Platinum came out of the descending channel with strength and volume, I expect a small retracement to the area of the rectangle to position myself in purchases until the area of $ 1300
Good luck and big proffits!
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...
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...
There is strong support holding platinum up. The momentum will continue soon.
Platinum currently selling at a fair price to buy and hold in long term. I suspect it will hit the next two targets within a few months.
𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 (𝙋𝙇1!) — 𝙀𝙒𝘼
The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the “Supercycle” degree, is taking place in most...
Hopefully Michael Oliver approves my work!
In any case, looks like the bull era for platinum has just started and is completing it's first important pull back.
Quarterly candles with a custom 15 month moving average. The strong move was made from bear zone to bull zone.
Now time to rest and test those important breakout levels (now support).
Still have a 1430$.
Platinum retested the support at 1140. this is a very strong support technically for platinum.
Additionally, the fundamentals for platinum has not really changed. Buying platinum here with the aim to ride back the demand for the metal which ensures a greener world and lower carbon economy, be it due to the catalytic converters for the internal combustion...
