SILVER Sell SignalPattern: Ascending Triangle on 4H.
Signal: Bearish after the 1D Resistance is being tested for the 3rd time (possibility for a Triple Top).
Target: The 4H Support levels (14.900, 14.760, 14.630).
Silversignals
SILVER Two Sell TargetsPattern: Channel Down on 1D.
Signal: Bearish as long as the Lower High sequence holds.
Target: 14.400 and if the price bounces back to the resistance then aim at 14.250.
LITECOIN = The Silver of Cryptos?Since it's Crypto/ Commodity comparison week and I saw the great interest the community had on my Bitcoin/ Gold comparison, I thought I would try another one.
As I was crossing charts I stumbled upon this one: Litecoin and Silver. As with BTC and Gold, the time frames are different (1W for LTC, 1M for Silver) as Silver is a traditional commodity used commonly for centuries.
What is undeniable are the striking similarities between the two charts:
1st Bull cycle with aggressive parabolic rise. More than -90% bear market decline. Long term consolidation. Less aggressive 2nd Bull cycle. Today.
*Note that this idea is intended to highlight the similarities between the two and nothing more.
Would you argue that Litecoin is the Silver of cryptocurrency? Let me know in the comments section!
BITCOIN - GOLD comparison:
SILVER Buy SignalPattern: Channel Down on 1D.
Signal: Bullish as the inner Lower Low trend line has been touched.
Target: 14.900 (estimated Lower High).
Gold longer term high probable bullish setupGOLD, soon next 2-3 weeks gold will start its seasonal bullish movement for longer term. while usd suspect down mid of May.
SILVER Trade the break outPattern: Falling Wedge on 1D.
Signal: Bearish if the pattern breaks downwards, bullish if the pattern breaks upwards.
Target: 14.500 is it breaks downwards, 15.350 if it breaks upwards.
SILVER Buy SignalPattern: Ascending Triangle on 4H.
Signal: Bullish after a Low was made.
Target: 15.5000 (the 1D Resistance).
XAGUSD (Silver) Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as last week the 1D Channel Up made its Higher Low.
Target: 16.500 which is the technical Higher High based on the basis difference between HHs.
