With fear and panic in the currencies across the pond, why wouldnt silver rise big as it did today. If youre home currency was weakening double digits, you'd worry too. Physical Silver and Gold are being bought, while futures prices have remained in down trend all year.
Lez has lost two of his most important supports.
The support of $18.2 does not have the power to increase the price of silver.
I think it can see lower targets.
#SILVER #BTC #BTCUSD #LUNA #LUNC #UST
Finally looks like silver is basing and maybe setting up for a long trade.
Bottom digging in well, global economy in a tailspin.
61.8% fib retracement from March 2020 bottom. $18 resistance now support.
I waited patiently for this set-up, 10 months to be exact. I think my "long miners" has almost arrived.
Silver appears to be putting in a bottom right along the median line and lower parallel of two separate Pitchforks. (Larger Shot of both forks below)
Momentum showing some serious bullish divergence.
Not Shown MACD & RSI - Also showing solid bullish divergence.
Pending a breakout, I would expect that Silver rallies up the arc formation towards...
XAGUSD / 1D
Hello traders, welcome back to another market breakdown.
Silver has been trading in a down trend. However, after the target for bears as a 2nd leg down has been achieved, we have seen good buy signal bars for the bulls.
Bulls want to get a brekout from the trend line and head and shoulders pattern.
Checkout the chart for what I'll be waiting...
Hello traders , today i share my silver analysis with you .
i think that silver may be bullish very soon and here is why :
- We Have Weekly Candle Closed As A Hammer on a key support level
- Bullish Rsi Divergence (Lower lows on price higher lows on Rsi )
- We Have an Inversed Head and shoulders in the making
But We have a Trendline that must be broken for...
The upward divergence(RSI, week) has been confirmed.
Investors who expected the FOMC to stop raising rates in 2021 are selling their gold and silver holdings and converting it into dollars.
However, as UK bond purchase, several major country will begin to check the strength of the dollar.
The moment gold and silver are flying off will be the moment when...
Unlike gold, it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry.
Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's...
Okay plebs, listen up.
This is the chart I've been using to trade between precious metals and bitcoin, ethereum, and other cryptos. It is a custom chart, adding gold and silver with a modern ratio, doing the same with BTC and ETH, and pitting them against each other. What you get? A smooth chart that obeys technical analysis quite nicely.
And here we have a...
On the above monthly chart Silver has corrected over 35% since the year began. A number of reasons now exist to begin accumulation. Why?
1) A ‘incredible buy’ signal prints. See weekly chart below. Not since September 2018 has such a strong signal like this printed.
2) A strong Dragonfly DOJI candle printed with the close of July. This told us $18 was very...
Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...
İf you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
Fikirlerimi beğenirseniz veya bu...
The price backtested the 12H Bullish OB, wich is in confluence with the Golden Pocket.
The 1H Breaker retest is my entry.
Stop loss under the Lows, and OB
TP the Daily Bearish OB, with the 0.786 Fib.
This was my posted previous Idea, so I follow my Plan.