Hi, 1PERCENT here.
Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset.
It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021.
Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have some really big moves.
In a TA perspective, it would be healthier for
SILVER to re-test that previous resistance zone turned support and then, continue upwards.
One possibility of this happening is the next scenario:
1) Goes up short-term until the Blue range highs $28.65, which also is a Yearly supply zone,
2) Rejection & re-test the recently broken Green zone, maybe a wick into the Blue mid-range $25.28
3) Continuation upwards, re-challenging the Yearly Supply.
However, it could also go like this:
When Silver goes, she goes hard.
Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset.
It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021.
Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have some really big moves.
In a TA perspective, it would be healthier for
SILVER to re-test that previous resistance zone turned support and then, continue upwards.One possibility of this happening is the next scenario:
1) Goes up short-term until the Blue range highs $28.65, which also is a Yearly supply zone,
2) Rejection & re-test the recently broken Green zone, maybe a wick into the Blue mid-range $25.28
3) Continuation upwards, re-challenging the Yearly Supply.
However, it could also go like this:
When Silver goes, she goes hard.
Note
She is going hard but market is getting too excited right now.
Wick over the blue range high & rejection would be healthy.
Note
Well who would've guessed?
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✅ Follow me on X
- twitter.com/1percent_kr
✅ 더욱 잦은 업데이트는 아래 링크에서!
- t.me/+7mIBvloUd0k3NWQ9
✅ 시황 코멘트와 다양한 투자 관련 분석은 유튜브 채널에서!
- youtube.com/c/1PERCENTKOREA
✅ 미국주식, 국내주식 등 다양한 정보 공유
- blog.naver.com/onepercentkr
- twitter.com/1percent_kr
✅ 더욱 잦은 업데이트는 아래 링크에서!
- t.me/+7mIBvloUd0k3NWQ9
✅ 시황 코멘트와 다양한 투자 관련 분석은 유튜브 채널에서!
- youtube.com/c/1PERCENTKOREA
✅ 미국주식, 국내주식 등 다양한 정보 공유
- blog.naver.com/onepercentkr
Related publications
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.