00a0previous article, SCCO expected to extend higher, while dips remain above $42.42 low of II. It broke to new high & erase the momentum divergence, confirming the upside to be (3) of ((3)) as the nest structure.<\/p>\n

SCCO \u2013 Elliott Wave latest weekly view<\/h2>\n

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It placed I at $83.15 high & II at $42.42 low as flat correction in weekly sequence ended in September-2022. Above there, it ended ((1)) of III at $82.05 high. Within ((1)), it placed (1) at $49.41 high, (2) at $45.17 low, (3) at $78.76 high, (4) at $66.47 low & (5) at $82.05 high ((1)). It corrected in ((2)) as 0.382 Fibonacci retracement of ((1)) at $64.66 low.<\/p>\n

SCCO \u2013 Elliott Wave weekly view from 8.07.2023<\/h2>\n

\"Chart\"<\/a>\u00a0<\/p>\n

It placed (2) of ((3)) at $68.93 low & favors upside in (3) of ((3)) of III as it broke to new high in weekly. It expects ((3)) to extend towards $104.39 \u2013 $128.93 area as next possible extension. Currently, it favors upside in 3 of (3), while placed 2 at $77.14 low. We like to buy the pullback in 3, 7 or 11 swings at extreme areas to resume rally.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Southern Copper Corporation (SCCO) engages in mining, exploration, smelting, refining & processing of Copper, Molybdenum, Zinc, Silver, Gold & Lead in Peru, Mexico, Argentina, Ecuador & Chile. The company is based in Phoenix, Arizona, US, comes under Basic Materials Sector & trades as \u201cSCCO\u201d ticker at NYSE. As shown in\u00a0previous article, SCCO expected to extend […]<\/p>\n","protected":false},"author":2,"featured_media":69399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,605,246,257,800,307,1431,255,250,252,247,253,249,256,254],"class_list":["post-275282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-chartpatterns","tag-coin","tag-cryptocurrency","tag-elliottwave","tag-equities","tag-fibonacci","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=275282"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275282\/revisions"}],"predecessor-version":[{"id":275284,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275282\/revisions\/275284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/69399"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}