Bullishpattern
IHS confirmed , next BIG short squeeze?Long and strong IHS confirmation breakout and tested
Fundamentals:
Company fully funded and largest factory in Moses Lake has started production with recent contract signed for the next 10 years worth around 3 busd. Todays mcap is around 0.6 busd.
Guided ebidta for 2025 is 100-300 musd
Dept around 260 musd with favorable terms
Production within 3 megatrends in the U.S, semi chips, solar and batteries (silane gas)
All production sold out, but silicon anodes manufacturers ( Sila Nano, G14, Oned) has established around their Moses Lake facility in hopes for silane offtake.
Amprius and Cenate has mentioned and hopes for REC silicon silane gas, and company itself says they have discussions with multiple companies regarding silane.
REC has 70% markets share of silane gas, and it looks that replacing grafite with silicon will be the next big thing. The potential for REC silicon and its silane gas are endless the next 5 years as this explodes.
REC also has a 15% stake in Yulin factory in China, and are in proccess of selling this stake, which is valued to 150 musd. 1/4 of todays mcap just in cash!!
Proccess is going slow but we are close to an end...
This stock is worth following the next year!!
Also to mention is that due to restart and impairments, Moses Lake factory(replacement cost 1.7 busd) is zero in the books. Yulin has also been written down to zero... and revarsal of impairments would most likely be reversed next quarter, Yulin is a huge bonus with cash, and company has also recievd a large amount of pre payments in the 3 busd contract recently signed.
Today REC silicon is one of the most shorted stocks in Oslo stock exchange, but there is a huge chance of a potential short squeeze here when market discovers fully what is about to happen here....
Possible scenarios for BTCEnglish
On a weekly time fame, I found a possible TP for the ones who are buying BTC and that zone is good to see how the price reacts and wait for a bearish movement.
On the other hand, the daily escenario we have a zone where we could buy again this asset after a retracement, but we have to keep an eye on the news because of the ETF approval scenario which makes a FOMO time. Let´s see how it goes.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
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En un temporalidad semanal, encontré un posible TP para los compradores y esta zona es buena para tomar profits o parciales y dependiendo de su reacción, ver un posible movimiento a la baja.
Por otro lado, en el escenario diario tenemos una zona donde podríamos comprar nuevamente este activo en un retroceso, pero tenemos que estar atentos de las noticia del ETF el cual puede crear un tiempo de FOMO. Vamos a ver cómo se desarrolla el precio.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Will GOLD go test ATHs?GOLD is showing some clues of possible trend change. If price stays on top of the last highs the price structure changes from making lower highs to making a higher high. This can indicate from a accumulation and growing bull force.
As long as we stay on top of these previous highs I'm short term bull.
Ofc there is also the huge 12 year cup and handle pattern which would indicate of higher prices probably around 24-25. Targets 2500-3000 per ounce (I'm Long Term Bull)
Tell me if you would like a more in depth update about the 12 year GOLD cup and handle structure
-Jebu
RSR ANALYSIS🔮 #RSR Analysis - Breakout Trading
🌟🚀 Formation of "Rounding Bottom Pattern" in #RSR with breakout signifies a bullish move. 📈📈
🔖 Current Price: $0.002750
⏳ Target Price: $0.003780
⁉️ What to do?
- #RSR is aiming around $0.003780 in its next price target. We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#RSR #Cryptocurrency #Breakout #DYOR
MKRUSDTMKRUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 1400 region.
Will the bulls take charge again continue for leg higher?
Bitcoin ($BTC) Bullish StreakBased on the data today, the price of BTC (Bitcoin) is $35,354.5 with a 24-hour change of +1.9%. The overall price trend of the day indicates a higher probability of being bullish. This is supported by the MACD (Moving Average Convergence Divergence) indicator, which is signaling a bullish trend.
The market cap of BTC is currently 692,104,070,095. The volume of BTC traded today is $984,142,991.84.
Analyzing the technical indicators, the MACD signal has shown a bullish trend in the past 30 days with 7 occurrences. However, within the past 7 days, there is no specific pattern observed for the MACD, RSI (Relative Strength Index), BOLL (Bollinger Bands), or KDJ (Stochastic Oscillator). The BOLL support price is $35,168.3, and the BOLL resistance price is $35,442.1.
Additionally, the market sentiment index is at 66, indicating a state of greed.
In conclusion, based on the data today, BTC is experiencing a bullish trend, supported by the MACD indicator. Despite the lack of specific patterns in recent technical indicators, the overall market sentiment is positive. However, it's essential to consider other factors and conduct thorough analysis before making any investment decisions.
BBRI : Rebound, Targeting Rp5750 pre-2024 Election VolatilityOn November 1, 2023, Bank Rakyat Indonesia (BBRI) stock exhibited a notable touch on the lower trendline at Rp4930. This technical analysis delves into the implications of this touch, marked by a bullish pattern and rapid ascent, further substantiated by the stock's position above the Exponential Moving Average (EMA) 200 and a positive MACD crossover. The objective is to explore the basis for the continuation of the upward trend with a potential target range of Rp5750 before the anticipated market volatility preceding the 2024 Indonesian elections.
Technical Analysis:
Lower Trendline Touch and Bullish Pattern:
- The touch on the lower trendline at Rp4930 signals a substantial support level, suggesting a potential trend reversal.
- The emergence of a bullish pattern reinforces the positive sentiment, indicative of a swift upward movement.
EMA 200 Position:
- The stock's positioning above the EMA 200 signifies a robust long-term momentum.
- The close proximity of the stock price to the EMA 200 provides additional confirmation of the potential for a sustained upward trend.
MACD Conditions:
- The MACD exhibits a bullish condition with a crossover of the signal line to the upside and a positive histogram.
- The bullish signal from MACD supports the notion that buyer momentum is on the rise.
Upside Target:
Upper Target (Resistance):
- Given the confirmation from the trendline, EMA 200, and MACD, the initial upside target is set around Rp5750 or higher.
- This level encapsulates potential technical resistance that the BBRI stock may encounter during its upward trajectory.
Additional Analysis:
Supplementary Indicators:
- Further confirmation from auxiliary indicators like RSI and trading volume is recommended to provide a comprehensive view of trend strength and market participation.
Market News Monitoring:
- The potential for market volatility leading up to the 2024 Indonesian elections underscores the importance of vigilantly monitoring market news and political developments.
Risk Considerations:
Stop-Loss:
- Effective risk management involves placing a stop-loss beneath the trendline or support level.
Conclusion:
In conclusion, BBRI stock presents a compelling case for a continuation of its upward trajectory, supported by the confirmation from the trendline, EMA 200, and MACD. With a potential upside target of Rp5750, investors should remain vigilant as the market navigates the uncertainties leading up to the 2024 Indonesian elections. Regularly updating analyses in response to evolving market conditions and seeking advice from financial professionals is advisable before making investment decisions.
Silver Is Trading Close To Technical "BUY" LevelSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, currently with subwave C bottoming because of the bounce away from $21.00. Notice that rally back above 22.33 horizontal swing level is strong and impulsive, so ideally that's going to be part of a new recovery that can send metal even towards 24-25 area, but after wave B pullback that is now in progress and can find a support at 22.20-22.50 area. Also, we can see a potential HS bottom formation currently with the right shoulder playing out as a wave B.
Ethereum ($ETH) Bullish Strategies
1. Bullish Strategy:
Explanation: Since the price trend of ETH is showing a higher probability of being bullish, I can consider a long strategy. The MACD signal is also indicating bullishness, further supporting this strategy. The entry price is set slightly above the current price, anticipating upward movement. The take profit level is set at $1950, considering the recent price movement and potential resistance levels. The stop loss is set at $1875 to limit potential losses if the price reverses.
Characteristics: This strategy takes advantage of the expected bullish trend and aims to capture potential upside movement. It has defined entry, take profit, and stop loss levels, providing clear risk management.
2. Mean Reversion Strategy:
Explanation: Since ETH has seen a slight price increase recently, a mean reversion strategy can be considered. If the price reaches the upper Bollinger Band resistance level at $1,902.25, there might be a higher probability of a short-term price reversal. The entry price is set above the resistance level, anticipating a potential pullback. The take profit is set at $1870, considering the recent support levels and potential mean reversion. The stop loss is set at $1925 to limit potential losses if the price continues to rise.
Characteristics: This strategy aims to capture potential short-term price reversals after a recent price increase. It utilizes Bollinger Bands and resistance levels as indicators for potential mean reversion opportunities.
3. Breakout Strategy:
Explanation: If the price of ETH breaks above the Bollinger Bands resistance level at $1,902.25, it might indicate a bullish breakout. This strategy suggests entering a long position if the breakout occurs, anticipating further upward movement. The entry price is set slightly above the resistance level to confirm the breakout. The take profit is set at $1950, considering recent price levels and potential resistance. The stop loss is set at $1880 to limit potential losses if the breakout fails.
PEPEUSDTPEPEUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is being respected by inclining trendline and has also formed bullish flag pattern which is also being supported by inclining trendline.
These two to gather putting strong bullish confluence for the pair.
What you guys think of this idea
TOTAL2 is About to Explode!The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥
Unpacking the Market Cap Contraction
Market cap contraction is a fascinating occurrence, one that hints at the complex dynamics of the cryptocurrency market. When we talk about the total market capitalization excluding Bitcoin, we're essentially looking at the collective value of all cryptocurrencies other than the big BTC.
The Compression Effect: A Precursor to a Pump
Why does contraction matter? It's because, in crypto, this phenomenon frequently acts as a precursor to a "pump," a substantial increase in prices. When the total market capitalization of altcoins starts to shrink within a defined range, it often indicates that the market is preparing for a major move.
Anticipating the Upward Surge
For crypto traders and enthusiasts, keeping an eye on this contraction is vital. It suggests that exciting price surges could be on the horizon for the world of altcoins. Such periods of compression often lead to increased trading activity, resulting in significant price movements.
Trading Strategy: Positioning for the Pump
As this exciting market cap contraction unfolds, cryptocurrency traders should consider crafting trading strategies to harness the potential pump. The market dynamics may offer numerous opportunities to capitalize on these upcoming price surges.
Conclusion: Crypto's Dynamic Landscape
Understanding the nuances of the crypto market is crucial, and the market cap contraction phenomenon is one of its fascinating aspects. As we navigate this period of compression, let's remain vigilant, prepared, and ready to embrace the opportunities that a potential pump can bring.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
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XRP - BULLISH CHANNELRenewed interest in XRP is driven by three key indicators: a significant surge in real trading volume, a shift from declining to bullish market capitalization, and a consistent pattern of higher daily price lows. These positive signs point to a potential price surge, despite past challenges and legal developments surrounding XRP's CEO, Brad Garlinghouse. Investors are closely watching these developments for investment opportunities.
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EURAUDEURAUD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
USDCADUSDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.400.
What you guys think of this idea ?
AR Bullish Breakout AR is going to follow Bitcoin's favorable trend by breaking its downtrend and starting a new upward cycle. Considering that AR is almost completely mined, has a totally real use case and has an RSI below 50% (weekly), buying at this time represents a great opportunity in the medium/long term.
Target: 12-14