TREND ANALYSIS - 1D
A cross trend is retested!
After this retesting, a double bottom pattern is quite clear:
- Entry: 1717
- TP: 1867 (or 186x)
- SL: 1685 (or 168x)
TREND ANALYSIS - 1W
EMA 200 is a big support! Downing price came to 1689 then be stopped. As I talked above, double bottom is visible now. This is more evidence for above position.
BASIC...
TREND ANALYSIS - 1D
There are two resistants that silver needs to escape.
The first one has been jumped over, next TP should be around 20 - 21 USD.
In case the candle is closed upper 19.5USD, second TP would be around 25 - 26 USD.
CANDLE ANALYSIS - 1D
3 bullish candles => it should be a strong indicator that we may do a long position.
Dego has been accumulated a lot of times, now it is the best time to buy due to broking the down trend.
I added Fibonacci calculation to find the best TPs: 0.5 and 1 are quite well. Let's buy and pray :D
