Incoming 30-40% crash for Silver to $20
Forecast for 2025
On the above monthly chart price action has rallied an astonishing 140% since the lows of March 2020. A number of reasons now exist for a bearish outlook. Very bearish. They include:
1) Price action and RSI support breakouts.
2) Regular negative divergence. The time length used is the same as the positive divergence.
3) The Cup and Handle projection has achieved the forecast target.
4) The rising wedge breakout. The wedge allows a forecast to be made using the top and lower touch points for a 35% correction to $20.
Is it possible Silver continues to rally? Sure.
Is it probable? No.
Ww
On the above monthly chart price action has rallied an astonishing 140% since the lows of March 2020. A number of reasons now exist for a bearish outlook. Very bearish. They include:
1) Price action and RSI support breakouts.
2) Regular negative divergence. The time length used is the same as the positive divergence.
3) The Cup and Handle projection has achieved the forecast target.
4) The rising wedge breakout. The wedge allows a forecast to be made using the top and lower touch points for a 35% correction to $20.
Is it possible Silver continues to rally? Sure.
Is it probable? No.
Ww
Trade active
On the above monthly chart price action has broken down with a failure of support. The daily chart below shows this more clearly. The 3 month or quarterly candle with the close of December was particularly bearish. This print was last repeated in January 2021 after a run in price action; a 40% correction followed. Sellers are in charge and they're selling hard and fast into every rally.
1 day
3 month
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.