Silver price is trading in a symmetrical triangle pattern and not able to break the $33 resistance zone.
Price looks bearish temporarily because it has broken our first major Trendline support but I believe the bulls to hold the next major Trendline support and keep silver in the uptrend otherwise.
But for now price has to retest the Trendline and $33 resistance zone once again to know if the breakdown will continue or if it was just a shakeout consolidation.
Fingers crossed. Any Direction it goes I'll be sure to keep you updated 💪💯
Price looks bearish temporarily because it has broken our first major Trendline support but I believe the bulls to hold the next major Trendline support and keep silver in the uptrend otherwise.
But for now price has to retest the Trendline and $33 resistance zone once again to know if the breakdown will continue or if it was just a shakeout consolidation.
Fingers crossed. Any Direction it goes I'll be sure to keep you updated 💪💯
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.