Due to multiple support levels and Ichimoku confirmation, we will have a reversal towards the price 1.56613
Silver is in a very strong resistance range. Especially since Ichimoku has given us a good confirmation. With the breaking of the 3 drive pattern, we can expect to touch the specified range (blue box). tp: 23.760
After Ichimoku's confirmations, we will move towards the target of 139.900.
In the 15-minute timeframe, the fall will continue until reaching the 0.5 or 0.618 Fibonacci range. And due to the fact that Span B is flat in the 0.5 fibo range, this range will become more attractive. the end
We proceed according to the chart And we will touch the targets
If the trend line breaks and pullback, you can have a LONG at this price and keep it up to $ 1.40 Important Note: The red line (TENKENSEN) should come under the candlesticks and play a supporting role
The previous analysis is still valid If the triangle pattern breaks down and a pullback occurs, the phantom can fall to the balance area. Important note: The red line (tenkensen) should come above the candlesticks and play the role of resistance
If the green trend line breaks and a pullback occurs, we can expect a drop to touch imbalance at $ 1.48. Important:The red line in Ichimoku (tenkensen) should also go above the candlesticks and play a resistance role.
First sol has a trend to fill imbalance and then it returns to supply to start a biger short trend
As you can see in the chart, the Phantom is approaching an imbalance and must fill this imbalance so that you can exit the trade with a low risk in the purple range. If you take more risk, exit in the 1.60 range.
The uptrend is confirmed and the phantom is moving according to the previous forecast, but in Ichimoku, because the tenkan line and the kijun line became flat, they caused the side trend. If the tenken approaches the candlestick and plays a supporting role, and then the kijun ascends, the ascending trend of the phantom will be powerful.
There are two important resistances for silver, which according to my analysis is the first target around 24.40
If the chart breaks the price of 1.37 and stabilizes, it will see tp2