PLUG OR UNPLUG here are some lines.
I have no idea what it will look like, but there is definitely a massive downtrend that needs to break first. I mean, literally, once it breaks, pretty bullish to like 18, and there is potential to see some crazy numbers again, such as 54.
I like 6.54 or so as a potential buy target, but there is a low all the way down to 4 dollars. I think in the short term, it holds the $6.50 mark, but we could see like 5.98 or something quickly. If we see the $4 mark, it's probably going to be from that rejection trend. If we see it on the top side of the trend, BULLISH, if we see it on the bottom, be careful.
Power
📈 Bitcoin Analysis: Power of Three Pattern Bitcoin has been navigating within an ascending channel, respecting both the upper and lower boundaries. The recent execution of a manipulation strategy, aligning with the Power of Three pattern, involved a precise move beneath the lower trendline. This maneuver is anticipated to capture liquidity and set the stage for a rapid ascent. The expectation is for a bullish move towards $48,000.
🔄 Ascending Channel Dynamics:
Bitcoin's adherence to the ascending channel underscores the prevailing bullish sentiment. The market has consistently respected both the upper and lower boundaries of the channel, highlighting a balance between buyers and sellers within the established trend.
📉 Power of Three Pattern and Manipulation:
The execution of a manipulation strategy beneath the lower trendline aligns with the Power of Three pattern, a technical formation characterized by three distinct drives or phases. This maneuver, involving a move beneath the lower boundary, is designed to trigger stop-loss orders and capture liquidity from unsuspecting market participants.
🔍 Liquidity Grab Strategy:
The manipulation-driven move beneath the lower trendline serves a dual purpose: disrupting the established channel and providing an opportunity to grab liquidity for a swift upward move. This strategy aims to create favorable conditions for accelerated growth once the manipulated liquidity is absorbed.
🚀 Anticipated Upside Move:
The manipulation-driven liquidity grab sets the stage for a potential rapid ascent. Assuming successful absorption of liquidity and a shift in market sentiment, the target of $48,000 becomes plausible. This level represents a significant upside potential, given the strategic nature of the manipulation maneuver.
💡 Trading Strategy:
Traders should closely monitor Bitcoin's price action following the manipulation-driven move. Confirmation of absorption of manipulated liquidity, increased buying interest, and a sustained move above key resistance levels would provide favorable conditions for entry. Implementing stop-loss orders to manage risk is advisable.
🔮 Future Outlook:
The technical analysis suggests that Bitcoin is poised for a potential bullish move following the manipulation-driven liquidity grab. Traders should remain vigilant and adapt their strategies based on real-time market data. The dynamic nature of the cryptocurrency market emphasizes the importance of flexibility and risk management in trading decisions. A successful absorption of liquidity could pave the way for accelerated growth towards the $48,000 target.
ET, ARE ALIENS REAL? PART 2Energy companies are looking interesting to me.
This one has a rather nice setup showing for longer term trading, but some of the bigger movements may occur quickly, especially around earnings (14th FEB)
Chart is a little weird because I'm still looking at multiple options for this. But overall, teal or orange are both possible based on current trends.
I like 20+ as short territory
I like 9 and under as buy territory
Oh yeah, aliens.. Yep, probably.
Dance of DOT and KSM: Unveiling the Symbiotic Symphony of GrowtIn the vibrant realm of blockchain ecosystems, Polkadot (DOT) and Kusama (KSM) take center stage, showcasing a fascinating symbiotic relationship. While their charts may dance to similar tunes, the nuances reveal DOT's resilience and strength, outshining KSM in both resilience during downturns and vigor in uptrends.
Chart Analysis: The Symbiotic Symphony Unraveled
Synchronized Patterns:
DOT and KSM, being integral parts of the Polkadot ecosystem, exhibit synchronized chart patterns.
Both coins share similarities, yet the intricacies of their individual performances unveil a unique narrative.
DOT's Resilience:
During market downturns, DOT has showcased remarkable resilience, holding steadfast above critical support levels.
The global uptrend support maintained by DOT contributed to its ability to weather storms more effectively than KSM.
Comparative Strength: Decoding the Chart Dynamics
Global Uptrend Support:
DOT's ability to maintain a robust global uptrend support has been a key factor in its relative strength.
KSM, in contrast, experienced deeper retracements, testing lower support levels during market corrections.
Impact on Growth Trajectory:
The sustained global uptrend support for DOT has influenced its growth trajectory positively.
DOT's consistent strength has resulted in a notable lead, with a 20-30% advantage in growth compared to KSM.
Strategic Considerations: Navigating the DOT-KSM Symbiosis
Investment Strategies:
Investors may consider the relative strength of DOT as a factor in their investment decisions.
DOT's resilience during market fluctuations suggests potential for sustained growth compared to KSM.
Risk Management:
Traders and investors could employ strategic risk management, factoring in the divergent resilience of DOT and KSM during market volatility.
Understanding the individual dynamics of each coin enhances risk assessment.
Conclusion: DOT's Resonant Strength in the Symbiotic Harmony
In the intricate dance between DOT and KSM, Polkadot emerges as the resounding leader, demonstrating resilience and strength. The synchronized patterns of these ecosystem companions tell a tale of interconnected growth, with DOT leading the way, offering a distinct advantage in both stability and upward momentum.
🌐 Synchronized Patterns | 🌟 DOT's Resilience vs. KSM | 📈 Impact on Growth Trajectory
❗See related ideas below❗
Share your insights on the DOT-KSM symbiosis and engage in discussions about the strategic considerations for navigating this dynamic relationship. 💚🌐💚
Going Long POWR - Multiple Targets - 40%+ PPProfit potential on this trade could be up to 40%+ on this trade. I like POWR in this bull triangle nearly ready to exit and launch. I've entered here and will exit 50% of my trade at target one around 35 cents. I will then move my stops up to around 32 cents and let the rest ride in hopes of tagging that final target at 41 cents or so.
This is just the way I am doing it. Not fin advice.
Stewdamus
THE POWERPower is looking pretty damn bullish in my opinion. we have seen the massive retracement from and ATH of $0.88 and all the way down to $0.1178 now sitting around $0.2931 we can see a strong push like these other alts have been seeing this past month up to a minimum of $0.6
potential scalping to be done around $0.36 -- $0.42 but overall bullish on POWER
take the profits and stack bags for XRP to be taking off while it moves very small moves but has created a inverse H&S pattern.
looking at the blue line curving up as support so always a possible pullback but the overall trend is pushing upwards.
Good luck and have fun with it
USOIL on bullish move!So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level.
And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here.
But i have a feeling that we will go higher and go for the 90~ level.
this could happen throughout August (start of September).
lets see what happens and what data we are given.
Good luck!
US2000 BEARISH SCENARIOAll focused on the forthcoming remarks by Jerome Powell, set to disrupt the situation tomorrow, which could potentially shift investor sentiment from buying to selling. The US2000, also known as the Russell 2000, represents a small-cap index that follows behind the larger indices such as DJIA, S&P, and Nasdaq. In recent months, the Russell has demonstrated weaker performance in contrast to its counterparts. The impending increase in interest rates might introduce new challenges to the market. Indicated by a symmetrical parabolic pattern, there's a suggestion that a bearish trend could extend around 130-150 points, mirroring the height of the curve. Nevertheless, the equation "Powell = Power" still holds true.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
AQN Algonquin Power & Utilities Corp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AQN Algonquin Power & Utilities Corp prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PLUG rises out of retracement of previous uptrendPLUG on the 4H chart presents healthy price action. It uptrended for a month starting
in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on
Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram
while the histogram was changing from negative to positive. Likewise, the RSI bottomed out
at 32 and ascended to 55. All things pointing toward a well-established reversal, I will
open a long trade here targeting the previous pivot high of 11.75 ( a tweezer top) on
June 14th. The stop loss is 9.8 at the level of the pivot highs of June 7th. The trade potentially
offers 15% profit in a week or two with minimal risk.
Unlocking the 6 Levels to Financial Freedom
If you’re living paycheck-to-paycheck or stuck in a job you don’t love just to pay the bills, it can be easy to feel as though you’re financially trapped. But financial freedom doesn’t need to be elusive—with some focused and consistent effort, you may be able to achieve financial freedom sooner than you expected. Below, we’ll discuss the different stages of the financial freedom journey
Stage 1: Dependence ✔️
The “dependence” stage of financial freedom can last from your childhood and teen years even into your adult life. If you rely on a parent, a significant other, or someone else to pay your living expenses, you’re in this stage. Fortunately, as soon as you become solvent—that is, when your income exceeds your expenses—you’ve moved on to stage 2.
Stage 2: Solvency ✔️
Solvency comes when you’re able to meet your financial obligations on your own. (If you’re partnered, you can still be considered solvent even if your partner’s income is necessary to meet your total household expenses—since you’re supporting two or more people instead of just yourself.)
Stage 3: Stability ✔️
You’ll transition from solvency to stability once you’ve created an emergency fund of a few months’ expenses, repaid high-interest debt, and are continuing to live within your means. While stability doesn’t require you to be debt-free—as you may still have a mortgage, student loans, or even credit card debt—you’ll have a savings buffer to ensure that you won’t go into debt if you encounter an emergency or unexpected expense.
Stage 4: Security ✔️
You’ll feel financially secure once you’ve eliminated your debt (or have enough assets to pay off all your debt) and could weather a period of unemployment without worry. At this point, money is not just a safety net, but also a tool you can use to build the future you’ve been planning. At this point, you may consider investing in other assets besides retirement accounts — a taxable account, rental real estate, or even your own small business.
Stage 5: Independence ✔️
Once your investment income or passive income is enough to cover your basic needs, you’ve achieved financial independence. A financially independent person can retire at any time without worrying about how to cover their costs of living, even if they may have to downsize their lifestyle a bit.
Stage 6: Freedom ✔️
The line between financial independence and financial freedom can be a fine one; for many, it’s simply the difference between having enough to cover your needs or having more than enough. Once you have financial freedom, you don’t need to pinch pennies (unless you want to), and you can take more risks with money you’re willing to lose.
Now that you know the stages of financial freedom, think about where you are. How much do you need to get to the next level?
What do you want to learn in the next post?
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.
Is Plug (NSDAQ:PLUG) Bearish Or A Strong Buy?NASDAQ:PLUG
About Plug Power
As the top supplier of complete hydrogen fuel cell (HFC) turnkey solutions, Plug Power is fostering the development of the hydrogen economy. In the midst of a persistent paradigm shift in the power, energy, and transportation sectors to address climate change and energy security, while delivering efficiency benefits and meeting sustainability targets sustainability targets, the company's breakthrough technology powers electric motors using hydrogen fuel cells.
The first market for hydrogen fuel cell (HFC) technology was established by Plug Power. Because of this, the Company has installed more fuel cell systems for e-mobility than any other company in the world, and it also holds the record for buying the most liquid hydrogen thanks to the construction and operation of a hydrogen highway throughout North America.
Furthermore, Plug Power offers end users a major value proposition that includes significant environmental advantages, efficiency improvements, quick refueling, and lower operating costs. The vertically integrated GenKey system from Plug Power brings all necessary components together to supply power, fuel, and service to clients including Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company is currently utilizing its expertise, modular product architecture, and fundamental clients to quickly enter additional important areas, including as robots, data centers, and on-road zero-emission vehicles.
Is PLUG a BUY or is it still BEARISH?
Tradingview reports that 19 out of 30 analysts rate the Plug Power stock as a "strong buy", two analysts rate PLUG as a "buy", and the remaining nine analysts rate it as a "hold" with a maximum estimate of USD 78.00, an average estimate of USD 29.31, and a minimum estimate of USD 13.00. The current PLUG stock price is USD 13.12.
The predicted EPS for Q4-2022 is expected to increase by 0.07 to -0.23 from the reported EPS 0.30 from the previous quarter. Analysts predict that the EPS will decrease annually by 0.25 from -0.82 to -1.07 when compared to the reported EPS from 2021.
According to predictions, income will increase 2022 compared to 2021, by about 80%.
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Disclaimer
Norvestio AS only offers analysis based on analyst estimates and historical data, and our articles are never meant to be taken as financial advice. It doesn’t represent an advice to buy or sell any stock, and it doesn’t take into consideration your goals or financial position.