Buying shares of PLG at this confluence of trendlines and support. With platinum (XPT) currently being so undervalued while having bullish looking chart, I see this as potential 20-30 bagger. Great RRR.
Entry : 2
Targets : 10, 40 and 60
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do...
As some of you may have noticed, the precious metals sector is showing signs of life after a recent cycle bottom. This is great news for bulls. But I'm writing this to show the long-term view. In this monthly chart, you can see we're coming to the exciting edge of the cup of a decades-long cup-and-handle. Cup-and-handle is one of the most bullish chart formations...
Platinum is a rare precious metal used in jewelry, electronics, and scientific equipment. Platinum prices are highly volatile, even more so than gold. As platinum supplies remain low and demand high, platinum prices will likely remain volatile.
Platinum price formed a strong bullish rally last Friday due to the stability above the breached resistance at $1000.00...
XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally.
However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it...
PLATINUM on the daily chart broke the perfect descending channel and now testing a daily resistance.
According to Plancton's strategy if the price will break and close above we can set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
We have support on level 965-955 USD. RSI is on the 50 %.
Possible move on this week is LONG. Probably target is : 1015-1030 USD.
Good Luck !
Each analysis is in the form of help, it is not investment advice, everyone has to think about their idea
Platinum corrected to pre-pandemic Trend and is following in this pattern.
3 strong pullbacks displayd with regression trends before breakouts.
Accumulated the last month for change of direction to follow trend.
Waiting on EMA to confirm Bullish action.
From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts,...
Platinum is in Phase D of an accumulation.
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used...
There is strong support holding platinum up. The momentum will continue soon.
Platinum currently selling at a fair price to buy and hold in long term. I suspect it will hit the next two targets within a few months.
Platinum - xptusd looking bullish on the monthly chart making new highs and leaving behind demand footprints. Im expecting further upside on this metal and will be looking to take longs on dips as the main trend for this metal is bullish imo.