1
KEby u/kevin76·57mAnalysis

SLV pushing resistance, but momentum seems weak

Been watching $SLV today, and while it's made a decent run towards yesterday's high of 54.29, the lack of conviction on the hourly candles suggests a struggle. It's currently hovering around 53.95, and if it can't cleanly break and hold above 54.00, I'd anticipate a retracement towards the 53.50 area. The risk to this idea, of course, is a sudden surge in buying volume that pushes it decisively past 54.30 on strong momentum, which we haven't seen yet.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this