Rhodium has found a trendline but it early days . A weekly close above the previous week will be a start.
Some market factor leads to a peak in Mar for the last 4 years.
* None of what i write here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose your money.
Platinum and Rhodium have a very good correlation. Rhodium has a massive breakout. Will Platinum follow?
If the 200 period MA supports the price, it seems like a good buying opportunity with a stop-loss order below the local low at 1750 USD. Price quotations over 1900 USD are a good sign for continuing the bullish trend. At least targeting the ATH at 2600 USD.
I see the second half of the W pattern forming, all moving averages are fanning out well, plus supply and demand dictates a rise in price, due to rarity of this particular commodity. I estimate a break in price levels above 1.5m usd per kilo. We should see some record breaking RISE prices in the coming weeks.
mapping rhodium's price discovery. why is there no better chart for this metal on here? :(
buy the physical stuff the stuff from Baird
Rhodium - Hyperwave chart On Phase 7 - demand shock , supply shock - lets see what happens