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Silver · XAG/USD

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Silver: Descending Channel

XAG/USD, 1 hour    LONG Dec 13
A descending channel is nearing completion, the price demands a bigger bullish impulse as an indication of a breakout. A descending channel is a pattern that predicts a next move up when price breaks above resistance. XAG/USD is bullish and en route to 23 amid rising bets for the move.

Silver: Descending Channel

XAG/USD, 1 hour    LONG Aug 18
We can see that the price completes a descending channel and the price expects a more bullish continuation for clear breakout confirmation. A descending channel is a technical pattern with a downward bias that is used to indicate a bullish price action if price breaks through the resistance. It is not ruled out that a bullish push up to the 22.9 mark will occur on a breach of 22.78.

Silver: Pennant

XAG/USD, 1 hour    SHORT Mar 7
The price composes a pennant, the price is ready to break out. Once price breakdown occurs, the move could spot a sharp decline. XAG/USD set to extend its decline towards 21 amid rising bets for the move.

Silver: Descending Triangle

XAG/USD, 1 hour    SHORT Feb 22
It looks like a descending triangle takes place, the price lacks a bigger correction as proof of a breakout. A descending triangle suggests a bearish price formation that can be used to identify a move down if price breaks below support. It is possible that corrective downside to 22.85 will occur on a breakout of the descending triangle as upside pressure alleviates.

Silver: Descending Triangle

XAG/USD, 1 hour    LONG Jul 12
A descending triangle is close to being done and the price requests an active bullish move to confirm a breakout. A descending triangle provides a useful price action pattern that spots that the price to go up once price breaks above resistance. XAG/USD to move upward towards the 23.5 zone as XAG/USD resumes the upside.

Silver: Rectangle

XAG/USD, 1 hour    LONG Oct 20
There is a rectangle materializing and the price breaks out. A rectangle tends to be a bullish price pattern that spots a sharp rise if price breaks through the resistance. A bullish price action to 23.3 is on the cards.

Silver: Descending Channel

XAG/USD, 1 hour    LONG Nov 24
It seems like the price sets up a descending channel and the price is close to breaking out. A descending channel provides a pattern that has a downward slope that typically indicates that the price to go long if price breaks above resistance. XAG/USD to extend its rebound towards 23.9 as XAG/USD loses bearish momentum.

Silver: Falling Wedge

XAG/USD, 1 hour    LONG Mar 22
There is a falling wedge exposed and the price is about to break out. A falling wedge is a specific bullish chart formation with a downward bias that is used to signal a next move up when price breaks out. It is not ruled out that a bullish run to 22.6 will be made.

Silver: Descending Channel

XAG/USD, 1 hour    LONG Jun 8
There is a descending channel observed and the price is ready to break out soon. A descending channel is considered to be a useful indicator that can be used to predict the more likely potential of rising prices once price breaks above resistance. XAG/USD points to the upside to 24 as XAG/USD resumes the upside.

Silver: Descending Triangle

XAG/USD, 4 hours    SHORT Dec 28
There is a descending triangle taking place. A descending triangle represents a bearish price pattern that signals that the price to go down when price breaks below support. XAG/USD to extend the correction lower to 24.3 on a breakout of the descending triangle.

Silver: Rising Wedge

XAG/USD, 1 hour    SHORT Jan 19
It seems like XAG/USD composes a rising wedge. A rising wedge typically identifies a potential bearish reversal in price action once price breaks out. It is possible that corrective downside towards 22.85 will form.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jun 15
There is an ascending channel happening and the price breaks out. In case if price breaks out, the resulting move could predict a bearish price action. XAG/USD risks a move towards the 23.6 mark on impulse below 23.75.
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