There is an ascending triangle arising.
An ascending triangle is believed to be a reliable bullish chart signal that spots the bears have run out of steam if price breaks above resistance.
It is possible that a bullish run towards the 24.2 level will take place.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
May 15
There is an ascending triangle developing, XAG/USD lacks a steady move to confirm a breakout.
An ascending triangle is a compelling indicator that is used to indicate extending an downtrend when price collapses through the support line.
A move to the 24.15 level is on the cards on a downside break.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Mar 17
A rectangle has been distinguished, the price is about to break out.
A rectangle predicts that prices are likely to keep rallying upward in case if price breaks out.
There is a chance of a further rangebound to 22.1 on a breakout of the rectangle.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Apr 14
It seems like an ascending channel is close to being completed and XAG/USD calls for a further strong move for the certainty of breakdown.
An ascending channel can be thought of as a specific formation that has an upward slope that often identifies a further move down when price collapses through the support line.
XAG/USD to prolong the corrective phase to 25.8 on a breach of 25.95.
Silver: Pennant
XAG/USD,
4 hours
LONG
Nov 24
There is a pennant encountered, the price is ready to break out now.
A pennant represents a formation that is used to predict an extension in the upward direction in case if price breaks through the resistance.
A rangebound to 23.9 looks possible as the commodity sticks to the positive mood.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Feb 1
There is an ascending channel materializing and XAG/USD requests a further correction to confirm ascending channel breakout.
An ascending channel is believed to be a reliable bearish pattern that can be used to indicate that prices move counter to the prevailing price trend if price breaks through the support.
XAG/USD to plummet to 22.9 as the commodity nears 22.96 hurdle.
Silver: Ascending Channel
XAG/USD,
1 day
SHORT
Dec 12
We can see that the price forms an ascending channel and the price is close to breaking out.
An ascending channel describes a chart signal that can be used to signal a bearish price move when price breaks through the support.
It is possible that a rangebound towards 23 will form.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Feb 8
A falling wedge has been discovered and XAG/USD calls for a more bigger move as a verification of a breakout.
Once price breaks through the resistance, the move could indicate a further move up.
There is a possibility of a bullish continuation towards 22.4 on a break above 22.36.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Sep 29
We can see that XAG/USD completes an ascending channel and the price is about to break out.
Once price breaks down, the resulting move could identify that the price to go short.
It is not ruled out that a rangebound to 22.8 will occur on a breach of 22.95.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
May 31
We can see that a descending triangle arises, the price calls for bigger rise to confirm descending triangle breakout.
A descending triangle is believed to be a useful bullish price action signal that is used to predict a move up once price breaks out to the the upside.
A bullish continuation to 23.35 is a possibility on a breakout of the descending triangle amid the commodity recovers from recent lows.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Sep 1
An ascending channel has been encountered and the price demands a steady bearish impulse as evidence of a breakout.
An ascending channel is an indicator that results in a next move down in case if price collapses through the support line.
It is likely that a further bearish move towards the 24.8 mark will take place while below 24.9.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Apr 18
There is an ascending triangle distinguished and the price requests a steady move to confirm a breakout.
An ascending triangle tends to be a technical indicator that can be used to indicate a bearish move in case if price breaks through the support.
XAG/USD risks potential downside to the 25.2 zone while below 25.24 as XAG/USD challenges 25.24 hurdle.
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Silver · XAG/USD