Silver has been pretty bullish recently and it only makes sense to follow the trend after a correction. There's still one resistance level to get through before confirming the move up.
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As long as resistance is not broken, price could still go low.
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Any break around the spotted areas will lead to either a further drop or a huge rise. Overall, silver is still bullish long term.
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Zoomed out view...
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Buying the dip.
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RSI showing a hidden bullish divergence, supporting my bullish view. Any drop could be an opportunity to buy a lower price, or the market could just take off from here.
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Upward movement...
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Bulls couldn't hold that bounce yesterday and now there's selling pressure. Lower prices could be on the cards however that would be good for dip buyers.
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Dip buying...
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The trend is your friend and right now is the perfect time to buy in my opinion. Price is at the 50 % retracement level of this entire uptrend and the next few days should be interesting. Also watch out for liquidity grab...
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Zoom out and see clearly.
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Price us now trading at the upper boundary of the flag... Let's see how it goes.
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If bulls can have a proper breakout, then it's game over. But so far so good.
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Big drop, it was the perfect area for bears to enter. This could potentially lead to prices below 28.
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Until support is broken (ascending channel), price could still turn and go higher.
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