Demand will resume soon which means price will go up. Exactly when is hard to say, but it is sound logic. Palladium is needed for your car, when factories open up again, it is obvious what is going to happen. We have touched the first Fib. level and now appear to be going sideways. We could still drop to the Golden ratio but this could be an accumulation phase.
Stocks in various sectors saw significant gains yesterday, a strong indication that the worst may be behind us as reports of a slowdown in the growth of the COVID-19 virus emerge and China begins to resume its' production.
Not much else to say. Join my TG in the description for more updates on this one. Have a good one ladies and gents.
Good fundamentals, good technicals to go in for a long. Check out my TG channel in profile description if you are interested in more ideas and alerts. Till next time.
Still sitting on the sides till a clear break to the upside can be seen. If you enjoy my content and want to show some love and support please consider joining my telegram channel. Link in profile description. Keep safe out there guys.
For more updates on this idea please consider following my Telegram channel. Link in profile description. Peace.
Now let's first be clear. Once again I will repeat this is not financial or investment advice. This is also not technical analysis. The airline industry has been one of the hardest hit sectors; we don't even need to discuss why. The only question one needs to ask is: will airlines recover? I think so, and an ~80% drop since 2018 exacerbated by panic selling and an...
As you can see, BTC has fallen back into the descending triangle that began forming in June last year. Whilst indicators point towards a buy, I am personally waiting for a clear break of the triangle and the apex point. No amount of TA is going to bring certitude as to what is happening right now. Play it safe, be patient. There is no need to rush in.
Gold rebounded sharply around key 0.618 fib regions meaning people are looking at EW and Fib ranges for an interim play in uncertainty.
With a 50 BP rise in a sea of red, Kraft Heinz is showing that investors are soaking up the advice of buying high-yield stocks propagated by prominent financial news outlets and figures.
A high yielding stock may have appeal to traders and investors as a measure of safety and precaution and being in the medical sector helps, too.
Adding this idea because it got put in the BTC section. Check my other ideas for more clarity. Cheers!
Although I still believe in the King, Ethereum from my wave analysis still seems to have a lot more upside potential.
Now might be a good time to start laddering in till about $200 where the golden ratio lies. However, if the price continues to decline it may be wise to abandon altogether. If one prefers to play it safe, it may be better to wait for the dust to settle first.
Bitcoin is bullish in the long term as investors and traders hedge for geopolitical events. Yet, as we can see it has far succeeded its' wave extensions and must therefore correct to a conservative range of $8000-$9000 before resuming the upward trend...
Next major resistance is still approximately 6-9% away and thus far, all indicators still point towards a buy.
Rhodium, the beast of a parabolic commodity is set to take a nosedive as it's brothers Platinum and Palladium have done. The reason behind this is quite understandable: Palladium and Rhodium are very useful and very precious rare metals which help reduce carbon emissions. Many countries are aiming to go clean by 2050, and so investors are looking to buy in early...