Two descending channels are in play. This may result in a wedge pattern. The yellow channel is failing with more price action above the channel. This can be an early warning sign that price may not reach the bottom of the channel on this leg down. Target 3400
Purple lines represent an ABCD move. Point A is 23.69. This is near our entry of 23.39 Yellow lines are a descending channel. The fall can be rapid. I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line. This could be followed by further downside for several weeks.
If in the trade from lower blue line, then take 50% profit now. The rest of the trade will be analyzed separately. I expect the next leg up to be just as quick as the last leg. We can see bullish action at the central red line on the 5 minute chart. See below. There is little selling so far.
This leveraged Gold Miner looks poised to take off. Enter now 28 Stop: if it hits blue line below Limit If it hits blue line above
Channel trade: Silver has fallen below uptrending channel. May be making a new downtrending channel
Broken wedge to upside and now retraced to upper line of wedge. Long at 125
Short Eth at 113. I expect this next round of selling to carry us below 84. I will update with target. Last trade netted over 200% profit. Note trading ethbear, but I am following and charting the underlying instrument. Volatility in ethbear may increase as price falls
200 provides support. The channel is steep and if the trend continues I will take profit when it reaches the lower parallel.
Dash has more than doubled in the last 11 days. Wait for a retracement to go long. It must hold the thick green line. This is a trend line going back 2 years. Update in 24 hours