Skip to main content

palladium sliding towards 620s

Palladium among the metals are losing their shine for second week in row.

Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$.

A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead .

On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$

Stop loss will be on close above 675$ .

All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber.

However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.

Popular posts from this blog

storj update - 1h chart very bullish

Following up on previous analysis  for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

5 crypto Investments that will make you a fortune

After 3 month of research based on business model analysis , technical analysis , market sentiment and market trends , I have reached to a decision of making a portfolio of 5 crypto currencies that have a big potential during the next period. It is expected that initial investment will almost have 4x return atleast , which means if you invest 10k , you will have a potential of reaching 50k atleast , there are 2 tokens out of the 5 tokens have a potential for almost 25x return on initial investment. The coins belong to projects from 4 different industries, they are issued by very succesful companies and supported by famouse blockchain creators and advisors.  I will help you create a profitable portfolio and follow up on these investments with weekly updates which will guide you to make the right entry and exit points. Feel free to contact me anytime on twitter @b4borio or email me at boriology@gmail.com