Platinum
Seasonal $XPTUSD Platinum LongIt is time to start considering a major platinum trade in either spot or $PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.
Platinum looking strong bullHello!
Platinum looking really bullish. We got here a beatiful higher low pattern and a vertical line which has worked as resistance.
This resistance has been tested 4 times. What I have seen usually 5th or 6th time does it.
Also RSI has already broke it's own the resistance line and used it even as a support. This gives me a strong bullish view.
Platinums demand is also getting bigger. Car makers are starting to use platinum instead of expensive palladium on exhaust systems.
If you are not holding for long term and are trading. Use stop loss.
Otherwise you will get your ass burned!
Take care
Jebu
possible long for platinumPrice action tested the 200MA and bounced upwards and crossing 100MA, I've placed a buy stop above market noise to possibly catch this long. I don't like the risk to reward because it's near a resistance zone.
GDX - Miners are Ready to Rock and RollGDX - Miners are Ready to Rock and Roll
Keeping this short and simple
Daily/Weekly Set-up
Entry on Pre-market Gap-up or 32.25 double bottom if we drop (which i doubt)
1st Target = 38
2nd Target = 42
Hodl target = 45+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
For those of you wondering how silversqueeze is going...A few quite prominent analysts have bashed the idea that the campaign is behind silver's ascent, saying it was due a breakout. It is true, Silver was due a breakout as was Gold. Platinum has arguably broken out and fallen away. As the chart shows, I think Silver would have been slapped down like the other two (as has happened several times in the last few months). Targets range from between $39 and $50 dollars for this next leg up and that was before the campaign. This could go even higher with the added push. Expect noise and volatility
PLATINUM on the 0.618 🦐PLATINUM after the last impulse found a resistance at the 1130 area.
The price from there retraced at the 1055 level over the 0.618 fibonacci retracememnt.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long 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.
PLTM is bullish on daily and weekly MACI modified two scripts to plot Jake Bernstein MAC and Williams A/D. PLTM is bullish on weekly and daily time frames. Swing buy at the bottom of the channel ($10.75).
Platinum over Gold and Silver?Precious metals sold off some but in light of Ms. Yellen moving in to Treasury, a continuation of her currency expansion is likely. To disregard physical precious metals as perhaps the only safe store of wealth seems to be folly. While the gold/silver ratio has fallen from nearly 120:1 down to the mid 70s, Silver is no longer the best value. The Platinum Silver ratio had ranged from 126 down to 33. At it's current 43 level, it does seem like the place place to put new cash.
XPT USD SELL (PLATINUM - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
Platinum 8 hour Pin bar As of now price is chewing on the tails of the Pin bar but the Pin is still in the play. Look for price reversal to the upside still.
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.
Platinum retesting the breakoutPlatinum is in for a treat. Having retraced its breakout, it has clear skies ahead.
Next volume defined target is $1450 by October 2021!
90 min Platinum future chart shows possible CMF crossing down 0 Watch out here.
If the 0 line holds it would be bullish given the strong seasonality.
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.
Break-out of channel on rising volume. Sky's the limitSylvania has finally broke out of its channel its been in for all of 2020.
Chronically undervalued stock - history of 60%+ rev growth but with a TTM P/E ratio lower than its much larger competitors such as Impala Platinum.
Expect it to rally this week in the same vein as Tharisa (LON:THS), which rallied 80% in a matter of weeks, before ending the year at 200p+.
Platinum shorts should be very nervous here2 Day chart shows price and StocRSI having hidden divergence while price is way above 200 day EMA. This is a sign of trend (up) continuation.
Plus, seasonality chart indicates that the month of Jan is traditionally a very bullish month for the metal with average 3%+ gain followed by a even stronger February.
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.
Platinum Group Metals $PTM simple Bullflag setupThe consolidation in Platinum Group Metals $PTM should see a nice breakout to the upside soon.
Pin bar for continuation...90 min chart
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.
