ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow:
1) Bitcoin / BYBIT:BTCUSDT
2) Ethereum / BINANCE:ETHUSDT
3) Tether / COINBASE:USDTUSD
4) Binance Coin / BINANCE:BNBUSDT
5) Solana / BINANCE:SOLUSDT
6) US Dollar Coin / KRAKEN:USDCUSD
7) XRP / BINANCE:XRPUSDT
8) Dogecoin / BINANCE:DOGEUSDT
9) Tron / BINANCE:TRXUSDT
10) Toncoin / OKX:TONUSDT
11) Cardano / BINANCE:ADAUSDT
12) Avalanche / BINANCE:AVAXUSDT
You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line.
On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B.
It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC.
You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following).
With this info, you can conclude to a range of different outcomes, including but not limited to:
🥠 Using crypto as a hedge against traditional assets
🥠Using microcaps as a hedge against BTC
🥠 Microcaps carry more risk
That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto.
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Growth
MULTIBAGGER Series - Stock 2Hello everyone!
I am back with 2nd company of the multibagger series.
The company name is Wise Travel India Ltd. with NSE code as WTICAB.
Wise Travel India Limited is a transport company that offers car rentals and transportation services across 130 cities in India. The company offers a range of services including car rental, employee transportation, end-to-end employee transport solutions (MSP), flexible fixed/monthly rental plans, airport counters, fleet management, mobility services for MICE, cutting-edge mobility tech solutions, sustainable mobility, project mobility solutions, strategic consulting and advisory on mobility, and community commute.
The company is currently available at a cheaper valuation than the stock 1 of multibagger series. The stock P/E is 27 which is lower than 30 of the previous company and the ROE and ROCE is higher and a good 26.4% and 22.4% respectively. Promoter holding is also at a higher side standing at 69.4%
Such companies earlier used to come under unorganized sector but after their listing and success of OLA and UBER and increasing urbanization, such companies have successfully entered organized sector and growing their market base and clientelle.
Investing in such companies will make our portfolio diverse and as they are smallcap company, chance of giving multibagger returns are more from such companies.
Investing in such companies bring a high risk factor so please do your own analysis before investing.
Hope you learned something new from this post.
Do like, share and follow me. Thank you!
DEEPBOOK Set for Explosive Move to 0.11!?The current DEEP/USDT 4-hour chart shows the price consolidating after a strong upward move, and now it's nearing a crucial decision point. Using Fibonacci retracement, we can identify key support and resistance levels that could dictate the next big move.
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Key Support Zones:
The price is currently sitting near the 0.618 Fibonacci retracement level, historically a strong area of support for a potential bullish bounce.
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Further support is found at the 0.5 level, indicating that there’s a high chance the price could reverse upwards from here.
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Strong support from SUI/USDT, as indicated in the chart, adds extra confidence to the bullish potential.
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Resistance Levels:
The first major hurdle lies around the 0.786 Fibonacci level and the psychological resistance at 0.100.
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If the bullish momentum continues, the long-term target could be the 1.618 Fibonacci extension at 0.113, signaling significant upside potential.
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Price Action Scenarios:
In the bullish scenario, the price could bounce from the current support levels, pushing towards the 1.618 extension for an explosive move upward.
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In the bearish scenario, if the support fails, the price could dip further towards the 0.382 or 0.236 Fibonacci levels before finding solid footing again.
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In summary, DEEP/USDT is at a pivotal moment. A breakout from here could lead to massive gains, while a failure to hold support could trigger a deeper correction. Don’t miss this potential opportunity as the market braces for its next big move!
AEVA 200% indoor labs selects Aeva because significant advantages in its 4D LiDAR technology to improve safety, security and operational efficiency at major U.S. airports, mass transit railways, agriculture, and in smart infrastructure at theme parks, cities, and other large venues across the U.S. can't see it dumping on this news time for lift off.
Back with another value stock for playing the next 4 years The Foxx is back.
After a stellar success of ALTM, I dont think I have to mention to my esteemed followers the power of value investing.
I wont give you all the jagron of the DCF and the P/E Multiples on this platform but feel free to DM me for additonal info.
ENPH, my new entry. Previously, I did not mention my holdings in ALTM but to put things in perspective, i owned 100,000 stocks at 2.21 of ALTM. Sold 50,000 at 4.9 and 50,000 at 5.4 respectively. i'll let you do the math on the realized numbers.
Enphase is a strong clean energy stock. and with data centres going clean and the news flash of nuclear power deals with the AMZN MSFT GOOG, people and Mr. Market is missing out on one good and important factor. Nuclear will take 5-8 years to kick in. till then it is wind and solar.
so, without boring you more, I would like to announce to TV and the followers of Foxx Invest that The Foxx has initiated a position in ENPH at 83.92 of 1800 stocks with a buy order for more 1000 at 73.0
Please do not take this as investment advice. this is me sharing my position.
Stick to value investing and if you have more than 2-3 lines (only trendlines) on your chart - you will take losses. Period !!!!!
Take care
Make money - thats the only thing that matters in life after health and family.
Foxx
LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons.
- The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's.
- Margins for the company have all been steady, and remain an industry leader.
- Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus)
- The stock is seeing a severe correction, on par with its past decade corrections.
Above is bullish sentiment on LULU, and can be considered the "bull/base case"
Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal.
- Weaker forward projections compared to last 5 years.
Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth.
- Macroeconomic environment.
Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing.
These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment.
Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed.
Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point.
Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
Oh shoot !Our moon mission candidate of the day guys has to go to Suilama.
If you don’t know, the dev of solama (Sol) took his talents to the Sui blockchain and is attempting to replicate that success on the Sui blockchain.
It just got verified and audited by Cyberscope, a partner of Coinmarketcap and Coingecko. This is bullish, considering it’s relatively new meme.
This is not financial advice, do your due diligence when investing and have a blessed day!
Measurable Data (MDT)MDT is a decentralized data exchange economy built on the Ethereum Blockchain.
mdt token is a standard ERC 20 token and facilitates the economy of the MDT ecosystem, It denominates the value of big data and serves as mechanism for utility in the ecosystem.
recently Chain announced the acquisition of the MeasurableData platform in a deal worth over $100 million
in a month MDT price moved from 0.025 to 0.036 and today we had 80 million volume
short tg 0.039 , 0.043 , 0.051
DAL Chart ReviewI recorded this chart review yesterday.
I do like DAL for long term momentum here. As you can see, however, it has been a very difficult stock in the past. Kind of ironic how the hack on MSFT that impacted Delta actually played out to be a bottoming area so far.
Time will tell how this plays out. But I am certainly biased to the upside.
The bull market in Mediterranean rice bowlsWhile many investors spend weeks or even months searching for the next big AI stock, a company from a different sector has quietly taken the spotlight since the start of the year. With Mediterranean rice bowls as their signature offering, CAVA has surged to a market value of $15 billion and has become one of the top-performing stocks of the year up 200% since its IPO and even more than that since the year began.
Here are some quick facts about CAVA and the industry:
Market Value: CAVA is now worth $15 billion.
Stock Performance: CAVA has been one of the top-performing stocks in 2024 despite tech stocks remaining the preferred sector.
Fast-Casual Health: The fast-casual healthy dining sector is rapidly expanding, crushing companies like McDonald's as consumer preference changes.
CAVA's Niche: Mediterranean cuisine, with its focus on fresh ingredients, has resonated with health-conscious consumers. How much further can this go?
Expansion Plans: CAVA is aggressively expanding its footprint, opening new locations across the U.S.
So what's the lesson here? Well, I am not buying or selling this. I am late and missed it! The point of this story is that it can pay to look in other markets when everyone is focused on a specific sector. The biggest wins can come from unexpected places—like a Mediterranean rice bowl.
New Technologies Can Push Stocks to New HighsNYSE:CAT easily moved above the resistance highs from March and out of its sideways trading range, making new highs. The white candle on lower volume was interesting: intraday showed pro traders in control toward the end of the day as retail traders and smaller funds started selling prematurely. A resting pattern would be a lower-risk entry to prepare for the breakout.
Caterpillar, Inc. has new technologies coming to market. The company unveiled its new technologies for mining on Sept 24, 2024. It reports earnings on October 29th. If you are trading or holding this stock, check support levels but be patient.
NTL New Talisman Gold Mines LtdBuying long term position in high risk gold miner today
Exploration company but just purchased plant to start producing gold...
Technically this has bollinger band squeeze at $0.023 cents per share - it definitely is a penny stock! don't think I've ever bought something so low in 20 years...!!
Could have massive reward to risk if it turns profitable i.e. reward to risk >50X
I'm happy to lose the entire investment in this as the potential reward to risk is massive (and very rare...) especially in businesses that are involved in producing something of value that is tangible...
High risk for sure, but I believe they have done 11 years of research and starting to buy equipment to produce so they see value there...
Celsius Holdings | CELH | Long at $30.00Celcius Holdings NASDAQ:CELH suffered quite a drop over the last 5 months, but it was highly overvalued. While I still view it as fairly overvalued with a P/E of 28x, it's reporting itself as a healthy company, almost no debt, with a bright growth future. Going into earnings, it could have a nice run, but I am staying highly cautious.
From a technical analysis perspective, it fell through my selected long-term simple moving average (white line) and may have a nice bounce from here off the next major support level (blue lines) into earnings. If it does, I expect resistance near $40. Thus, at $30.00, NASDAQ:CELH is in a personal buy zone.
Target #1 = $39.50
Target #2 = $43.00
Target #3 = $47.00
Target #4 = $72.00 (long-term view if no recession...)