Platinum
Huge inversion for platinum after long term trendline breach!Hello my beauties,
Platinum has breached a long term trendilne and accumulated for about 4/5 years. After a spring and an SOS, the price retested a very long term trendline. Please check my previous analysis below this text.
It is now forming an inverted head and shoulders with a price target of 995.
Don't miss out on monitoring the price around the green area!
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Peace.
Luca, TrickleDownFX
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
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"
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
Platinum Wyckoff analysis, Accumulation! 2150 TARGET!Platinum is in Phase D of an accumulation.
It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside.
I'll be entering my long term trade around the 935/920 area.
The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations.
Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions.
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Peace.
TrickleDown FX
Platinum Long possibility after BOS.Hello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the Platinum where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S .
Bullish pressure pushes the market up and after the retest of the right shoulder we should see Platinum take its flight to the moon.
We also have seen the counter-trendline break wich indicates we are bullish .
Last but not least we see the market create H&S and a rejection of the retest.
This means we are satisfied and ready to take the trade.
Have a good week!
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello.
I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
Current correction is testing the lower edge of the channel.
Estimating that around November 12 we will see PLG at around $14 for a +4x gain.
Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run
This chart is full of good historic data showing strong potential for quick gains
PLATINUM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
PLATINUM is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: PLATINUM is forming a channel in orange but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, PLATINUM would be overall bearish can still trade lower till the 900.0 support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP / Platinum (INTRADAY!) - SHORT tradeHello traders,
New trade is ready for a setup! Potentially pretty big trade.
We saw platinum making a bearish moved continued by a bullish pullback, slow movement.
Now we saw a H&S develop to confirm our bearish intentions on the structure that this pair made.
Lets wait for our indicators to check for the entry.
Kind regards@
PLATINUM a move to 1000 🦐PLATINUM on the 4h chart is currently testing a daily support.
The market after the break of the ascending channel is testing a potential neckline.
According to Plancton's strategy if the price will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Global Gold picture 🔥🚀What do we have on the gold chart? Let's look at the global picture!
Gold updated the high of 2011, then corrected and found support at 1677$.
It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also acts as strong support.
What to do and when to buy?
It is best to wait for the price to break out of this range. If the gold breaks the upper resistance level and tests it as support, it will be a good opportunity to buy with a target above the ATH.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade