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The Long Investor - SILVER - TOP 20 - SAFE HAVEN -
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The Long Investor - $ETH - TOP 10 -
About This Title
This squeeze for Silver is now getting very tight in this wedge as the price is testing the blue support line at $49...
The downside risk here would be the 200 WMA at $39 but that’s not a level I’m looking to see tested, and it doesn’t have to be.
Ideally, I would like to see support hold here and the price break above the 50 WMA at $69, where it would enter the Bull Case.
For now, we’re looking for confirmed support here..
Still no changes to the chart... the price is in a very tight wedge where something has to give very soon, and ideally, we want to see the price break out.
Remember, it is normal for Silver to feel the initial pressure of the market before bouncing.
This squeeze for Silver is now getting very tight in this wedge as the price is testing the blue support line at $49...
The downside risk here would be the 200 WMA at $39 but that’s not a level I’m looking to see tested, and it doesn’t have to be.
Ideally, I would like to see support hold here and the price break above the 50 WMA at $69, where it would enter the Bull Case.
For now, we’re looking for confirmed support here..
Still no changes to the chart... the price is in a very tight wedge where something has to give very soon, and ideally, we want to see the price break out.
Remember, it is normal for Silver to feel the initial pressure of the market before bouncing.
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