Looks like oil could move up a bit more to the 56.8 area and then up to $60.30. In the longer term I think the descending triangle could easily drop, remember this is not trading advice.
I think silver had way too fast of a run up here this last few months. I think that this descending triangle could play out, RSI could drop and we might end up chasing long term support around the 200ma. I think silver could head back to $16.30 for a Golden Retrace, and then $14.30 ultimately. This is not trading advice and highly speculative analysis by a non-pro.
I think silver had way too fast of a run up here this last few months. I think that this descending triangle could play out, RSI could drop and we might end up chasing long term support around the 200ma. I think silver could head back to $16.30 for a Golden Retrace, and then $14.30 ultimately.
Bitcoin is looking very BULLISH at the moment. A .786 fib retrace of could put us at $12800 and I think we still got room on the rsi to get up there. This is not trading advice, merely ammature speculation.
Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200
Silver has just broke out of my double descending triangles that I posted a few weeks back. Lets take a look at a some possible Fibonacci retracements that could happen if things continue. Alasdair Macleod has noted that a whale is purchasing silver futures almost regardless of price, his fundamental research is worth a look.
Watch for a break out here next week. I think we could see a break up past 40 cents soon and into that 50 cent range. After that we could really start to move back up. VIDA has recently done some good partnerships that will help on the fundamental side.
I may be jumping the gun here on the daily chart but Vida did have a bottoming out and I believe we could be running back up again.
It looks like silver might be ready to break out of a small descending wedge which I predict would then lead to a break of the larger one and a run past $16 would be eminent.
I have my eye on this penny stock and I think that we could see another run up soon. Maybe in to the up 50 cent range and a then continue? We want to see a clear break of the triangle and a confirmation candle before going in long. I have been charting this one for a while and the previous triangles played out even though I didn't share at the time.
The silver chart looks interesting again, fisher and macd seem to show positive signs. Silver also follows gold and a lot people are watching gold right now. Getting back up to $15-17 shouldn't be hard if we break resistance.
Pretty clear descending triangle with multiple indicators confirming a possible drop. I think $14.6ish is possible for next support.
I think US oil might be getting ready to retrace back to $58.95 and then maybe continuing to $52.57, I was wrong a few weeks earlier but I think we finally topped.
Looks like maybe we are getting ready to drop? This is speculation not trading advice.
Looks like on the weekly there is actually a H&S inside of the H&S and also a descending wedge to add to it. I see silver retesting $14 and if that fails we could see $11.
Classic H&S on both Bitcoin and Litecoin. I think if this plays out we should see some Litecoin around $32
I was really hoping in my last chart that silver would break up and consolidate around $16.20 then move upward. However, the move was potentially too fast, the RSI and Stoch were both really high, as you can see the price didn't hold $16 for long. I charted this silver wedge last week and now its really seems to be playing out. I am expecting a retrace back to...
If silver breaks out of the pendant and holds support it will we continue up past $16.20-$16.50 , I think maybe.