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.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Apr 21
As we can see an ascending channel has been observed, XAG/USD wants a further bigger bearish move as a signal of a breakout.
An ascending channel often signals a move down in case if price breaks down.
XAG/USD to maintain its negative tone towards 25.3.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 6
XAG/USD completes a falling wedge, the price demands a further active move as a verification of a breakout.
A falling wedge is considered to be a bullish pattern that is angled down that indicates a next move up once price breaks out.
XAG/USD points to the upside to 21.2 on a break above 21.12 as minor hurdle remains at 21.12.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Jan 19
We can see that the price shapes a bearish flag and XAG/USD lacks steady pullback to confirm bearish flag breakout.
A bearish flag provides a pattern that has an upward slope that results in a move down in case if price breakdown occurs.
It is not ruled out that a move towards 22.65 will happen on impulse below 22.7.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Mar 30
There is a rectangle diagnosed, the price calls for a further steady bullish continuation as a verification of a breakout.
When price breaks out, the move could spot a sharp rise.
A bullish push up towards 23.55 is not ruled out as the commodity becomes bid.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Mar 17
There is a descending channel discovered, XAG/USD lacks a bullish impulse as proof of a breakout.
A descending channel is a reliable price formation that signals that the price to go long if price breaks above resistance.
XAG/USD to extend its rebound towards 22.
Silver: Rectangle
XAG/USD,
1 hour
SHORT
Jan 31
A rectangle is very close to being finished and the price is ready to break out.
If price breaks down, the move could predict a bearish price move.
XAG/USD to slide to the 23.1 level on a breakout of the rectangle.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 28
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 4
There is an ascending channel detected, the price is ready to break out now.
An ascending channel represents a bearish price action indicator that is used to spot a break during an uptrending market once price breakdown occurs.
It is possible that extra downside to the 25.6 level will occur once below 25.7 as door open for a test of 25.6.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Jan 2
We can see that a bearish flag has been encountered.
When price collapses through the support line, the resulting move could identify a temporary interruption during a rising market.
It is likely that a bearish push down towards 23.9 will form.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Nov 10
A bearish flag is almost done and the price is ready to break out.
When price breaks out, the move could spot that the price to go short.
There is a chance of a rangebound to the 22.5 zone on a break below 22.56.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Sep 1
As we can see an ascending triangle is very close to being finished, the price is close to breaking out soon.
An ascending triangle typically identifies a next move down once price breaks below support.
It is possible that a bearish move towards the 24.8 mark will form.
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Silver · XAG/USD