Wave 3 of 5 is coming buy area is 15400-15200. Caution buy as this is risky ⚠️ but it's always risky
Silver looking at long position - inverse head and shoulders may be forming (bullish)
Silver last Drop to $24-22 before up trend?
Silver battling at the 200dMA. Bearish divergence with the RSI. We go down for wave c of C?
Support has now turned to resistance and confirmed. Lower prices can be expected.
Rising wedge with declining volume and bearish divergence on the RSI
Also notice the bearish divergence on the RSI. This is also true for the monthly and 3 month charts from the 20k top in 2017 to the recent price action.
Breaking out of the falling wedge pattern since March 2020. Wait for confirmation (test of wedge resistance line as support)
As with Bitcoin, Ethereum is currently forming a bearish divergence on the monthly chart. This may be negated if the RSI continues higher than during the last bull market top in 2017.
Next target 7k ;- uptrend line as indicated on the chart.
Should bottom around election time before moving to the upside. My Elliot wave count shows a large 5 wave move down (A) followed by a 3 wave corrective move up (B) and is now forming wave (C) which should complete at the lower edge of the falling wedge.
Cup & handle pattern - trade on confirmation (break above 94.6)
Bearish Channel resistance met. My 2 ideas of the channel construction are shown in blue and black. All the best!