Buy Platinum Platinum in a bull trend has touched the bull trendline and the support at 1,000$. Good buy.
PLATINUM trade ideas
Platinum hidden divergence on 8 hour and 2 Day chartsThis hidden divergence would normally mean the up trend continuation...would need some confirmation.
I am taking an aggressive position here and will observe a tight stop.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Bullish PotentialPrice may rallies upward as seen on Monthly time frame
Indicators signals long
Volume supports long
Moving Average Strategies In this video, I explained the following.
What is MA?
What different types of MA are out there?
Strategies and combination with other patterns.
The Platinum bull market has begun...REPOSTApologies, the previous idea came out weird.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
The Platinum bull market has begun.As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
XPT is going to fly to 1150 and aboveXPT is going to fly to 1150 and above
XPT just break the 1000 level and retested
Therefore we can buy XPT
SL 980
TP1: 1150
TP2: Hold for long term
PlatinumWednesday, 16 December 2020
17:39 PM (WIB)
Platinum is breaking out the historical descending downtrend lines
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
XPTUSD Technical outlook Bullish scenario: XPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
XPTUSD Technical outlookXPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
Platinum $ spot: might history repeat itself?💡 A bearish bias is applicable below 1031
Downside target (LIKELY): 1008
Upside target (UNLIKELY): 1048
Downside price momentum supports the bearish trend. RSI is at 64. Will the price action repeat the previous move? See the red rectangles.
XPT Platinum - My theory when to go longThis is my personal analysis for XPT. I'm not a psychic, so I'm not guaranteed to be profitable all the time, however I like to take my shots.
Buy $900
SL 766
TP 1172
This is not investment advice, risk at your own will.
LONG ALL THE WAY!Hello friend, Platinum has broken out of the H&S pattern; this reminds of the days when gold broke the H&S pattern before the wild run we saw in previous months. Based on the pattern, I would buy platinum in the support zone indicated in the cart; more of a positional trade rather than a day trade. The target for the broken H&S comes around $1,500 which means 40%+ gain in the coming weeks/ months. Keep in mind that Platinum did not have similar run like gold or silver, so it is likely Platinum will outperform other metals in the next rally.
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Good luck!
Plat SellzTook an early entry last week, expecting this week to provide some bearishness for metals & foreigns
Platinum - bullishPerhaps the B wave looks too much like 5 waves to be a B wave but even if it is then we would still be looking at the early stages of a C wave. Bullish either way.
