TURBO/USDT: LOOKS READY FOR AN ATH!!Hey everyone!
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TURBO looks good here. It breaks out from the descending triangle and a retest is also done to, make a double bottom-like structure. Buy some here and add more up to $0.0038
Target1:- $0.0047
Target2:- $0.0061
Target3:- $0.0073
Target4:- $0.0086
SL:- $0.0034
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Breakout
XRP/USD at a Crossroads: Major Move Imminent!Welcome to another Wolf of Block Street analysis, where we dive into the latest market trends and chart the potential paths ahead!
XRP/USD is at a pivotal juncture, with indicators pointing to a potential significant move in either direction. After years of consolidation, XRP has established strong support at key levels, suggesting that a breakout above recent resistance could trigger a major bullish move. Howewer on the bearish side, XRP is contending with resistance from a downtrend line and declining volume, which eventually could lead to the liq grab to the downside before further upside.
The coming trading sessions will be crucial in determining whether XRP breaks higher or dips lower, making this a critical moment for traders.
Fundamentally, I still believe XRP is the best crypto coin, thanks to Ripple’s extensive work in building a robust payment network and continue their work despite the SEC lawsuit. XRP is faster and more efficient than Bitcoin in every way, offering quicker transaction times and lower fees. An NFT platform is also being built on the XRP-Ledger and we can finally say that Bitcoin and XRP are the only digital assets that have achieved any regulatory clarity!
On that note, thanks for reading!
Make sure to follow me on X for weekly updates: @PuppyNakamoto
SWING IDEA - AVANTI FEEDSAvanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through this level, suggesting strong bullish momentum.
Symmetrical Triangle Pattern Breakout : The stock is breaking out of a symmetrical triangle pattern, a bullish continuation pattern indicating potential upward movement.
Strong Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Break of Consolidation Zone of 5+ Years : Avanti Feeds is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
target - 770 // 900 // 975
Stoploss - weekly close below 485
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@visionary.growth.insights
XRP doubts for long positionI am trying to create a plan for XRP. As far as I know, this cryptocurrency carries a high level of risk. However, the chart appears to be very bullish to me after a prolonged period of consolidation. My strategy is to wait for it to reach one of the current fair value gaps on either the 4-hour or daily timeframe, and then make a move. XRP has already formed a swing low, so I anticipate a new swing high to be reached soon. BINANCE:XRPUSDT
TKO is poised for a major multi-year breakthrough!Weekly Chart
The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level.
Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern.
After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline.
However, the stock found support at the 200 WEMA and rebounded from that level..
At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around.
The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment.
Daily Chart
The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern.
Since then, the stock has maintained its upward trend and is now close to a major breakout.
The rising volume indicates that the price is preparing for an upward move.
BTC - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the $70,000 round number, BTC has been overall bearish trading within the falling channel marked in red.
Currently, BTC is hovering around the lower bound of the channel which is lining up perfectly with the $50,000 round number.
🏹 The highlighted blue circle is a strong rejecting area to expect the bulls to kick in from.
📉 However, if the $50,000 fails to hold, a bearish continuation towards the $40,000 demand zone would be expected.
Which scenario do you think is more likely to happen and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC: ASCENDING TRIANGLE BREAKOUT! READY FOR 70K!!Hey everyone!
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BTC is breaking out from the ascending triangle pattern in 1hr time frame. We have an important resistance at the $60kk-$62k level. Once we break and close above this resistance level, expecting it to hit $70k soon.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
AMB (AirDAO) - Expect huge bounce back from the supportCRYPTO:AMBUSD (1W CHART) Technical Analysis Update
AMB is currently trading at $0.00810881 and showing overall bullish sentiment
Price has hit support multiple times and always bounce backend from the support zone, this support zone has never broken in the last couple of years. Fundamentally AMB is strong token with huge potential for growth.
Entry level: $ 0.00818628
Stop Loss Level: $ 0.00424781
TakeProfit 1: $ 0.01232100
TakeProfit 2: $ 0.01819480
TakeProfit 3: $ 0.03440407
TakeProfit 4: $ 0.09336532
TakeProfit 5: $ 0.17993132
TakeProfit 6: $ 0.36364228
TakeProfit 7: $ 0.88043750
Max Leverage: Spot or 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
CERA SANITARYWARE is At ALL TIME HIGH with Positive NumbersNSE:CERA
Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for around 47% of turnover in fiscal 2024.
Over the past few years, Cera has been leveraging its strong market position in the domestic sanitaryware industry by venturing into related business segments, such as faucets, tiles and wellness and allied products, thus becoming a complete bathroom solutions provider. Successful diversification into related businesses has helped lower dependence on the sanitaryware business, besides improving the efficiency of the distribution network.
Intense competition and volatile demand from the real estate sector led to sluggish revenue growth in fiscal 2024. However, with improving demand prospects expected and demand from real estate to remain healthy with projects reaching completion over the next 2-3 years, revenue in the sanitaryware segment is likely to see healthy growth over the medium term. Sanitaryware, faucetware, tiles and other products accounted for 47%, 36%, 10% and 7%, respectively, of the company’s turnover in fiscal 2024. Also, the company has presence across various domestic markets in south, east, north and west, providing adequate geographical diversity.
Healthy financial risk profile: Networth was healthy at Rs 1,358 crore and gearing low at 0.02 time as on March 31, 2024. Debt protection metrics are expected to remain strong, in the absence of large, debt-funded capex and healthy operating performance. Cash accrual is expected at ~Rs 180-230 crore per annum and will comfortably fund the capex plans in fiscals 2025 and 2026 and incremental working capital requirement. Hence, reliance on debt is expected to be low, sustaining strong debt metrics over the medium term.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 31.4%.
ZERO DEBT COMPANY
Cash and Cash Equivalents
of Rs. 828 crore; primarily
liquid investments.
• No Contingent Liabilities for
Joint Ventures
POSITIVE FREE CASH FLOW EVERY YEAR
Consistent cash generation each year
• Annual Capex requirement < Free Cash flow
generation.
• Increasing gap between annual cash flow generation
less dividend outflow and capex.
• Regularly paid dividends for the last 30 years +
AGGRESSIVE FOCUS ON CAPEX
Fixed Asset turnover of ~5.6x.
• Uniform organization-wide policy to
monitor receivables – credit not used
to drive revenues.
• ERP automatically shuts down fresh
supplies to dealers / customers with
dues in excess of 45-60 days
Multilayered Marketing Infrastructure.
⚫ Enhances retail experiences, retailer owned
⚫ Currently 1,067 Cera Style Centre’s (CSC’s)
operational
⚫ Over 1,400 CSCs planned in the next 3-4 years
⚫ Minimum size of showroom ranges between 100 sq.
ft. - 500 sq. ft.
Multilayered Marketing Infrastructure
⚫ 11 CERA Style Studios (CSS): Ahmedabad / Mumbai /
Bengaluru / Kolkata / Cochin / Hyderabad / Trivendrum
/ Morbi / Kadi / Mohali & Lucknow (Upcoming)
⚫ Discerning customers including influencer's can touch
and feel products
⚫ No sales orientation / pressure
⚫ The average size these company owned showroom are
approx. 7,000 sq.ft.
⚫ With more than 14,000 sq.ft. of display, Hyderabad CSS is
the largest company showroom in this industry
FAKE BULL SEASON is OVER!As can be seen, the rising trend that took us from the bottom to the new ATH has been broken and according to the Fib levels, it does not appear that the decline will stop before 56K.
My guess is that the decline will stop temporarily at the minimum angle trend level, that is, 50K, but I do not think we will see a new ATH this year.
BTC 1D OUTLOOKBitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news?
The chart is pretty clear, HTF is bullish, still above the 1D 200EMA but LTF is bearish. BTC has clearly broken its uptrend and is now in a bearish trend channel, although there has been a breakout attempt, for now it seems to be a fakeout. For me this leaves 2 scenarios;
- Trigger 1 is a breakout trade where confirmation is needed to avoid another fakeout, this includes making a higher high after a new lower high and therefor confirming a new bullish structure after breaking out of the bearish channel.
- Trigger 2 is more of a bearish scenario but one I believe would be better in the long run. There is a large inefficiency area between 52K-56.5K, price seeks to fill these fair value gaps and as long as that area is left unfilled it will always attract price to it, now this could be filled at anytime in BTC's lifespan but it would make the most sense to do it now rather than after price has another huge rally as the risk of a complete capitulation move down to fill this area would grow. Another reason I believe it makes the most sense is that the 1D 200 EMA is at the bullish OB+ level, in a Bullrun this level is a great point to enter longs as it provides strong support. Adding all these layers of confluence suggests this bullish OB+ area should it provide a positive reaction, would be a good area to enter longs which also would mean the altcoin market would also see a positive move as it is currently massively oversold and would bring traders to be more risk on.
The halving so far has not brought the desired bullish narrative that a lot of people expected but it would never going to be a reason for Bitcoins price to suddenly move up, it's one that will gradually have an impact as the supply shock has a lasting effect on miners and institutional investors.
Patience is key in this game, I believe that this quarter will remain a choppy frustrating one as BTC cools off after a year long rally and gets ready for the next leg up. Making sure that the portfolio is a strong as it can be for the next leg of the Bullrun is key and capital preservation is number 1. Trading because of boredom can be very costly. Stick to your plan as best you can to avoid any mistakes.
EURCHF - Another Bearish Move
Hello Traders !
Previously, The EURCHF formed a bearish double top pattern.
On the daily time frame, The EURCHF broke the support level (0.94601 - 0.94958).
At the moment, This key level becomes a new resistance level !
So, I predict another bearish move 📉
______________
TARGET: 0.93375🎯