This is a follow up to yesterdays silver chart and a closer look to what we really have going on with silver. Silver investing is a macro look and any price drops are gifts the JP Morgan gods.
As we can clearly see we have golden cross on the monthly chart rapidly approaching and shows that silver is in a long term bull trend. If you are looking get rich quick this is not for you as this is a macro look and is a place to park gains or money you want to keep at for the next 5 to 10 years.
There is no trading for me here, buying dips and holding long term. Although the grind with silver gains is slow it will become more rapid as time goes on and will accelerate substantially when the $50 usd is passed. At that point as we say is MOON TIME!
The golden cross indicator here is provided by Steve at Crypto Crew University and is a locked item. You are free to subscribe to him and join the crew for deeper look and insights to charting by him. He truly is a master and everything I know in charting is credited to him.
The highlighted oval on the RSI shows lots of strength above the 60 level although not yet showing it with price action. Getting a bounce of that mark in the next months should be very positive for price action.
Success in investing is a series of small victories.
The analysis here is my own opinion and is not financial advice.
Thank you for looking.
As we can clearly see we have golden cross on the monthly chart rapidly approaching and shows that silver is in a long term bull trend. If you are looking get rich quick this is not for you as this is a macro look and is a place to park gains or money you want to keep at for the next 5 to 10 years.
There is no trading for me here, buying dips and holding long term. Although the grind with silver gains is slow it will become more rapid as time goes on and will accelerate substantially when the $50 usd is passed. At that point as we say is MOON TIME!
The golden cross indicator here is provided by Steve at Crypto Crew University and is a locked item. You are free to subscribe to him and join the crew for deeper look and insights to charting by him. He truly is a master and everything I know in charting is credited to him.
The highlighted oval on the RSI shows lots of strength above the 60 level although not yet showing it with price action. Getting a bounce of that mark in the next months should be very positive for price action.
Success in investing is a series of small victories.
The analysis here is my own opinion and is not financial advice.
Thank you for looking.
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