Silverway (SLV) Mapped | Full Analysis With Support & Resistance

19 Des 2019

Silverway (SLV) Overview

Silverway provides aggregated and structured OTC (over-the-counter) data for crypto markets. The ecosystem includes hundreds of professional investors, brokers, exchanges, projects, and thousands of retail investors, which could potentially be opened up to more accredited market participants. The platform was reportedly created by a team of former investment bankers and private equity professionals.

Website: silverway.io

Project background
1. We have a working platform with a working token that is listed on HitBTC and Binance DEX and rated in CMC-200.
2. On-going active marketing for retail investors (social media, news circulations) and for large investors (direct contacts).
3. Announce a partnership with one of the largest analytics platforms by the end of January.
4. Launching test partnerships with local analytics platforms in Korea and China by the end of January.
5. List our token on a new exchange with a staking program in February.
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Silverway (SLVBTC) Chart Analysis & Signals

Silverway (SLVBTC) is already moving with good momentum to the upside, this is clear to see.
The chart is young, we have data starting November so we have some limitations but, there is still lots to learn from, let's take a look...

• The first thing we can call our attention to is the momentum, EMA10 (green) has been conquered and a steep uptrend is already taking form.
  
• The magenta dashed lines represent the main resistance levels/targets. This is where resistance is found when prices are moving higher.
  
• If prices are moving lower, the blue dashed lines are for the support levels.
  
• The highlighted yellow area on the chart represents a very strong support level.
  

INDICATORS

• The MACD is still below zero but trending up with good momentum and volume. The fact that the chart is young can affect the effectiveness of these indicators.
  
• The RSI is very strong at 63.19. Both indicators are looking both and allow for additional growth.
  
• The TD Sequential is also looking good with a new positive count just starting.
  

What's your take on the above analysis?
Share your thoughts with us in the comments section below.

Thanks a lot for reading.

Namaste.