XPTUSDprice formed ascending channel and breakout the trendline and i see small correction ,so i set stop entry
PLATINUM trade ideas
XPTUSD bearing signals appearXPTUSD has broken the channel support line indicating a move lower however many key indicators are converging.
A small head and shoulders appears at the same area also indicating a downward move.
Breaking the neckline alone in this case isn't enough because zooming out this is still an bull market and I don't like to go short in a longer term upward move so I'll need to see more evidence of a reversal.
Momentum indicators such as MACD with default settings indicate a move lower (not included as chart is getting busy). However 100 EMA may be acting as support.
I'll be looking for a failed test of the right shoulder of the head and shoulders before going short (indicated by blue direction line) or alternatively a break below of the "support level 1" line and the 100 EMA.
If the longer term bull market continues then for a long trade I'll be conservative and wait for highs above the head (Resistance Level 2), and hopefully make some pips before (Resistance Level 3).
Still learning and new at this so looking for other people's views on how this might materialise.
PLATINUM bounces over the support 🦐After the attempt to break the recent highs Platinum started a descending movement inside a counter channel.
The price, which is moving inside a major ascending channel, reached the support area over the lower trendline.
According to Plancton's strategy if the conditions will be satisfied we will 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.
Platinum could fall to 1000After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300
However, the rise is corrective and we can expect a new leg down soon.
From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel.
Bears hold the upper hand now and rallies above 1200 should be sold.
1k important support could be the medium-term target and a daily close above 1300 would negate this scenario
PLATINUMLong term trend analysis, An extended wave 3 analysis currently on going.
This analysis is a multi timeframe analysis.
XPTUSD weeklyI expect this will be the move for platinum, in General. I already posted the 4h chart , and this is the weekly chart, please leave your comment if any.
XPTUSD PlatinumI expect platinum to keep its rally for a while,I tried many ways to with XPT, but best which worked with me was Elliot waves, I wish its clear, please don't hisitate to leave your commnet.
Break below 50 MA and lower trend line = bearishIf we can bounce of the lower trend line and 50 MA = bullish. If we break below = bearish.
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance.
The market approached the daily structure and recently break above.
According to Plancton's strategy if the conditions will be satisfied we will set a nice long order.
–––––
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.
PLATINUM XPTUSD1. Monthly - breakout
2. Weekly - Bullish trianlge
3. Daily - ichimoku clout all systems good to go
Platinum speculation. Try to notice dependence.Right now plat's doing big round in month chart, as you can see there are many signals to open L's.
1) Alligator
2) CHOPP
3) Woodies CCI
Breakout repeats itself from time to time, look at Choppiness index and Woodies, can you see it?
There are many strong supports and additionally right now half of crypto ppl are scared of keeping money in their market - we got May and BTC has not reached another ATH for a long time.
They are switching to a different, more stable market - this market.
PLATINUM moving higher 🦐PLATINUM on the 4h chart is moving between an ascending trendline and a daily resistance.
The market is now approaching to the structure and according to Plancton's strategy if the price will break above we will set a nice long order.
–––––
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.
About damn time... the bear is back in hibernation!Major break from a very long yearly trend. Reversal confirmed with move to ATH and beyond. Metals are back!
PLATINUM GOLD SILVERLooks like Platinum outperforms both gold and silver at this point and time. I am long all 3 metals
