Pan American Silver: Low 🎤 🎧She hit the floor (she hit the floor)
Next thing you know
Shawty got low, low, low, low, low, low, low, low…
“Shawty”, in this case, is Pan American Silver, which is shaking its “big booty” in its “apple bottom jeans” to the beat of Flo Rida’s song Low and is progressing deeper into the blue zone between $21.88 and $13.94. It has not (yet) “hit the floor” but could of course use the blue zone until the bottom to finish wave (ii) in blue. Afterwards, though, Pan American Silver should take off, heading for the resistance at $40.11. However, there is a 38% chance that Pan American Silver could get too low and thus drop below the support at $10.61, which would then trigger further downwards movement below the next mark at $5.38.
Waveanalyses
Cronos: Too Hot 🥵Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
GLD: Cooling off 💦It is still summer, so no wonder GLD wants to refresh itself in the upper blue zone between $163.03 and $160.17, into which it has leaped so enthusiastically that we have to wipe droplets of water from our faces, watching the chart. Here, GLD should now finish wave (ii) in blue before resuming the overarching upwards movement. However, as part of our secondary scenario, there is a 40% chance that GLD might need more refreshment and thus could jump below the support at $158, diving into the lower blue zone between $159.23 and $152.88. There, it should then do a lap to complete wave alt.(4) in yellow before rising again.
Fresnillo: Attention SeekerBulls and bears are currently both angling for Fresnillo’s attention. We still expect the bears to win, though. They should grab Fresnillo and take it below the support at GBP 456.60, pulling it into the turquoise zone between GBP 473.60 and GBP 250 to finish wave v in magenta as well as wave Z in turquoise and wave (2) in yellow. However, there is indeed a 32% chance that the bulls could be victorious instead and push Fresnillo above the resistance at GBP 997.60, thus eliciting further ascent above GBP 1379.
Avalanche: The Very Hungry Caterpillar 🐛You know the children’s book The Very Hungry Caterpillar by Eric Carle? Just like the story’s protagonist, Avalanche is crawling around with wriggly movements and is repeatedly gnawing at the turquoise zone between $25.29 and $39.63. If the altcoin wants to further our primary scenario, though, it should pupate soon and emerge as a beautiful butterfly, flapping away above the resistance at $103.64. However, there is also a chance that Avalanche could lose its footing and drop below the resistance at $9.25, which would then elicit a strong downwards spiral.
POLKADOT PERSONAL ANALYSIS IN THE LONG TERM (SHOCKING REVEAL)The total evaluation for DOT asset is bearish . Please be mindful of your risk management when it comes to buying at certain level. It is truly key to recognize designated levels at which volume and trading activity can be found, I have already provided you with the volume profile on the left to assess your judgement. The green line as it shows is a representation of market structure activity that truly respects the descending triangle , however any move significant enough to breakout and confirm its stand outside of this is more than welcome. Hey, no one wants crypto dead you know! However, until then, I will short every rally in accordance with the November 2021 trendline and descending triangle trendline.
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S&P500: Rare, Medium or Done? 🥩That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it should complete wave 4 in blue and subsequently take off again.
There is also a 40% chance, though, that S&P500 could drop below the resistance at 3950 points, thus eliciting a detour below the next mark at 3639 points and into the turquoise zone between 3597 and 3353 points.
Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
NatGas: Energizer Bunny 🐰🔋🔋A certain fondness for pink is not the only thing, NatGas and the marketing mascot have in common. Both, NatGas and the mechanical toy rabbit, are also full of energy. NatGas has steadily been climbing upwards from the pink zone between $7.435 and $8.320 and has already finished wave (i) as well as wave (ii) in turquoise. Now, we expect it to rise above the resistance at $9.600, heading for the turquoise zone between $10.796 and $11.327 to complete wave (iii) in turquoise. There remains a 35% chance, though, that NatGas could lose steam and could decide to make a detour below the support at $6.898 first before resuming the ascent.
GDX: GDX-citing 🍿We hope you’ve all got your popcorn ready because it’s getting more and more exciting here! GDX has reacted to the upper edge of the magenta-colored zone between $19.52 and $27.49 and has slowed down its upwards movement. Although the ETF could directly continue the ascent, we still give it some more room and time to finish wave in magenta a bit deeper in the magenta-colored zone. As soon as wave in magenta is completed, though, GDX should take off, rise above the resistance at $28.83 and head for the next one at $40.13. However, there is a 30% chance that GDX could break through the bottom of the magenta-colored zone and drop below the support at $16.18, which would then activate further descent.
Polygon: Bug 🪲Polygon has got the bug – regarding the green zone between $0.87 and $0.71. And just like a bug, the altcoin has been crawling above it, tipping it here and there. Although Polygon could have already finished the current movement by touching the green zone, we expect it to scramble a bit deeper still to complete wave 4 in green. Afterwards, the altcoin should flap its wings and buzz upwards.
Dow Jones: Wow Jones 😯Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue to dow – sorry – wow us with more upwards action. To achieve this, though, it shouldn’t drop below the support at 31867 points.
Silver: I Like to Move It, Move It!I like to move it, move it,
I like to move it, move it,
I like to move it, move it,
We like to move it !
You were bouncing along – admit it! Silver, at any rate, is shaking its booty to the beat, while continuing to move upwards. It should keep up the party mood and hop above the resistance at $20.84 to enter the upper turquoise zone between $20.94 and $22.42, where it should finish wave v in turquoise as well as wave 3 in green. After the subsequent countermovement in the course of wave 4 in green, silver should resume the overarching ascent.
However, there still is a 40% chance that silver could lose its rhythm and drop below the support at $18.88, which would then result in a detour below the next support at $18.01 and through the orange zone between $17.46 and $15.33.
IOTA: Little By Little 🤏Little by little, IOTA is moving upwards with baby steps and seems to be willing to leave the magenta-colored zone between $0.06007 and $0.3634. Although there still is a chance that IOTA could develop a new low deeper in the magenta-colored zone, it would be well advised to not get too close to the resistance at $0.0600, as falling below this mark would bode ill for the altcoin. Instead, IOTA should rather continue to rise and climb above the resistance at $1.0550, which would provide a good basis for further ascent.
Nasdaq: Push-Ups 💪How many push-ups can you do? Nasdaq has accomplished several push-ups during the last weeks, and it should keep up this good work. We expect the tech-index to rise into the upper yellow zone between 14044 and 14798 points, where it should finish wave (3) in yellow. Afterwards, it should start a countermovement into the lower yellow zone between 13579 and 13058 points to complete wave (4) in yellow before resuming the overarching ascent. There is a chance, though, that Nasdaq could make a detour through the turquoise zone between 12934 and 12432 points first before heading for the upper yellow zone.
Quant: Climber 🧗♂️Quant has continued to climb upwards, even making up for some countermovement. Now, the altcoin should press on to reach the upper orange zone between $132.40 and $169.81, where it should complete wave (i) in blue. Afterwards, we expect Quant to start a noticeable countermovement, thus dropping into the blue zone between $90.07 and $51.44. This could provide a new opportunity for market entry, as the altcoin should rise again after finishing wave (ii) in blue. So, no need to worry about missed chances!
WTI: Doooown…After one last surge, WTI has jumped below the support line at $92.93, its shout echoing through the chart. Now that it has begun the descent, it should continue it into the blue zone between $81.16 and $77.55, where it should finish wave 3 in blue.
Alternatively, there is a 35% chance that WTI could gain upwards momentum again and could make it not only back above $92.93 but also above the resistance at $101.88. In this case, it should pursue the ascent above $105.24 and into the turquoise zone between $107.12 and $116.59 first before moving downwards.
Ethereum: ChillaxingEthereum has been chillaxing in a sidewards movement for a while now. However, it should start to take some action soon! We expect it to climb into the orange zone between $1902 and $2207, where it should finish wave (i) in blue. Afterwards, Ethereum should drop into the blue zone between $1475 and $1017 to complete wave (ii) in blue. There is a 40% chance, though, that Ethereum could continue to fall below the support line at $883.
DAX: Deep BreathDAX should draw a deep breath because it has quite the way downwards coming up. We expect the index to head for the support at 12425 points, crossing it to dive into the green zone between 12140 and 11150 points, where it should finish wave 2 in green. Afterwards, DAX should take off again, climbing not only back above 12425 points but also above the resistance at 13682 points. There remains a 33% chance, though, that the index could surmount the resistance at 13682 points earlier already.
Agnico Eagle Mines: Keep Your Eyes on the Ball! 👀This is what we tell the bears currently busy with Agnico. Our furry friends shouldn’t let themselves get distracted by the little countermovement, but should rather continue to focus on our primary scenario – just as they have been doing so admirably lately. Thus, we expect the stock price to resume the descent and to fall below the next support at $31.03. However, there remains a 30% chance that Agnico could develop massive upwards momentum and rise above the resistance at $74.50. In that case, the stock price should gain even more drive and cross the next resistance at $89.16 as well.
NatGas: Pretty in PinkNatGas would look really pretty in pink, wouldn’t it? Therefore, it should proceed to move downwards to complete wave ii in pink in the upper pink zone between $6.055 and $5.325. Afterwards, it should turn around and climb upwards, crossing the resistance at $6.786 and heading for the next one at $8.118. There is a 33% chance, though, that NatGas could acquire taste for more pink, drop below the support at $5.325 and into the lower pink zone between $4.835 and $4.205.
