Silver Elliot Wave Trend AnalysisBy this count, it appears we may be in wave 1 of an impulse count. There's a good deal of overhead resistance at previous highs. My expectation would be to eventually break through this, possibly after a wave 2 down, which would initiate a wave 3 on the way to higher highs.
SLV
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XAG/USD Price Action Analysis | The Next Leg DownSilver is consolidating in the main Trading Range after creating the Distribution Schematic. A visit to the Range High in order to gather the enough fuel for the next pullback to the below of the Range, is the trigger for the short position.
Entry: 17.49
SL: 18.01
TP-1: 16.51
TP-2: 15.66
R/R: 3.52
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
SLV - Weekly Chart BreakoutThe weekly chart for the iShares Silver ETF shows how it has been pulling back from its recent highs back in early September. The stock broke down in early November but was able to find support along the 50-day EMA line. It has managed to break out again this week as it nears volume levels that will not be able to hold much resistance against the price. Continued strength in price should help a Golden Cross occur to confirm the bullish strength behind this commodity.
I would like to see this ETF clear $17.10 just so it gets above and holds that last volume level but definitely looking promising. My potential price targets are noted.
Silverway (SLV) Mapped | Full Analysis With Support & ResistanceSilverway (SLV) Overview
Silverway provides aggregated and structured OTC (over-the-counter) data for crypto markets. The ecosystem includes hundreds of professional investors, brokers, exchanges, projects, and thousands of retail investors, which could potentially be opened up to more accredited market participants. The platform was reportedly created by a team of former investment bankers and private equity professionals.
Website: silverway.io
Project background
1. We have a working platform with a working token that is listed on HitBTC and Binance DEX and rated in CMC-200.
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3. Announce a partnership with one of the largest analytics platforms by the end of January.
4. Launching test partnerships with local analytics platforms in Korea and China by the end of January.
5. List our token on a new exchange with a staking program in February.
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Silverway (SLVBTC) Chart Analysis & Signals
Silverway (SLVBTC) is already moving with good momentum to the upside, this is clear to see.
The chart is young, we have data starting November so we have some limitations but, there is still lots to learn from, let's take a look...
The first thing we can call our attention to is the momentum, EMA10 (green) has been conquered and a steep uptrend is already taking form.
The magenta dashed lines represent the main resistance levels/targets. This is where resistance is found when prices are moving higher.
If prices are moving lower, the blue dashed lines are for the support levels.
The highlighted yellow area on the chart represents a very strong support level.
INDICATORS
The MACD is still below zero but trending up with good momentum and volume. The fact that the chart is young can affect the effectiveness of these indicators.
The RSI is very strong at 63.19. Both indicators are looking both and allow for additional growth.
The TD Sequential is also looking good with a new positive count just starting.
What's your take on the above analysis?
Share your thoughts with us in the comments section below.
Thanks a lot for reading.
Namaste.
Expecting Resolution in Gold Next Week#Gold should resolve here very soon (next week?) w/ a $40-$50 move up/down from $1480.
Based on bull wedges, 4-wave structure, RSI break & retest, & strength of miners, I lean toward this breaking higher. Waiting for a close above $1495 for confirmation. $GLD $GDX $GDXJ
Silver, likely up move to Phantom Midline, Buying $16 CallsHello traders,
I present you another chart analysed with @coinobsalgos indicators.
Indicators used:
XABCD Scanner
Phantom Script
Phantom is signaling bottom on the 120 and 240 time frames,
Which usually results in an up move to the midline,
Midline prices are displayed in red.
Silver CFD vs SLV etf
I will be trading the ETF with $16 calls, Just below the midline.
Good luck to all
SLV Long Bull flag on monthly chart Monthly Chart shows a very nice Bull Flag for SLV A long stock play can be done if I want to hang onto the stocks for a few months. The length of the flag pole shows about a $3.5 move, so an option about half way up that move with the expiration of March would also work. In fact. I'm looking at the decently16 s priced strike that expires on March 31 2020
a Debit spread can also be done if i also sell the 17 strike on the same expiration That would make the cost of the spread at the current market price $21 with a profit potential of $79
Gold Breaking Out from Horizontal Resistance#Gold just broke above horizontal resistance & now looking to break up from August downtrend channel. A move above 1495 would resume the uptrend from 4Q18 (channel support recently held)
RSI also breaking out from declining resistance
$GLD $GC $GDX $GDXJ $SLV