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STRKUSDT | Change in Trend?Is this the bottom? STRKUSDT is showing a potentially game-changing head and shoulders pattern, and we've just seen an impressive 8H candle bounce off the resistance level! Trade Setup This setup looks incredibly promising, with the target price of 1.8 aligning perfectly with the head and shoulders pattern target. With a solid 3:1 risk-reward ratio, this trade is shaping up to be a fantastic opportunity. Could this be the trend reversal we've been waiting for? Let's see how it plays out!
Long
by minno91
Bullish bias on GBPCAD on Friday June 07.What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R. What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way. Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD. My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
Long
by hascardenas
||XRP/USD|| BULLISH MEDIUM TERM PROJECTION!XRP is currently sitting within a longer term consolidation phase ranging for roughly 300+ days. price is currently resting just above ranging support (between 0.47-0.50). In the following points I shall express why my perspective in the medium term is bullish. Pendant formation: even though this formation is neutral meaning the price can go either way, i am more confident in an upward breakout based on various confluences. projections for this formation can place the price either 0.655 for the long or 0.40 for the short, which would be an excellent buy in, however, there isn't a very high likely hood prices will reach these levels in the medium term, or maybe not even in this bull market in my opinion. Sup & res: Price is currently being pressured into the support levels by both the current formation as well as the 100 EMA. (spring effect) MACD: as seen on the 3 vertical lines placed on the convergence prior to a big volume spike which led to rallies, all of which reached resistance levels between 0.71-0.73. current market structure shows another convergence as volumes cross into the green and averages converge. this could be an indication of yet another breakout to our target, and potentially, with a 66.67% chance, price reaching previous resistance of 0.71+. let me know what you think about this analysis. criticism is encouraged! thank you for reading!
BITFINEX:XRPUSDLong
by Crisp_Flow
4
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
BINANCE:MANAUSDLong
by ew-forecast
Shipping Corporation Of India Showing Expected Up-Side MomentumCompany has reduced debt. Company has delivered good profit growth of 24.4% CAGR over last 5 years Strengths Long track record of operations along with diversified business segment SCIL is one of the largest shipping companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals and nominees of GOI. The long track record has helped them establishing relationships with major PSUs in India like IOCL, HPCL, BPCL, ONGC, etc. The company have diversified business segments which includes crude oil/product tankers, dry bulk, offshore services, and container operations, and has a presence in passenger vessels, chemicals, and gas transportation. SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels. Acuité believes that SCIL will continue to benefit from its long operational track record and established relationship with the PSU's./b] Strategic importance to Government of India With more than six decades of operational track record, SCIL, remains strategically important to the Government of India. The company have been playing a pivotal role towards supplying vessels for the Indian Government key operations such as Mars Orbitter Mission of ISRO (Indian Space and Research Organisation) and other defence missions via agreement with DRDO (Defence Research and Development Organisation). Furthermore, SCIL have created strategic alliances with other governments such as Maldives, Andaman & Nicobar Islands for providing maritime services among islands. They have also been serving projects of national importance by partnering with ONGC and Geological Survey of India (GSI) for offshore services. Apart from that, the company deployed its container vessel on direct "India - Middle East Shipping Service" which connects East & West Coast of India with Middle East ports of Jebel Ali and Hamad and will also cater to other ports in Persian Gulf. Stable business operations The business operations of the company remained stable over the years marked by healthy growth in revenue from operations by -25% CAGR over FY21-23 period. The consolidated company achieved revenues of Rs.5794.01 Cr. in FY23 compared against Rs.4988.08 Cr. in FY22 and Rs.3698.09 in FY21. The improvement in revenue is attributable to significant improvement in liner freight indices and bulk segment due to significant improvement in charter rates. A surge in the tanker charter hire rates helped the Tanker Segment to post significant profits. The dry bulk segment is still recovering from historically bad period and loss of key cargoes such as iron ore exports from India, resulting in long non-profitable ballast legs thereby putting pressure on earnings. Although, in later parts of 2020, dry bulk trade recovered remarkably well on account of stimulus packages given by various governments and with China, the main driver of dry bulk demand, recovering quickly from COVID-19 crisis. Simultaneous occurrence of multiple factors conducive for the dry bulk shipping business, viz., spike in dry bulk materials demand, strong trade in grain, coal and iron ore segments, low active fleet growth maintaining tonnage balance etc. gave a good push to the dry bulk rates. Also. strong trade growth and tapering dry bulk carrier deliveries bode well for the near future. Healthy Financial Risk Profile The financial risk profile of the company remained healthy marked by strong net worth, gearing ratio and comfortable debt protection metrics. The tangible Net worth of the company stood at Rs.6902 crore in FY2023 as against Rs.5974 crore in FY2022. The debt/equity of the company improved and stood comfortably at 0.37x and 0.53x as on 31 March 2023 and 31 March 2022 respectively. The TOL/TNW of the company improved and stood low at 0.66x as on 31 March 2023 compared against 0.82 times as on 31 March 2022 respectively. The debt protection matrices of the compar mained comfortable marked by interest- coverage-ratio of 9.45x and Debt-service e ratio of 2.30x for FY2023. Acuité believes that financial risk profile of SCIL may remain strong owing to no major capex plans and stable profit accretions.
NSE:SCILong
by iism-ExpertTrading
TLT Is Coming Into Key Support Within A Corrective DeclineTreasury bond TLT has been trading lower since the start of 2024, but after an impulsive rally at the end of 2023, we believe it's just making and finishing a deep A-B-C corrective decline. It's actually now coming into key strong support zone at 61,8% - 78,6% Fibo. retracement and channel support line, from where we should be aware of bounce, recovery and continuation higher back to 2024 highs. Just keep in mind that bullish confirmation is only above channel resistance line near 92.00 region, while invalidation level remains at 82.45.
NASDAQ:TLTLong
by ew-forecast
1
Bunching of Moving AveragesTypically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing on a 5day (can also be seen on a weekly). Examples of this same bunching of moving averages can be seen on ETH, DOGE, BTC, etc. if you go back in time. Currently, Cardano is one of the only ones that is in this position.
KRAKEN:ADAUSDLong
by seanders_
1
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper Short Term View: Daily Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330 Medium Term View: Weekly Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390 Long Term View: Monthly / 3Months Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact Enjoy the Multi-bagger ride of Hindustan Copper.... Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends
XAU/USD (GOLD) Bullish view: NEW ATH as Support -> $2.5kIn this GOLD/USD trading analysis, we delve into the market movements since 2020, focusing on the formation of a harmonics pattern and the confirmation of the previous low-loading region as support. Notably, the market surpassed resistance around $1500, signaling a significant bullish momentum. Further analysis of the daily timeframe reveals a trend of treating the loading zone, particularly at the monthly level, as support, potentially confirming another loading zone. After surpassing the previous all-time high (ATH) of around $1800, the market established new resistance levels near $2000, leading to a period of sideways consolidation until the end of 2023. Recently, we observed a breakout, with the previous ATH of $2000 now being treated as support multiple times on the daily timeframe. Looking ahead, it's probable that the market will consolidate sideways, possibly retracing to touch the $2000 level as support before another bullish push. However, it's crucial to monitor developments closely, as a breakout above $2000 could lead to it being treated as support, altering the trajectory of the price action. Regardless of short-term movements, price targets are set between $2300 to $2500. Scalpers are advised to examine lower timeframes to identify shorting opportunities to the loading zone. As always, it's important to remember that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are encouraged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is emphasized as a reliable strategy, with a reminder that investing often outperforms frequent trading. Wishing all traders success and profitable trades. Keywords: GOLD/USD, trading analysis, harmonics pattern, support levels, resistance levels, sideways consolidation, bullish momentum, price targets, scalping, dollar-cost averaging, investing, risk management, trading advice.
OANDA:XAUUSD
by PlutusX