Welcome fellow Tradingviewers,
This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like.
With that being said, we can start analyzing one of the less known rare metals around.
We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week.
We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof.
Lets look at the chart
Since the 2017 ATH we have almost exacty seen a 100% increase in the price.
Since 2017 we have been breaking ATH's at a fast rate.
I can already hear the voices: 'you dont want to buy at ATH'
Lets analyse this.
The reasons for buying now:
- Palladium has overtook Gold in the list of most precious metals
- We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator.
- The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement.
- Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media.
- Industry applications are only getting better with China leading the way.
- Tightening regulations regarding car mufflers will only increase demand in the car industry.
- Hydrogen electricity plants are getting ready in the next 2 years
- Moving averages are very Bullish
- RSI and MACD bearish divergences can still be ignored
- Let me know in the description below
The reasons for not buying here:
- Huge increase in price
- Trading at ATH
- RSI and MACD bearish divergence
- Let me know in the description below
I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like!
Kind Regards,
Forallcrypto
This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like.
With that being said, we can start analyzing one of the less known rare metals around.
We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week.
We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof.
Lets look at the chart
Since the 2017 ATH we have almost exacty seen a 100% increase in the price.
Since 2017 we have been breaking ATH's at a fast rate.
I can already hear the voices: 'you dont want to buy at ATH'
Lets analyse this.
The reasons for buying now:
- Palladium has overtook Gold in the list of most precious metals
- We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator.
- The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement.
- Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media.
- Industry applications are only getting better with China leading the way.
- Tightening regulations regarding car mufflers will only increase demand in the car industry.
- Hydrogen electricity plants are getting ready in the next 2 years
- Moving averages are very Bullish
- RSI and MACD bearish divergences can still be ignored
- Let me know in the description below
The reasons for not buying here:
- Huge increase in price
- Trading at ATH
- RSI and MACD bearish divergence
- Let me know in the description below
I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like!
Kind Regards,
Forallcrypto