As we can see a falling wedge develops and XAG/USD wants a more bigger bullish continuation as an information of a breakout.
A falling wedge often results in an extension in the upward direction once price breaks out.
A further bullish move towards 22.8 stays on the cards as weakness seen overdone.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Apr 14
There is an ascending channel happening, the price is about to break out.
An ascending channel describes a useful pattern that identifies that the price to go short in case if price breaks through the support.
There is a possibility of decline to 25.6.
Silver: Descending Triangle
XAG/USD,
1 hour
SHORT
Sep 25
As we can see a descending triangle has been identified and the price is going to break out soon.
If price breaks down, the move could identify the more likely potential of falling prices.
XAG/USD to maintain its negative tone towards the 23.65 zone.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Sep 14
It seems like the price sets up a descending channel and the price breaks out.
A descending channel often predicts a countertrend succeeding the current trend in case if price breaks out.
XAG/USD points to the upside to the 23 zone.
Silver: Bullish Flag
XAG/USD,
1 hour
LONG
Nov 1
There is a bullish flag encountered and XAG/USD demands a next strong move as evidence of a breakout.
When price breaks out to the the upside, the move could predict a bearish-to-bullish trend reversal.
There is a possibility of a rangebound to 23 as minor hurdle remains at 22.9.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Mar 15
There is an ascending channel noticed.
An ascending channel tends to be a technical formation that spots prices are likely to keep falling downward once price breaks out.
XAG/USD to push down to 21.5.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Sep 25
There is an ascending channel happening, the price is close to breaking out.
An ascending channel typically identifies a bearish price move if price breaks through the support.
XAG/USD risks extending drop towards 23.2.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Jan 12
There is a descending channel distinguished, XAG/USD requests a further impulse up for clear breakout confirmation.
A descending channel often predicts that the price to go up once price breaks above resistance.
A bullish push up towards the 23.2 zone about to be made on a breach of 23.08.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Jul 20
An ascending channel has been identified, the price is about to break out soon.
An ascending channel results in the more likely potential of falling prices once price breakdown occurs.
There is a chance of corrective downside to the 25.35 zone on a break below 25.37.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Aug 11
There is an ascending triangle poping up.
An ascending triangle often identifies an extension in the downward direction when price breaks down.
It is likely that corrective downside to the 22.7 zone will happen on a breakout of the ascending triangle as there is a chance of further weakness.
Silver: Ascending Triangle
XAG/USD,
1 hour
LONG
Mar 29
As we can see an ascending triangle emerges and the price is breaking out.
If price breaks above resistance, the move could identify the more likely potential of rising prices.
It is not ruled out that a bullish move to 23.6 will occur as XAG/USD probes 23.5 hurdle.
Silver: Pennant
XAG/USD,
4 hours
LONG
Jun 7
A pennant has been distinguished.
A pennant describes a compelling indicator that spots that the price to go long once price breaks through the resistance.
XAG/USD to resume its rise towards 23.8 on a breakout of the pennant as downside pressure seen easing.
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Silver · XAG/USD