$SUNW breakout from the descending triangleNASDAQ:SUNW breakout from the descending triangle🔥
All possible targets are in the chart 📈
Solar
SXPUSD on a long term bullish break out.SXPUSD broke today above the MA50 (1d), just three days after breaking above the 3 month Channel Down.
This is the final bullish validation of the upcoming long term bullish reversal.
Trading Plan:
1. Buy on the next pull back to the MA50 (1d).
2. Buy if the price closes a (1d) candle over Resistance (1) first.
Targets:
1. and 2. 0.5900 (Fibonacci 0.618)
Tips:
1. The RSI (1d) is at the highest level since April 6th, a clear signal that the trend has reversed.
Please like, follow and comment!!
Copper: the irreplaceable raw material for renewable energyCopper is one of the few elements that has been used by humans for over 10,000 years. Archaeological evidence suggests that copper was first discovered and utilised by ancient civilisations as early as 9000 BCE1. Its malleability, durability, and excellent conductivity made it highly prized for tools, weapons, and decorative objects. Copper's rich history as a valuable and versatile metal showcases its enduring significance and timeless appeal.
Today, copper’s importance in the global economy continues to rise, especially given the boom in renewable energy. Copper is an excellent conductor of electricity, making it an ideal material for renewable energy systems. Its high electrical conductivity allows for efficient energy transfer, minimising power losses during transmission and distribution. Moreover, copper's unparalleled malleability and ductility, which refer to its ability to be easily shaped and stretched without breaking, make it incredibly challenging to substitute with other materials.
High intensity in wind and solar
Today, wind and solar are among the most mainstream forms of renewable energy. The figure below shows how much more copper is required when generating power from offshore wind (wind turbines in the seas), onshore wind (wind turbines on land), and solar photovoltaic (PV) compared to fossil fuels like coal and natural gas.
Copper is extensively used in wind turbines. It is employed in generator coils, transformers, and electrical cables. The strong magnetic properties of copper enable efficient power generation and ensure reliable performance in wind turbine systems. Copper is also a crucial element in solar panels. It is used in the wiring, busbars2, and connectors within the panels. Copper's excellent electrical conductivity facilitates the efficient conversion of sunlight into electricity and supports the overall performance of solar energy systems.
For the power generated from renewables to ultimately be deployed effectively, electrical grid infrastructure and energy storage are also needed. Copper, once again, is integral in building both. In energy storage systems, which complement renewables by storing energy for days when the wind isn’t blowing or the sun isn’t shining, copper is used in batteries and supercapacitors3. It is utilised in the conductive components, such as electrodes and current collectors, enhancing the efficiency and durability of energy storage devices. In electrical grid infrastructure, copper is extensively used in power cables, transformers, and distribution systems, ensuring the reliable transmission of electricity from renewable sources to end consumers.
Doing it sustainably
Copper is deemed to have infinite recyclability. This means that the metal does not lose any of its properties and can be used again and again. Recycled copper requires 85% less energy than primary production4. This highlights the huge environmental benefit of recycling the commodity.
Today, roughly a third of total copper production comes from recycling. This means that, as we scale up renewable energy, we must also bolster the recycling industry. Copper’s infinite recyclability will make that a fruitful endeavour.
The irreplaceable metal
In conclusion, copper stands as an irreplaceable raw material for renewable energy. Its exceptional electrical conductivity, second only to silver, positions copper as the ideal choice for efficient energy transfer in wind turbines, solar panels, energy storage systems, and electrical grid infrastructure. As the world embraces renewable energy on a larger scale, the demand for copper will continue to grow. And given its infinite recyclability, if the world deploys its resources appropriately, this growth can be sustainable.
Sources
1 Copper Development Association.
2 A busbar is a rigid conductor used for connecting several circuits.
3 Supercapacitor is an electronic device that store large amount of electric charge.
4 Copper Alliance.
Renewable energy – a requisite tool for tackling climate change"The electric light did not come from the continuous improvement of candles." – Oren Harari
In the year 1900, the world had a simple energy mix. One half of total energy supply came from coal and the other came from biomass. Gas, oil, and hydropower existed but paled in comparison. Fast forward 121 years, by 2021, things had changed in two key aspects. First, oil and gas had come head-to-head with coal to collectively account for nearly 77% of the energy mix. And second, total energy consumption had increased 14x1.
This drastic increase in our energy consumption, and demand mostly satiated by fossil fuels, has created a problem. It has left us with a carbon budget of 380 gigatons of CO2 equivalent from the start of 2023. In other words, we could hit 1.5°C of warming in 9 years2.
That is, unless things change meaningfully. Not continuous improvement, but radical change. Like shunning fossil fuels for cleaner alternatives. Not only is this essential but, luckily, it is now achievable thanks to the advancement of renewable energy.
At the heart of the energy transition
Consider the gap between the base case (dark blue line in the chart below) in Figure 1 and the path we must adopt in the 1.5°C scenario (teal line). The teal scenario appears to be possible by doing a combination of two things. Where decarbonisation of power and transportation is possible, it must be done. Where it isn’t, say heavy industries like steel and cement, carbon capture must be employed. Scaling up renewable sources of energy, therefore, is at the heart of this endeavour.
A more efficient alternative
Historically, our total energy consumption has only moved in one direction – upwards. While population growth and advancement in industrialisation and technology are the prime reasons for this, another contributing factor is that energy efficiency has seldom been achieved on a large scale. But with the rapid electrification of transport and buildings, efficiency gains vs using fossil fuels could result in total end-use demand for energy peaking by 2028 and, potentially, declining thereafter (in a 1.5°C scenario).
Wind and solar have arrived
Among renewables, wind and solar are expected to play the leading role (see Figure 3). There are numerous reasons for this. First, both technologies have been around long enough to see significant cost reductions in recent years. According to a Bloomberg New Energy Finance report published in June 2022, new onshore wind now costs about $46 per megawatt-hour (MWh), while large-scale solar plants cost $45 per megawatt-hour. In comparison, new coal-fired plants cost $74 per MWh, while gas plants cost $81 per MWh.
Second, most places in the world have access to either wind or sunshine (if not both). The only challenge that needs to be overcome, therefore, is obtaining the necessary funding required to install renewable energy farms.
And third, wind and solar are seeing some exciting innovations. Consider floating offshore wind as an example. Floating offshore wind power has several benefits as a source of renewable energy. First, floating wind turbines can be deployed in deeper waters where traditional fixed-bottom turbines cannot reach. This allows for greater access to stronger and more consistent wind resources, which can generate more electricity at a lower cost. Additionally, floating offshore wind turbines are less visible from shore and have a smaller environmental footprint compared to onshore and fixed-bottom offshore wind farms. Furthermore, floating offshore wind farms have the potential to be located closer to population centres, reducing transmission costs, and improving energy security. Lastly, because they are not limited by the ocean floor, floating wind turbines can be moved to different locations if needed, making them a more flexible option for renewable energy production.
Wind and solar can be complemented by emerging sources of renewable energy like hydrogen. Green hydrogen, which is produced through the renewable electrolysis of water, that is, passing a current of renewable electricity through water, has the potential to help decarbonise both heavy-duty transport like trucks, ships, trains, and airplanes, and energy-intensive industries like steel and coal. As the production of green hydrogen achieves scale, cost-reductions will foster further growth.
The pathway forward
Renewable energy can help the energy sector deliver net zero with the aid of the following:
1. Effective policy design - regulatory, commercial, and technical barriers to entry be removed.
2. Capital - by 2050, US$47 trillion is required to deliver the generation and infrastructure of a net zero energy system3.
3. Technology – wind and solar will need to be supported by emerging technologies like hydrogen and carbon capture.
4. System flexibility – innovative ways of energy storage and distribution will need to support renewable energy.
5. Sustainability – recycling will need to be scaled up to ensure we efficiently utilise natural resources.
Renewable energy is being fuelled by political will, technological progress, and investor interest. It is an exciting time to employ this tool in our fight against climate change.
Sources
1 Source: Visual Capitalist as of 10 March 2023 with original data from ‘Our World in Data’.
2 Intergovernmental Panel on Climate Change, 2023.
3 Wood Mackenzie, 2023.
SunRun to $30+
The TA is simple.
RUN has fallen below it's trend line and I believe this is unjustified in light of the companies fundamentals.
Solar and energy are hot markets as public pressure weighs on fossil fuel companies.
SunRun has solid earnings through a very bearish 2022,
and despite being not far off from First Solar in revenue, RUN hasn't received anywhere close to the same love from the bulls.
This is a high conviction trade for me
Target HKEX:30 +
$PAAS: Weekly trend confirms on close, daily bullishI like the setup in $PAAS here to get some #Silver exposure now that silver's trend is bullish in the daily and weekly can fire a spectacular signal in it soon.
Best of luck!
Cheers,
Ivan Labrie.
First Solar 1D Possible Breakout of a Bull Flag FormationThe stock is showing a strong green day which could be the start of a breakout from the current bull flag formation.
First Solar's (FSLR) fundamentals support this thesis. The company has a large backlog which will take multiple years to work through.
It can be cheaper to build and run a solar plant than it is to buy gas for existing natural gas power plants.
First Solar is involved with large utility-scale solar installations with their efficient PV solar panels.
The company has strong expected double-digit revenue and earnings growth for the foreseeable future.
Solar Coin ($SOLAR): Short term Bullish SetupFrom a technical point of view, this $altcoin could remain interesting in short term, that said, if we look at the daily chart, $SXP could develop a bullish impulse structure (12345). This setup is very simple, wait for pullback in support area to try to take long position with stop loss below the support (daily close).
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
Swipe (SXP) to Solar (SXP) = explosive price growthAnnounced on 28.03.2023 the Swipe (SXP) Mainnet Swap & Rebranding Plan to Solar (SXP) finally managed to interest buyers and the SXPUSDT price began to grow rapidly.
Now is the time for SXP arbitrageurs, because you can catch a price difference between exchanges of 7-8%
For example, at the time of writing, the price of SXP on WhiteBIT is $0.75, and on Binance is $0.81
Earnings - done, trading turnover is growing rapidly, and demand is pushing the price up.
When can this hype come to an end?
We assume that in the price zone of $1.10-2.10, you should at least be careful with your purchases.
After all, in this price zone, increased sales of SXP from the "happy owners" of this token, who bought it at this price 2 years ago, may begin)
In the meantime, you can and should make money on cryptocurrency speculation)
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Should rise above 0.5810...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(SXPBTC 1W chart)
The key is whether the price can sustain the rise above 0.0000 3071 to 0.0000 4386.
Trading in the BTC market is not easy.
Therefore, what you need to check on the BTC market chart is the strength of this coin (token) against BTC.
Whether the BTC price rises or falls, if the BTC market chart of this coin (token) is showing an upward trend, it can be interpreted that as many people want to buy this coin (token).
This is because the price of the stablecoin market chart (USDT, BUSD, USDC) will fluctuate according to these movements.
However, it is not necessary to look at all coins (tokens) because the BTC market chart or USDT market chart moves almost the same for coins (tokens) with a low market cap.
Therefore, there is no need to check the BTC market chart for SXP coins.
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(SXPUSDT chart)
As it rises above 0.4110, it appears to be trying to break away from the bottom.
However, in order to completely break out of the bottom, the price needs to rise above 0.5810 to maintain the price.
why? Did the price rise...
why? Could the price have gone down...
It may be natural to want to know this.
However, volatility happens and knowing why doesn't help you in trading.
On the contrary, as you learn the reason, your subjective thoughts will become stronger, and the possibility of making an erroneous transaction will only increase.
So, when you see a chart where prices have surged or fallen like this, it's good to see how the next wave forms.
It is not a good idea to create a trading strategy after volatility has occurred.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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SXP at supply zoneHello traders, SXP is currently at high supply zone, and it had rejection couple times at the same current zone on Daily time frame... and it has room to 0.20$...
I am looking to short at 0.48 - 0.50 and stop loss above the red box (supply zone)...
manage your risk, and tight stop loss & happy trading <3
An elusive quest for a silver liningSilver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021.
Silver falling more than gold
Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar resumed an appreciation path and bond yields rose sharply1. However, silver fared even worse in February (-11.7%), after falling in January as well (-0.9%)2. As gold is often seen as a hedge for economic and financial uncertainty, it is receiving greater support than silver.
Silver, as a precious metal with more industrial uses than gold, is weighed by the uncertainty in the global economy as developed central banks are tightening monetary policy at a pace we have not witnessed in decades.
Good news is bad news
Complicating matters, today good economic news is often interpreted as bad news because markets are pricing in a reaction from central bankers that could sap economic growth from the future. Take the last Global Manufacturing Purchasing Managers Output index reading for example. The February 2023 reading rose to above 50 (50.8) for the first time since July 20223. A reading of 50 and above should be interpreted as manufacturing in expansion. Other things being equal that report should have been positive for industrial sentiment and silver prices. However, because markets interpreted this as cue for central banks to raise rates further and delay monetary loosening, silver prices reacted negatively.
This could be a sticking point for silver this year: being flanked by falling gold prices when Dollar and bond yields rise, being hurt by expectations of a delayed pivot by central banks, but not sharing enough of the upside for gold when markets are looking for defensive hedges.
Mixed picture in physical markets
Macroeconomic considerations aside, some silver fundamentals look strong. Photovoltaic (solar panel) installations are expected to grow by more than 25% this year according to Metals Focus. In 2022, photovoltaic demand accounted for 11.5% of total silver demand (up from 5.6% in 2012)4. Meanwhile jewellery demand is likely to be sluggish as silver in Rupee terms remain elevated (India is a large silver jewellery market).
Most silver supplies come as a by-product of mining for other metals. MMG Ltd’s Las Bambas copper mine in Peru was put on maintenance in February 2023, following violent protests in the country. A short-lived truce allowed for production to resume, but Andean communities in Peru restarted blockades this week5. The mine produces an estimated 5.7 million ounces of silver as a by-product annually. Lower silver supplies could support prices.
Conclusions
Macroeconomic headwinds have set silver prices back this year and may continue to do so as markets price in tighter monetary policy for longer. Silver may have a hard time catching the same defensive bid gold enjoys. Despite strength in photovoltaic demand, jewellery demand may be soft. Tighter mine supply may be price supportive but overcoming the macro headwinds will be key to silver breaking out of its current lull.
Long First SolarSolar energy is one of the leading technologies in the renewable energy industry. It is slowly eating away the oil industry's market share in energy production. Through economies of scale, the cost per unit decreased significantly over the past decade so there is a chance that First Solar might eventually break its all time high.
From a technical standpoint it is on a nice uptrend. I would buy some shares now then buy any dips above the uptrend.
VVPR | Interesting Setup | BounceVivoPower International PLC, together with its subsidiaries, operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, and the United Arab Emirates. It operates through Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments. The Critical Power Services segment offers energy infrastructure generation and distribution solutions, including the design, supply, installation, and maintenance of power and control systems to a range of government, commercial, and industrial customers. The Electric Vehicles segment designs and builds ruggedized light electric vehicle solutions for customers in the mining, infrastructure, utilities, and government services sectors. The Sustainable Energy Solutions segment engages in the design, evaluation, sale, and implementation of renewable energy infrastructure. The Solar Development segment comprises of solar projects. The company was founded in 2014 and is headquartered in London, the United Kingdom.
ENPH | I Like This Play | LONGEnphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
SPI | A Risky Oversold Company | BounceSPI Energy Co., Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. It also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers, including government-owned utility companies. In addition, the company designs and develops EV charging solutions. As of March 30, 2022, it owned and operated 16.8 megawatts of solar projects. The company is headquartered in Sacramento, California.