A very interesting pattern has formed after a very strong recovery in Silver (XAGUSD).
We are now in consolidation mode within a rectangle pattern. High was reached at 29.80ish followed by a retracement and double-bottom formation suggested for a re-test of 29.80 area. Old high at 29.80ish was even topped by a higher high at 29.99ish.
Higher highs show strength...
Bitcoin/USD is forming a upwards triangle formation. Reversed 3 times already, now about to do it the essentail 4th time. Short bearish move till 14300 ahead, followed be retest and possible bullish outbreak at 15500 levels.
ETHUSDT is about to reverse for the essential 4th within the triangle formation. Given a break-out from USD 174, target of at least USD 200 is reasonable. If it fails to break to the upside, drop to USD 140 is unevitable.
USDCAD has successfully confirmed buy signal in RSI. This provides short-term upside to 1.36 levels until end of April 2019. Stops can be placed just below 1.34.
