$SILVER just hit $32, huge CUP & HANDLE breakout ongoing!Silver (XAG/USD) has just hit $32!
Silver's been climbing steadily since the March 2020 plandemic lows, with all moving averages nicely upcurved, signaling strong trend support. We're in the midst of a huge Cup and Handle breakout, confirmed by a solid retest, showing robust momentum.
The RSI's move into bullish territory (62.5 atm) hints at much more room for growth ahead. Potentially years.
We're eyeing $35 as the first big resistance, which matches the Triangle Target. The ambitious targets are $44.6 for the Cup and Handle and $35.2 for the Triangle, suggesting significant potential.
Remember, silver hit $50 14 years ago, then fell to $13 by 2016, and has been pretty dull below $20 for 4 years until tripling since the so called 'COVID'.
I expect this upward trend to continue for years with growing demand. Also, when the current crypto bull market cools down, silver could still be one of the best exits.
Unless you already are sick with your CRYPTOCAP:BTC and especially CRYPTOCAP:ETH and maybe even CRYPTOCAP:XRP 💙👽. Then stay tuned, this is only an introduction, I will be posting some trades when I see a good set-up.
This asset is much more serious than all alts put together, have a look at the chart with all the uses of this beautiful metal. By far, my favourite asset in case of s**t hitting the fan on a global scale.
