SILVER | 1H TIMEFRAME
Price is breaking out of the falling wedge + forming a cup-type rounded bottom from support.
📊 Technical Overview:
• Cup formation breakout spotted ✅
• Price attempting to sustain above falling wedge resistance
• 55 EMA & 25 EMA crossed bullish
• Volume buildup visible
• All-Time High Resistance remains at 116664 (HTF)
📍Key Levels:
• Immediate Resistance: 11270–11300
• Breakout Zone Support: 11135–11100
• Upside Target: 11360 - 11440
• Invalidation Below: 11080
Retest of the breakout may offer an ideal long entry with a tight stop.
Price is breaking out of the falling wedge + forming a cup-type rounded bottom from support.
📊 Technical Overview:
• Cup formation breakout spotted ✅
• Price attempting to sustain above falling wedge resistance
• 55 EMA & 25 EMA crossed bullish
• Volume buildup visible
• All-Time High Resistance remains at 116664 (HTF)
📍Key Levels:
• Immediate Resistance: 11270–11300
• Breakout Zone Support: 11135–11100
• Upside Target: 11360 - 11440
• Invalidation Below: 11080
Retest of the breakout may offer an ideal long entry with a tight stop.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.