The blue lower line is long term support. Rather self explanatory, T1 ~1285. Should you enter now, prepare for a reaction of some sort to BTC's movement.
Not financial advice, be safe out there.
I do not expect it to go up, or to go down. Expect nothing, or you will have nothing left.
Detecting some bearish divergence and decreasing volume. Idea is invalidated if it takes out swing high. This is also a price range with quite bit of resistance. Will need strong volume to push through. Not financial advice.
During the last financial collapse, platinum was in the spotlight and formed a bubble that burst. Today, we're near a decade low. Yet if you look at the MACD, RSI, Accumulations/Distribution, you see some nice bullish divergence indicating some accumulation potentially going on. We'll see some sort of recession within the next 10 years (I know this isn't rocket...
I'm in this for the long term, but I can't help but to think that the last analyst that liked the stock in late February caused a price pattern that looks nearly identical to this recent one. I traced the previous pattern and placed it below the current one, they look slightly related. In the absence of more news, I expect it to fall to the trend lend around...
Will it be another leg up, or into a correction? There appears to be some bearish divergence on the MACD/RSI. Probability on the lower time frame favors the bears, but it appears the overall trend is still bullish on the daily.
*This is not financial advice in any way, but rather, my personal opinion which should only be used educationally.
Good luck to all.