Google / Waiting for the earnings reportGoogle refuses to break out of the 'stacked channel,' that channel where the candles are tightly packed side by side. It’s a bit frustrating that the price isn’t making any move or decision, but all we can do now is wait for the big earnings report day for the price to decide its direction.
Stay tuned on Tuesday, the 29th, after the market close!
Best Regards
Holding
$SEI breakout confirmed! Time to go long!SEI/USDT Long Setup:
SEI/USDT has broken out of a symmetrical triangle pattern, which is generally considered a bullish signal.
CMP: $0.3285, with a retest zone at $0.3191.
Entry: Around current price or retest zone.
Targets:
T1: $0.3500
T2: $0.4000
T3: $0.4500
T4: $0.5000
T5: $0.5500
Stop Loss: $0.3 (below wedge support).
Leverage: 5x-10x (use caution).
Risk: Manage position size based on tolerance.
Descending Channel Breakout done!🚨 NYSE:AXL is breaking out of a Descending Channel pattern on the 1D chart, which is typically a bullish reversal signal.
📈 Entry Point: $0.60 to $0.65
🎯 Targets:
$0.78
$0.88
$1.28
$1.64
$2.38
🔄 Trading Options: NYSE:AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.50.
📊 About NYSE:AXL :
AXL (Axelar) is an innovative project in the crypto space, offering decentralized cross-chain communication for Web3 applications, enabling seamless interaction between multiple blockchain networks.
📢 DYOR, NFA
Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough.
I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways.
Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout!
Best regards.
#VANRY has the potential to go 5x!🚀About Vanar Chain
Welcome to the world of VANAR Chain, a cutting-edge blockchain ecosystem where efficiency, speed, and security converge. At the heart of this revolutionary platform is VANRY, our native gas token, designed to fuel transactions and smart contract operations within the VANAR Chain.
Our strategy is to accumulate the coin on every dip. This means that when the price experiences a temporary decrease or correction, we take advantage of the lower prices to increase our position in the coin. This approach is based on the belief that the overall trend of the coin is positive and that buying during dips could lead to potential profits when the price rises again.
We highlight the relatively mid-cap market capitalization of $279 million for #VANRY, which could be seen as an opportunity for growth, especially in challenging market conditions. Smaller and mid-cap market caps have the potential for higher volatility and greater price movements.
The accumulation zone for VANRY is above $0.196.
#DYOR
#QTK, THE BACKTESTING PLATFORM COIN, COULD SURGE 20-30X!QuantCheck (QTK) is a platform designed to enhance cryptocurrency trading strategies by providing users with the ability to simulate past market conditions. It's akin to a tool that allows traders to test their strategies as if they were using a time machine. With a limited supply of just 120.75 million tokens, there's substantial potential for growth. Having utilized the platform myself, I find it immensely beneficial.
The recent launch of the QTK token has sparked my interest, and I see parallels between its potential and that of AITECH. I've made a significant investment in QTK, motivated by both its effective product and promising tokenomics.
As of now, QTK is trading at around $0.65, with an accumulation zone estimated between $0.70 and $0.64. In the short term, over the next 4 to 8 weeks, I anticipate a price target ranging from $2 to $5. Looking ahead to the mid-term, spanning 3 to 6 months, I foresee potential targets of $5 to $12. In the long term, I believe QTK could reach heights of $20 to $30.
I'm optimistic about the future of QTK, considering both its technical aspects and fundamental strengths. Feel free to share your thoughts and analysis in the comments.
DYOR,NFA
#SOLARA Looking Good for Long-Term Holding around 1 YearStrengths:
Established market position in key APIs, along with strong customer and supplier relationships: Solara has a strong portfolio of APIs in key therapeutic segments, with expertise in anthelmintic, anti-malaria, anti-infective and non-steroidal anti- inflammatory. Furthermore, it has been increasing its focus on the non-steroidal anti-inflammatory segment by adding capacity and working on other therapeutic segments. Solara has a diversified customer base, with more exposure to regulated markets. Its longstanding presence in the industry has helped Solara build healthy relationships with customers and suppliers.
Moderate financial risk profile: Solara's financial risk profile is moderate marked by comfortable capital structure, albeit constrained by expected weakening of debt protection metrics. Gearing remained healthy at less than 1 time as on March 31, 2023, while networth was robust at Rs 1083.01 crore. However, networth and gearing are expected to deteriorate to Rs 835.98 crore and 1.09 times, respectively, as on March 31, 2024 led by net loss owing to the fire incident. Debt protection metrics, likely to be negative in fiscal 2024, are expected to improve in fiscals 2025 and 2026. Improvement in financial risk profile would remain a key monitorable.
Weaknesses:
Exposure to risks relating to strict regulations: Most of the products manufactured by Solara face increased inspections and regulatory actions by authorities, such as the US Food and Drug Administration (US FDA). Additionally, production of a few products involves waste discharge, which needs to be treated in effluent treatment plants (ETPs). Thus, Solara needs to invest continuously to upgrade ETPs and bring efficiency in the process to reduce waste discharge.
Large working capital requirements: Working capital requirements are sizeable as reflected in significant receivables and inventory of around 142 days and 156 days, respectively, as on March 31, 2023 and is estimated to be over 120 days each for fiscal 2024. CRISIL Ratings expects working capital requirements to gradually improve over the medium term with an increase in revenue contribution from the new plant. Correction in working capital requirements that shall aid liquidity shall be a key monitorable.
Volatility in operating profitability: Operating profitability fluctuated between 23.78% and 9.3% in the last 3-5 fiscal and in the current fiscal the company is making further losses due to the fire accident. Going forward, the ability of the company to demonstrate sustained improvement in operating margins will be a key sensitivity factor.
THIS IS EXIDEIND FOR LONGTERM INVESTMENTAs we can see stock is not very bearish as per volume fall and price fall.
Stock trading above 20 50 100 200 ema on the day
on weekly and monthly chart double bottom formation
a bullish crossover on daily and weekly
Golden crossover on 20th Oct
1st-time breakout attempt with heavy volume but can not sustain about 175
2nd-time breakout rounding bottom with good volume and sustain above 175
RSI65,
stock can retest as shown in the chart plan accordingly. in the chart, there are two long positions you can make but you the different risk-to-reward ratios you'll get.
educational purposes only!
SHOULD WE BUY & HOLD BITCOIN IN 2023?On 2nd August 2019, Do you remember?
"Slap yourself, if you sold $BTC under $10,000" - Binance CEO Changpeng Zhao
Let's back to 2020, specifically March 2020.
BTC was below $10k, 7 months after the published tweet at $3,782.13
Holders filled their bags to sell at $64,854 on April 2021, then dumped again at $69k on November 2021
BTC down-trended slowly to $15k level until November 2022
Note:
~ 450 days left on 4th halving of Bitcoin 2024 , block reward will be decreased to 3.125 BTC
BTC is a proof of work (POW) which means to mine 1 BTC you have to pay $$$ for power (Energy).
I think you got what I mean about (Energy).
Will we see BTC at $10k?
90% No.
10% Yes, if something really bad happens in crypto market.
Crypto market is very volatility market, day in green and the other week in red.
New investors are still afraid to put their $ in crypto market, who bought above $60k level still waiting...
If you are a mid-term investor or a long-term investor , just buy and hold.
Rare opportunity below $10k
Excellent opportunity between $13,914 - $18,671
Good opportunity above $19k - $24,400
If you are a pro trader, try to handle and get profit as long as BTC below $24k level.
There is a strong resistance at $25k
If BTC does break up $25k level, we will see $28k then $30,300 for a short-time.
If BTC does break down $20 level, we will see $18,671 and $16k levels again.
DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
Is doing it againPrice is trading at a strong support zone. Is holding the bullish pattern very well. I see a lot of potential to the upside according to past behavior. Now, it could take a few more weeks to climb higher, this is a 2 weeks chart. I already have a long position and sold same covered calls while I wait for the bulls to show up. I'm adding next week and wirting more calls.
I'm not panic sellingI'm holding all my long positions, before the sell off I sold a lot of covered calls, so I'm making some cash during this bloodbath.
Price still trading within the bullish channel, I'll wait until next week to add or just hold. I already secured some cash from the covered calls and I saving it if I see bulls activity. The 360 level is very strong, I don't think is going to break it that easy and also coincides with the bottom of the channel. Just waiting now with some cash to add, probably next week.
RISKING 3% FOR THE REWARD OF 15% IN NSE:METROPOLIS HEALTHCAREprice made CHANGE OF CHARACTER from BERAISH to BULLISH in DAILY time frame and taken out the inducement (1st pullback) and reached the first valid DEMAND ZONE and we can look for LONG from that level and can ENTER the trade ABOVE 25/08/2023 candle's high by placing a strict STOPLOSS of 3% or when the SL got hit, can look for long from extreme demand zone (price level - 1210 to 1970).
"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other Digital Asset Companies"
Coinbase is a company that helps people buy and sell digital coins called cryptocurrencies. It became a public company in April 2021 and was worth a lot of money at the time. But lately, the value of cryptocurrencies has been changing a lot and it's made it hard for Coinbase to make as much money as it used to. Another company that helps people trade cryptocurrencies, called FTX, had to close down because it was having financial problems. This made people worried about investing in cryptocurrencies and caused the value to go up and down more than usual. Some people try to make money by betting that the value of a company's stock will go down, and they're called short sellers. They've been trying to make money by betting that Coinbase's stock will go down, and they've had some success because the stock has gone down a lot this year. Other companies that are related to cryptocurrencies have also seen their stock go down and have had more short sellers trying to make money off of them. There is a tool that helps people see how much demand there is for borrowing a company's stock to sell it, and it's called "utilization." Utilization for Coinbase has gone up recently because more people are trying to borrow its stock to sell it. Short sellers have to pay a fee to borrow the stock, and this fee has gone up a lot for Coinbase recently. There are also other companies, like MicroStrategy and Marathon Digital Holdings, that have seen their stock go down and have had more short sellers trying to make money off of them. The fees to borrow their stock have also gone up.
Are the bad days of crypto coming to an end? List good cryptos Almost 11 months ago, I suggested that if you haven't left the market yet, it's time to sell your cryptos. Some of my colleagues thought I was crazy, but some who were more experienced had realized the reality even earlier than me. "WE WERE IN EUPHORIA STAGE" As if crypto traders were drunk.
With sincere thanks to @LewisGlasgow
According to the idea I've published on tradingview.com I've sold my holding gradually and start to take more short positions than long ones!
Now I believe we are around dip of the market! We have seen effect of halving before, I think it is going to work well for crypto holders in around 2 years.
The only bad news is war! China threatens Taiwan! Islamic republic may attack Persian Gulf neighboring nations and the most important one is Putin invasion of Ukraine. I wish peace for the world and I also wish people stop crazy dictators soon but unfortunately this war seems to be continued.
The other good sign is last super bearish week of BTC! Yeah you may be surprised but it's almost a good sign! Of course, this phenomenon is so rare that it cannot be a decision reference for the market, but it can help us to be more confident if we have the stronger reason to buy (Halving) .
Just before 2019 and in early weeks of 2020 two super bearish weekly candles was observed under moving averages of 20 and 100! in those candles we see a net bearish move that was bigger than 1.5 times of AHL (20). by AHL (20) I meant average high-low of the last 20 weeks.
We see a great bullish move after that!
Those weeks were definitely dip of the market and traders never see the price like that till now!
Right now! there are again a super bearish candle! It seems BTC like to take the last steps bigger.
If market is going to be bullish, which cryptocurrencies do you recommend for hold? please comment.
What do you think about these 6 ones!
LEO
XCN
TWT
OKB
BNX
GMX
My suggestion is to start buying slowly, even if this scenario is true, the process of starting to climb may take up to a year.
Also, don't forget that this is not a trading proposal and don't forget capital management and risk management. Only amateurs speak with 100 percent confidence in the market and there is always a possibility of failure of an idea.
AUDUSD more potential to continue the trend 💯📈Will the pump continue? Looking at the current structure of the market an head and shoulder which is a reversal pattern. Still looking bullish for me more lower time frame correction to continue the trend.
Thanks for reading
AS ALWAYS STAY SAFE AND TRADE SAFE!!
CADJPY READY TO TAKE FLIGHT?On the daily CAD-JPY is in a very strong uptrend so my bias is currently BUY. Considering all of that on the 4 hour time frame it is at a level of support which does not necessarily mean buy but I'm waiting for confirmation going forward to see what price action looks like. Currently sellers seem to have more control but during the London session this will be a good pair to look at.
Possible break and pullback for the (sell) at area of support.
or
Bounce at support.
Feedback is welcome.
Please follow I will be posting more analysis often.
Bulls Need to Hold 3905My trading plan for the past 2 weeks has been to sell the rips.
Looking over all the indicators, my bias is leaning to 3905 bounce and low volume climb into CPI and FOMC over the next week or two.
Should bulls fail to hold 3905, all bets are off. Selling is likely to resume.
Apple would likely need to do badly, but with a shiny new IPhone and 5.5 billion in buy backs, Apple could carry the markets over the next week or two.
Because AMZN new series did not get the reception it was seeking may be lagging behind the other mega caps.
ICHIMOKU 1D
Strong Support at 3900
Confirms Downtrend. 3900 line in sand.
Volatility leans bearish
ICHI 1W
The Bull wants bounce here on lagging and price and head up channel for weak cloud crossover.
The Bear wants the lagging to break the bottom of the bull cloud and break bull support before 2023.
ES1W
INCOMPLETE Inverse Head and Shoulder
Price target is 4745
Unlikely, but with the dollar soaring higher anything is possible.
This DAX breakdown I did has a similar pattern but a triple bottom on what is a very strong support.
This path is extremely unlikely, I just mention it while its still on the table for a bullish week or two.
Event Volatility hedging for CPI and FOMC will be strong.
This event hedging will increase VANNA and CHARM flows.
VANNA and CHARM flows would likely drive prices higher over the next week or two.
I created this volatility monitor to visualize the vix structure and determine if VIX is getting compressed enough for short squeezes.
HYG and XLF as leading indicators
Using HYG and XLF to set alerts for bull and bear
XLF W
Weekly XLF is forming and bear flag and which still has some upside in the coming weeks and a bounce of support to start the week.
My trading plan for the week is to confirm 3905 holds for bulls. This support is key.
30m chart has numerous active patterns and channels to validate / invalidate over the next couple days.
While there are more bear flags, bulls are in control of 3905. If that breaks, all bets are off for the bull.
The Bearish H&S / Bear flag completed its structure at the 3095 and marked by a double bottom.
Bears are looking to push below 3905 and complete bear flags 2,3,4 and 5 before the end of September.
For the bulls, complete the double bottom W forms an ascending triangle with matching trend line. (Blue 1,2)
A closer look at the levels