Another one of my favourite risk reward set ups in crypto right now - will band follow in the footsteps of link?
Maybe the most interesting chart in Crypto right now. Targeting 0.12 after resistance flipped to support at 0.04.
Silver short after ranging across shoulder before drop. Target 22.5. Invalidated at 24.5.
Silver is currently in a descending triangle. Target 22. Invalidated at 25.2. This, and the related gold trade, are short term ideas. Because next year I expect to long from lows of 16 up to 40. But let’s wait and see how things develop.
Gold ranging in the green descending channel. Expect price to reverse at 1876. Invalidated at 1885, in which case will retest upper orange channel, perhaps 1935.
Last hit a couple of weeks ago. Strong bullish if closes above line, if fails likely revisit lower support lines.