Drax - Bearish DRAX broken out of a bullish triangle this week. Bearish in my book. Expect retest at around 548.
PS: This could also be a false breakout.
This is not a recommendation to trade. Do your own research and make your own decisions.
Power
Power law and the halvening theory In 2021, I was convinced that the power law model had been broken and wrote it off as invalidated.
But when I turned on the halvening date indicator, it marked the exact top of the last market cycle.
Coincidence? I THINK NOT!
Get on the gravy train now! Next stop $300k motherfucker!
REC LIMITED
REC Ltd (Rural Electrification Corporation Limited) is a distinguished public sector company in India that plays a pivotal role in the country's power sector. With a mission to promote and finance rural electrification projects across India, REC Ltd has made significant contributions to enhancing the quality of life in rural areas. The company offers an array of financial products and services that support the development of power infrastructure, thereby fostering economic growth and sustainability. Known for its robust financial performance, innovative solutions, and commitment to corporate social responsibility, REC Ltd stands as a beacon of progress and reliability in the energy sector.
Entry at-524.65
Breakout-536.90
Target 1-558.10
Target 2-584.20
Target 3-601.10
STOP LOSS-499.25
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
BTC simple analysis: Elliot Wave fifth waveElliot Wave has been settled in D1 time frame. Waiting for fifth wave to finish on 300% of E.W. fibonacci.
Fibonacci is between 2 and 4 peak of E.W.
USD should become strong or BTC become weak, which, I believe it's what's going to happen.
SL behind 1 peak.
there's a chance that wednesday finish bearish.
Note: Trade wise 👍
think cold.
#POWER/USDT#POWER
The price is moving in a bearish channel on the 12-hour rem and is largely committed to it
The price rebounded well from the green support area at the 0.2600 support level, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold saturation on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.3000
The first target is 0.3717
The second target is 0.4100
The third goal is 0.4543
Long POWRWith BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a dollar again but that will be my final target rn with profit taking along the way. Entry was .38 with a SL of .29 for a rrr of 7/1.
BUY RELIANCEBuy Reliance and hold it for 2-3 months. It is the largest company of BHARAT and also the most profitable company. It is a good company for investment purpose.
Long TATA POWERShort, mid and Long term targets of TATA power. No SL req.
DISCLAIMER: I am not a SEBI Reg. Analyst. Do your own research before trading or investing.
RELIANCE POWER LONGTERM INVESTMENTACTIVATED MY ENTRY LEVEL
Can enter at CMP @31.40
or wait for fall & enter @25.30
Targets - 38,50,65+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
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.
📈 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.
PFC is Another PSU Gem which is Really Undervalued--> Prior Uptrend of 88%
--> Consolidated for 6 Weeks with Low Volumes
--> TTM Squeeze
--> Fundamentally Strong PSU Stock
--> Very Undervalued (P/E of 7)
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!
ENPHASE ENERGY ($123) LONG IDEAcan add more at 116 , chart pattern suggest demand hereabouts , hopefully third times the charm here .
stoploss weekly close below 99
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 $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Power Getting To To Test 0.50$Seems Like Ready To Test 0.50$ Area Testing Trendline Incase Of Breakout Expecting Move towards 0.50$ Look For Lower Timeframe breakouts for Entry
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.
