After rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart).
After reaching this support the price started to consolidate last week and finally has broken up.
Now the price came to confirm this break and is trading in the last resistance now support zone.
I expect a new leg up above 1k...
As I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade.
Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we...
Trade Idea: Buying Platinum
Reasoning: Retesting key resistance on intraday chart. Looking for a break higher.
Entry Level: 928
Take Profit Level: 961
Stop Loss: 920
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
HELLOOOOOOOOO PIPPIN PEEPS!!! I hope you're doing well...THIS IS THE NEXT MEAL ON MY PLATE. I AM LOOKING TO SHORT PLATINUM FOR THE NEXT 6 to 12 months all the way to $900. Great risk to reward. Trade with care...PIPPIN PEEPS!
Platinum has completed a backtest on the upward resistance line (now support) of the bearish wedge pattern it has been trapped in for 12 years.
A breakout and a retest is incredibly bullish and i'd expect the price to reflect the set up we are seeing by 2023/2024 by reaching old highs.
PLATINUM on the daily chart tested a few times the weekly dynamic support before moving to the upside.
The price is moving into a descending channel and is currently testing a daily resistance.
According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
As you ca see Platinum has broken out of a descending triangle within a upward channel which has been well respected so far.
There was recently a false break out of that channel but has since regain it's poisiton.
Target @ 0.786 fib extension level which is rather conservative within the daily time frame.
On a weekly this looks even more enormous as show n in...
XPTUSD LONG - Platinum - Buy Entry - H4 Chart
Symbol: XPTUSD - Platinum
Entry Price: Buy @ Market
Stop Loss: 921.05
Take Profit: 990.62
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support
at 770 $- 820$ area I expect the price to continue going down the path to...
Hello investors and speculators!
I think this is my first ever stock idea here, on tradingview.
Looking at multiple years and decade ahead - we have very unique opportunity to participate in this investment/trade.
This is surely not for trading rather investing. I believe Platinum/Palladium are going to play a big role in risk-off game this coming decade or...
PLATINUM on the daily chart broke the perfect descending channel tried to break above the 1060 resistance structure without success.
The price tested then the 0.382 Fibonacci level over a support and we can expect a new attempt of a break to the upside during this week.
According to Plancton's strategy if the price will break and close above we can set a nice...
Platinum - XPTUSD - monthly chart is trending up very nicely after pulling back down for a correction in the past few months. I'm anticipating a continuation of the bullish trend for platinum in the coming months.
After dropping under 1000 figure, Platinum has managed to recover and now is trading at 1058
I expect a new leg up from XptUsd and 1030 zone could be a good place to buy for a rise to 1150
Platinum back under 1k zone would negate this scenario
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.