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.
Nota
She is going hard but market is getting too excited right now.
Wick over the blue range high & rejection would be healthy.
Nota
Well who would've guessed?
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✅ 더욱 잦은 업데이트는 아래 링크에서!
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✅ 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
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