Silver break out like gold?could we see silver breakout like gold? We broke to the upside of the wedge and are retesting the top
Silverlong
SILVER long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Silver is on a buy signal until July 27th.Silver got a strong close above 17.80, which was a point to look for according to my cycles. It is on a BUY signal and the cycle is up until the 27th of July. Furthermore, following my observation using studies of William Gann - Silver never traded on a bearish price angle since the March crash, which is important to keep in mind.
In the last trade I made a crucial mistake with my sell stop and it was caught exactly and the price didn't go any lower, this is typical for Silver traders to have their stops caught this easily, since the market (these days especially) is very volatile and experiences periodic washouts without influencing the main trend.
We can expect the price to reach 18.60 by tomorrow, 19.0 by the end of this week and 20.50 in the period of the next two weeks. Also, once the price reaches 19.0 it will be safe to add on to your position, since it is an old high (once crossed much higher prices will be reached). The stop loss in this case is manual. However, a CLOSE below 17.55 will cancel the BUY signal (temporarily).
This idea will be updated and commented by me in case of adjustments. It will be closed once the PT is reached or once the BUY signal is cancelled.
If you have any comments/ideas/points of criticism - please do write it down below, I will be happy to discuss.
Update: Still Bullish Silver still has a long way to go! 2 key resistance levels to keep an eye out for(#1, #2) & Silver is still current within a rising wedge(#3).
Something To Be Consider: There is a good probability that Silver might repeat what happened in March due to another Economic shutdown of Businesses so set your STOP LOSSES just to be safe! BUT... Silver will recover just as fast so no reason to cause 'FUD'.
Enjoy The Profits Guys :D!
Silver bullish ScenarioHello Traders,
Today we'll take a look at silver on a 2 hour chart. Personally i think we are still on a bullish trend, i see a possible triangle formation as wave 4 or a double correction (WXY) I expect market to go about 19.560
Thanks.
Silver .... more glitter ... ???Weekly trading Range....
Last Close : 17.750
Bounce back zone : 17.404 and 17.267
Expected trading range : 17.997 to 17.404
Breakout above : 18.0460 bulls in control
Bullish view negates below 17.000
Hi Ho Silver!!!Silver historically has followed gold so according to this chart we should see a massive spike in silver over the next couple months... Past performance is not indicative of future results but this is as close as it gets.
Silver hits and fails to break the area of strong support. Silver got rejected and did not break the line of support and is already rebounding. RSI shows a potential up move as well. The near term price target is around 18.40. Keep a sell stop just below 17.60.
🤔 Does Silver & Altcoins Share The Same Patterns? 💰 LET'S GET INTO SOME SILVER & TOTAL2 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Comparison Study)
The top chart is total2 which represents the market cap for altcoins in the cryptocurrency market on a monthly timeframe. The bottom chart is silver on a 3 month timeframe. We hear a lot of the time how bitcoin is the digital gold and I found it funny to identify a potential comparison for the alts to silver, which is like gold alt. Notice that crypto does move in faster cycles compared to traditional precious metals. I thought It was funny that both are compressing in almost the same sideways range after a major correction for the first initial all time high run. Just thought I'd share this outlook and think it shows a brighter future for both assets once we breakout of this range for the next run. Would love to hear what you think about the comparison.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
Discovery Metals - Great Silver Explorer to WatchBreakout of the $0.7 resistance signaling the continuation of the uptrend.
Pitchfork levels work perfectly with this configuration.
Fresnillo breakout!Fresnillo is now off to the races to 1065 before it hits the next resistance level. I would then expect to go back up to 2016 highs once silver breaks out of its descending channel.
Fortuna Silver Mines - Long Term PitchforchRSI & stochastics are positive.
This is a great long-term play to get leverage from rising silver prices.
Silver for 19... Buy limit 17.77Silver for 19... Buy limit 17.77
Stop 1740 with tp towards 18, 1830 and 19.
question for silverwich pattern is stronger, most probable and compelling?
1) the so-called short term head-and-shoulder figure
2) the called mid-term inversed head-and-shoulder for shoot at 21 \ 22$
3) or this enormous accumulation of frustrated accumulated potential energy of this exact level about to break up this long multi-years cup,
hum?
Personnaly of bet for big cup of tea:
I say time almost there for shoot at 25 / 30$
cause things are going to get real serious, everywhere
not just inside speculative investment tribe
SILVER long trade ideaplease take a look at my last analysis on silver (link attached below!), the price was reached our final target and here's my newest idea for this pair, enjoy! don't forget to use proper risk management & do your own research .... good luck!
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Silver at a key zone... Bounce to the upside soon!!!Silver is resting at the bottom of the channel and unless we break below we are going to see price try and test $18...Hopefully this could be a sniper entry and we could see it make a new high. That is what I am leaning toward due to our current macro environment
SILVER D1 12 JUN I am looking for buying opportunity
as I always say , in this market I am just buyer
do not forget USD is weak so looking for buying in other pairs
SILVER long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
