XAG Silver has crossed my breakdown trigger fib fan line and rebounded sharply. I'm going to be watching to see if it closes above the breakout line with a downside fake-out, or if it will close below that breakdown line.
AMEX:SLV Possible Scenario: LONG Evidence: Price Action, Inverted hammer candlestick, money-flow TP1: 22.5$ TP1: 23$ when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ Call options 17th Sep, Strike 24$ *This is my idea and could be wrong 100%.
too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.
Seems like SLV may be bearish and this looks like a perfect entry at the retest of the neckline. Thoughts?
Traders, I expect prices to push lower below $22 in the next few days. We are currently working wave 4 (Triangle pattern) I will enter short once price breaks below BD line, I expect some volatility on silver and Gold as well Please like and share your analysis good luck
COPX took another hit today and lost +4% which is a little surprising considering Max Pain this Friday is $37... maximum-pain.com Expecting a turn soon. Probably starting next week after some more pain and fear... Indicators appear to be looking for a turn on the daily, and Volume is drying up on this leg down. Potential selling climax on July...
1. R1 $21.90, R2 $22.50 2. S1 $20.85, S2 $19.50 SLV has accelerated its fall from $23.00 and the price is trying to break back above $22.00. Given the current overall market condition with SLV on a correction trend, for warriors wanting to catch the bounce, can enter at $20.90 with a take-profit target of $21.90, stop loss at $19.95 (a must have to DT). For...
cfd's on silver is the way 1:21 r\r wave 3 target = $27.5
There's been some divergence in the miners for the first time since silver broke down from 28 as we're trading at the 618 range low - high. Notice the demand and supply at this level since Q4 last year - a lot going on here. Zooming in on the 4hr: For short term traders this is a decent long spot. The 200dma is 26 - so it would need to reclaim that for a more...
Silver is forming a 12 month Ascending Triangle Pattern, a break above resistance will signify more upside.
silver is poised for a major run into next year i'm thinking to $100 but not before this final trap. swinging silver to around $30 is my plan, shorting it once it hits $31. this last liquidity hunt from $31~>$20 should be the last one before our run of the decade. in confluence with my btc idea as well. who ever is behind these moves is a total...
Just buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio. RRR 5.55 TP @ 31.9 which is resistance slightly below the projection of triangle...
My count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer. See chart for general price and wave predictions. Waiting for confirmation that Wave C is done. Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail...
Good day. For those who follow me remember I took some profits in silver at "d" The price is now at a good point for "e" if this is a contracting triangle as it appears to be. Watch closely for price action soon that suggests a reversal. As always process your way.
To me, it looks like a swing failure low. As long as it holds above that previous low, could be bullish for silver.
on the cards. HEX token is likely to show considerable outperformance against the rest of the #crypto market due to the launch of #pulsechain likey in August and a sacrifice phase to last 17 days... possibly starting this week.
Similar situation as with GLD, silver is still accumulating and might go a little deeper. Good for holding long-term. 90% BUY / 100% HOLD Estimated PO $45