TechnicallyCrypto

TechnicallyCrypto Updated 

Platinum futures just successfully tested a 33 year old support/resistance level at $650-$800. Price is moving hard now (allegedly on China stimulus news) and a challenge of the ~$1,200 area in the next weeks to months looks highly plausible. Entering a long now isn't optimal, but a pullback towards or below $800 is much better.

TechnicallyCrypto Updated 

A strong case can be made for the past two weeks of trade being nothing more than simple bearish consolidation before continuation. Today's move lower certainly looks like the beginning of that continuation. A low volume rise to $9700-$10,000 is a decent short entry with a measured move target to $8100 and a stop loss on a confirmed move above $10,200. With our...

TechnicallyCrypto

Silver has made a strong move off a longer term double bottom around $14 going back to last summer. The move above and subsequent retest of $16 confirms this, and now price is heading higher yet again. In the shorter term, a pullback to $17-$17.50 looks like a layup BTFD scenario. Should price get into the $20-$21 range with acceptance, a squeeze to $25-$26 looks...