Silverusd
Silver Run on Liquidity We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12.
The next raid happen this week as price broke above the $20 closing a short stops.
The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs.
We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics.
With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
Looking back to old charts and buys SILVER still lot of room I bought on 4th of September 2018 my first physical silver, since then we are currently up 92%, and yet there is much more to come. Free money printed by goverments everywhere, we have atleast 3 more months of absolute shit growth ahead of us. GL to all.
DO NOT SHORT ANY MARKETS
SILVER Weekly Technical Analysis UpdateMidterm forecast:
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 25.10, 26.20, 27.00 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 77.
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SILVER Weekly Technical Analysis UpdateMidterm forecast:
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 25.10, 26.20, 27.00 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 77.
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August will be another rollercoaster ride for SilverWave 2 pullback has ended I think.
Green buying pressure has returned on the Volume chart. The RSI has recharged and looks ready with plenty free runway space ahead. MACD shows a turning point inflection and the MACD histogram looks ready to go green again.
Followed by good wave 3.
Wave 4 pullback will coincide with the expected Gold pullback.
Followed by a good 5.
Then at the end possibly a 10%-20% pullback.
As ever the market is all about good timing
SILVER Potential 10% Short term !Hello fellow traders!
As you can see today we have a current opportunity in our prospects. However we patiently wait with our orders untill it will be filled at the right time in order to catch the breakout!
Right now gold/silver ratio is decreasing also creating momentum on the silver side.
Let me know if you have any ideas or like the contont, it would be highly appreciated
SILVER Technical Analysis UpdateMidterm forecast:
. 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
. We will close our open trades, if the Midterm level 18.95 is broken.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 22.15, 23.05, 25.10 and more heights is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 83.
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SILVER Technical Analysis UpdateMidterm forecast:
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 22.15, 23.05, 25.10 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 83.
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Silver Long Term Analysis Silver has been performing very accurately from my TA compared to Gold at the moment. It has successfully created a higher high for inverted Head and now we should look out for the completion of the inverted right shoulder to break crucial resistance. I'm currently looking at $17.20 - $17.70 accumulating range for IRS (Inverted Right Shoulder) and act as a Support Range as well for a range period of 179 days. (Bear in mind as indicated on the graph where if it takes a longer duration to complete our IRS cycle then the support range increases linearly). We need to break $21 - $21.45 Crucial Resistance range to break the existing price trend for Silver.
SilverBuy Silver using three Trend lines yellow, green and red trend lines . Buy at 19.3 price near the green line .Target of 19.98 around 3.51% - Yellow line. Stop Loss is the red line around 0.45% If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 0.45 % there is an upside of 3.51%
[SILVER/USD] One Of The Best Silver Trades In Our Lives!Hello and welcome everybody!
Today I want to share this Legendary silver trade that I spotted ( and for sure many other silver/gold bugs did too)
I'm already in this trade actually. I bought silver at the 2020 Q1 March bottom lol.
That is the lower white line at 14 usd. So practically Ze Bottom.
Bought it physical though in case fiat crashes/hyperinflation/civil war occurs so I got something to buy food with if we see a doomsday scenario.
The top white line is the silver All-Time-High price.
The green line is Ze buy-in line with a candle close over the green line on the weekly chart as buy trigger.
The green line is above all resistance in that area and will work as support for a test of the All-Time-High 120% away.
Stoploss for me would be a weekly candle that closes below the green line :)
We are looking at the monthly chart because it is the most relevant timeframe for this trade.
Last time silver went for the all-time-high it only took about 190 days after break of the green line to reach the top.
Remember it is highly likey that silver smashes through the old all-time-high and nobody knows where that bull-run will end.
When to sell? Many options. I dont really know tbh. I bought in lower so it is just a free ride for me right now.
Option #1
Sell below magical numbers/former resistance ( pyramiding out/ scaling out )
1# sell 33% at 33 usd (red line)
2# sell 33% at 39 usd (red line)
3# sell 33% at 43 usd (red line)
Option 2#
Hold and hope silver breaks all-time-high and if silver is rejected the sell trigger is a red monthly candle after the test of the old all-time-high.
Many other options. I would pick option #2 and buy-in again if the all-time-high is broken :) I will likely throw up a new trading idea by them :)
Good luck and stay positive & never give up.
Confucius_The_Great
SILVER IDEA 2020 - 2025Silver looks to be breaking out of a shorterm downward resistance and has recoved from a false breakdown of the primary support line. It looks to me as if the next target will be $21.25 before a pullback occurs bouncing off the converging lines, before a breakout to $26.25 and another consolidation before reaching new highs of $50 and beyond later in the decade.
SILVER Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.
Technical analysis:
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 67.
SILVER Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.
Technical analysis:
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.