AS you see in the picture the silver broken the trend line of the wedge pattern . I think it will go down next hours.
The confirmation comes from the RSI indicators which appeared negative divergence with the price.
the people who predict that the bitcoin will reach to 20000 from here made me crazy . may be it's a good chance but there is no indication that the up move begin.
The price is moving in a sideways direction in a triangle pattern in a long term downtrend so the probability is much more to break the lower side of the triangle.
Please Don't buy now when the bitcoin...
If you followed my last article about EURUSD I thought that the EURUSD will target 1.1440 to continue the Shark pattern .. But I don't think that now because the up move is weak.
EURUSD pair enter selling zone now it's near the upper side of the down-channel and near PRZ of the Shark pattern the selling is better than buying it.
- USDCAD is moving in small potential inverted head and shoulder pattern in a large one as you seen in the picture
- I think it's a good opportunity for buying and I will trade it.
- if you want to be more secure you can wait until the price break 1.3240 level which is the neckline for the smaller head and shoulder.
If the EURAUD back again to 1.5860 territory it will give us a great opportunity to buy until 1.6030 at least to complete the shark pattern.
in the previous analysis we predicted it's move .. you can see it from here
1. If you want to see the previous analysis please click here :
2. the price complete the bat pattern so it may make a down correction next hours.
3. I will not buy or sell bitcoin now ... but if I choose between the two options I will sell because we are still in a downtrend...