Despite the hullabaloo around Bitcoin getting adopted as an official currency of El Salvador (or perhaps because of it), the cryptocurrency sold off sharply from previous-support-turned-resistance at 53,000 this week.
Now, bulls and bears have drawn their lines in the sand, with support likely near the 200-day EMA and previous resistance in the 42,000 area and...
After a precipitous drop to test support near 23.00 (the 38.2% Fibonacci retracement of the March 2020 – March 2021 rally) early this month, Silver has spent the last three weeks consolidating in a range between 23.00 and 24.00.
As experienced traders know, volatility tends to be cyclical, meaning that markets alternate between periods of large trending movements...
