We are creating a double bottom on XAGUSD ,.. March 5th and March 23rd..
We are also on lower levels of rising channel on dailies..
We have plenty of room to go up .. like in 28+ USD territory on this next leg up, so even as there might be a small chance on testing MA 200 at 24.2usd I really feel (forbidden word for tech analysis.. feel..) .. I estimate more chance on keeping the channel rising than braking the channel and test MA200. But this is a chance.. Like it did in November 2020.
Nevertheless, I'm in LONG for the Silver .. and feel :) good for this position.
Stoplos 1 ATR down -> 24.3
PT 2 ATR's UP -> 26.8
We are also on lower levels of rising channel on dailies..
We have plenty of room to go up .. like in 28+ USD territory on this next leg up, so even as there might be a small chance on testing MA 200 at 24.2usd I really feel (forbidden word for tech analysis.. feel..) .. I estimate more chance on keeping the channel rising than braking the channel and test MA200. But this is a chance.. Like it did in November 2020.
Nevertheless, I'm in LONG for the Silver .. and feel :) good for this position.
Stoplos 1 ATR down -> 24.3
PT 2 ATR's UP -> 26.8