as we can see here getting above 0.5 will be really difficult but not impossible I've seen crypto go trough worse . But according to this analysis we should still go down a couple of times and retest this range a lot to get all te sellers out.
let's talk about worse case scenario . I've only been giving the best possible outcomes but if things go south we can see another drop of 12% before getting close to some decent buyers... It is still going to my estimates and still has to recover all of it the only question is when and can the portfolio maintain enough margin to last that long. tbh we don't have...
silver is still very oversold. and seems to be slowing down it's drop . we have to see what tommorow's fomc minutes info gives before we see any big moves .
gold seems to also have bounced around the same time as silver and is also struggling with it's own selling orderblocks . unless we get a big volume depending on news up it's going down tomorrow.
not sure why my previous post didnt show the buying order block but hope you can see it here .
As we can see it bounced with decent volume but now struggles again withing this range with very big selling orderblocks it will come down to 23.223 before trying it's next move up
commodities are struggling . So silver is no exeption it's currently being supported by a small buying order blocks. It still has to completely recover the range it has lost the only question is when.
there some serious buying power in the 1922 range .
so unless we get some bad news about debt ceiling or other dollar crashing news in wich gold volume would increase tremendously we are going to that range to see other highs
gold is going trough a lot of selling order block pressure causing it to slow down.
It has to recover the complete range it has dropped and is forming a reverse head and shoulders. sellers are losing power volume has also been dropping .
