PLTR: When will this crash stop? Key points for PLTR!
Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we have a bearish bias, and PLTR is just seeking its support levels. For now, it seems the $ 21.21 is holding the price, after an intense drop. Below this point, only the $ 20.55 is left for us, and we still could hit there, if we lose the $ 21.21 again.
PLTR is going up thanks to the Piercing Line pattern, which appeared just above the 61.8% Fibonacci’s Retracement. The $ 20.55 is the pattern’s low, and if we lose this point, then it’ll cancel the bullish thesis.
However, as long as we trade above the retracement, we’ll be fine. If we find a support there and do another bullish pattern, it might trigger another buy opportunity.
The $ 22.67 is still a pivot point, and if defeated, this could lead PLTR to the $ 27.47 again. We just need to reverse the bearish bias seen in the 1h chart, and this won’t be an easy task. Although we are near support levels, there is no good bullish reaction around. Let’s wait for more confirmation.
Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it!
Thank you very much!
First, in the 1h chart, we have a bearish bias, and PLTR is just seeking its support levels. For now, it seems the $ 21.21 is holding the price, after an intense drop. Below this point, only the $ 20.55 is left for us, and we still could hit there, if we lose the $ 21.21 again.
PLTR is going up thanks to the Piercing Line pattern, which appeared just above the 61.8% Fibonacci’s Retracement. The $ 20.55 is the pattern’s low, and if we lose this point, then it’ll cancel the bullish thesis.
However, as long as we trade above the retracement, we’ll be fine. If we find a support there and do another bullish pattern, it might trigger another buy opportunity.
The $ 22.67 is still a pivot point, and if defeated, this could lead PLTR to the $ 27.47 again. We just need to reverse the bearish bias seen in the 1h chart, and this won’t be an easy task. Although we are near support levels, there is no good bullish reaction around. Let’s wait for more confirmation.
Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it!
Thank you very much!
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