SILVER/USD 4H Chart

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SILVER/USD 4H ChartSILVER (US$/OZ)TVC:SILVERcryptodailyukπŸ“Š 1️⃣ Market Structure Medium-term trend: up Higher lows Higher highs Price remains above the trend line (orange) Last impulse: πŸ‘‰ breakout above 84.5 πŸ‘‰ reaching below the 91–92 zone Now we have a correction after the impulse. πŸ“ 2️⃣ Key Levels πŸ”΅ 91.6–92.0 Resistance/Supply Zone The market has been rejected here. πŸ”΄ 84.5 First strong support πŸ”΄ 80.5 Structural support (more important) πŸ”΅ 71.1 Large HTF support πŸ“ˆ 3️⃣ RSI (H4) RSI has moved out of the overbought range Currently ~55–60 No bearish divergence This looks like a healthy correction in an uptrend. πŸ“‰ 4️⃣ Stoch RSI It has moved out of the oversold range and is reversing upwards. This often means: πŸ‘‰ the end of a local correction πŸ‘‰ an attempt to re-attack resistance πŸ”₯ Scenarios 🟒 BULLISH SCENARIO (more likely) If the price holds: πŸ‘‰ 84.5 Then we have: a retest continuation an attack at 91.6 a potential breakout to 99.4 πŸ”΄ BEARISH SCENARIO If we lose: πŸ‘‰ 84.5 and close H4 below Then: a move to 80.5 a possible test of the trendline