Friday, 17 September 2021
13:16 PM (WIB)
Platinum seems has found new support area between $913 - $919, this could be shown from strong bullish movement at these spot. Even price chart still has more possibility to reach $830 - $850, I will try to open purchase orders while the price is near the new support area.
"Live to Ride...
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...
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,...
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.
As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel.
We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
Sunday, 12 September 2021
2:50 AM (WIB)
Platinum seems still possible to move lower and hit $800. It's seen as it breaks down the Triple Mountains pattern inside Descending Symmetrical Triangle.
I won't sell or buys until the movement clearly to see. Keep watch and learn.
"Live to Ride and Ride to Live"
Hello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the Platinum where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S .
Bullish pressure pushes the market up and after the retest of the right shoulder we should see Platinum take its flight to the moon.
I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
Hello everyone, if you like the idea, do not forget to support with a like and follow.
PLATINUM is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: PLATINUM is forming a channel in orange but the...
New trade is ready for a setup! Potentially pretty big trade.
We saw platinum making a bearish moved continued by a bullish pullback, slow movement.
Now we saw a H&S develop to confirm our bearish intentions on the structure that this pair made.
Lets wait for our indicators to check for the entry.