XPTUSD trade ideas
PlatinumWednesday, 29 September 2021
1:03 AM (WIB)
As expected, Platinum start falling down from this valid downtrend resistance at $1.006, and keep fall. When the price pass below 0.5 F, it would open possibility for the price to test the support lines again. At this stage, I will prepare several set up purchase orders on Platinum again.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PLATINUM may be on the verge of a strong year-end rally!XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally.
However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it since May 18 2021 with the rejections on it being brutal every time. In 2020 once it closed above it, the price soon started a strong rally. Notice how the RSI is on Higher Lows now in similar fashion as in 2020.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes
--------------------------------------------------------------------------------------------------------
PlatinumMonday, 27 September 2021
3:12 AM (WIB)
After created Bullish reversal with 13% ROI, Platinum shown resistance at 1 F. So, I'm expecting Bears could use this momentum for move down the price chart into my Golden Zone Area around 0.236 F.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PlatinumMonday, 20 September 2021
19:16 PM (WIB)
Platinum just broke the lowest price at $896. It means the price could open possibility to move more lower into 52 Weeks low at $830. Which have support from descending channel to hit that point. I would prefer to keep watch the movement periodically. The question is "What condition on Platinum market that has been fall so far from $1.300 into $896?" I need to find out the answer.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Cup and Handle May be formcup and handle is not a typical pattern but i see it a lot😎
. we have divergence
. volume might rise
. wyckoff is rising
PlatinumGotta love Platinum and its big weekly triangle. We finnaly broke out of it with a giant IHS in my previous analyses (long time ago) i said it will go to 1500. In my opinion we are on to a strong support level now and i doubt if we go lower than this for me its a nice buy the dip.
Lets see if its gonna make a nice uptrending channel. And if it will break out of this Falling wedge
PlatinumFriday, 17 September 2021
13:16 PM (WIB)
Platinum seems has found new support area between $913 - $919, this could be shown from strong bullish movement at these spot. Even price chart still has more possibility to reach $830 - $850, I will try to open purchase orders while the price is near the new support area.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PLATINUM PLATINUM TECHNICAL ANALYSIS
Meanwhile Platinum, the major commodity commonly used in the auto motor industry to reduce emissions, has been at the discretion of supply as Emerging markets continue to experience decreases in short-term supply, hindering the progression of bullish continuation, with prices stalling at Fibonacci support while the CCI falls into oversold territory.
PlatinumSunday, 12 September 2021
2:50 AM (WIB)
Platinum seems still possible to move lower and hit $800. It's seen as it breaks down the Triple Mountains pattern inside Descending Symmetrical Triangle.
I won't sell or buys until the movement clearly to see. Keep watch and learn.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Bullish PlatinumPlatinum corrected to pre-pandemic Trend and is following in this pattern.
3 strong pullbacks displayd with regression trends before breakouts.
Accumulated the last month for change of direction to follow trend.
Waiting on EMA to confirm Bullish action.
From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts, increased production of EV's, back to normal production of vehicles and increases in tech demand.
Long term investment opportunity