Well hello folks, Amirali here.
Starting the day with an analysis on Silver; as you can see, after Silver reached 96.4255 and swept the buyside liquidity away, it plummeted in price and went as low as 61.0065! After that, it somewhat recovered and reached 74.5720 and swept the Buyside Liquidity at 74.5626, and then dropped back again to the Bullish Rejection Block and is now being traded at 69.8000, above the March 23rd NWOG and March 27th NDOG, below the March 26th NDOG.
Now, I expect Silver to go for the resistance at 72.0357 which has been tested once but failed to go through it, and if the resistance is broken, next it'll go for the March 26th NDOG at 71.2336.
Targets in this scenario: 70.0000, 70.1500, 70.3000, 70.4500, 70.6000, 70.7500, 70.9000, 71.0500 and 71.2000.
If silver fails at retesting the Resistance, it will go lower to the March 27th NDOG, and since there's also a NWOG down there, price may be directed towards that zone more than the upside.
Targets: 69.5000, 69.2500, 69.0000, 68.7500 and 68.5000.
Starting the day with an analysis on Silver; as you can see, after Silver reached 96.4255 and swept the buyside liquidity away, it plummeted in price and went as low as 61.0065! After that, it somewhat recovered and reached 74.5720 and swept the Buyside Liquidity at 74.5626, and then dropped back again to the Bullish Rejection Block and is now being traded at 69.8000, above the March 23rd NWOG and March 27th NDOG, below the March 26th NDOG.
Now, I expect Silver to go for the resistance at 72.0357 which has been tested once but failed to go through it, and if the resistance is broken, next it'll go for the March 26th NDOG at 71.2336.
Targets in this scenario: 70.0000, 70.1500, 70.3000, 70.4500, 70.6000, 70.7500, 70.9000, 71.0500 and 71.2000.
If silver fails at retesting the Resistance, it will go lower to the March 27th NDOG, and since there's also a NWOG down there, price may be directed towards that zone more than the upside.
Targets: 69.5000, 69.2500, 69.0000, 68.7500 and 68.5000.
Trade closed: target reached
All bearish targets reached.
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Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free channel: t.me/AmirAliTrading_Official
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
Join OurBit with my link and you'll be added to Crypto Premium channel for free: ourbit.com/register?inviteCode=JSB5ZW
Contact me: t.me/Amirali_Trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.