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!
Silverlong
🤔 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 $0.7 resistance signaling the continuation of the uptrend.
Pitchfork levels work perfectly with this configuration.
question for silverwich pattern is stronger, most probable and compelling?
1) the so-called short term head-and-shoulder figure
2) the called mid-term inversed head-and-shoulder for shoot at 21 \ 22$
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.
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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 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