ZEC and LINK trying to break outNotice that there is a longer term resistance and then we break through it, well we just did recently, this is a momentum play.
Its possible if we see more market pullback like we did this morning we will need to start looking at finding support and buying the dip instead of just jumping on momentum runs. For now there seems to be no shortage of breakouts happening across crypto to trade on momentum.
You should evaluate these yourself, always DYOR, I am just raising a flag on a couple assets of interest.
Currently on the orderbooks, LINK looks a bit more healthy than ZEC but also this is a break out from an already existing breakout for LINK, it has had more time to build force.
Here is the LINK chart:
RUN
ETH breakout, short term pullback, long term runThere was more than 6 months of pullback for ETH but there was a clear descending resistance for the last 6 months, every time ETH hit it, it pulled back. We had a double tap and failure to penetrate in October and early November and then 24.Nov we broke through resistance and started to run. This still seems to be early on in the run. We have seen days where ETH outperformed BTC and in fact we are trying to break down the support for BTC Dominance. You can see its clear trend up and how we are testing that support line now. If it breaks down we will likely see ETH run and the stage may be set for a flippening.
I think more likely is that support holds and BTC dominance will start to rise again around this point.
BTC Dominance:
There are many reasons BTC dominance will run but one that is common is that BTC pulls back and the rest of the market pulls back a lot harder. If BTC loses 5% a lot of alts will lose 20% often. Another way BTC dominance runs is if it breaks out and runs for big gains, already having a near a $2T marketcap now, a 5% run would add $100B of market cap for BTC.
BTC tried to break out and it rejected, there is a possiblity that we could trace this all the way back to $68-$70k here depending on the speed of descent. Also though, BTC has been strong and bullish, there is very much a chance that we consolidate and build up here and break out, so this line is really significant, its probably the difference on whether BTC dominance runs because of BTC pulling back or running hard.
BTC Chart:
ETH on the other hand, looks like it has broken out of recent multi-month resistance and seems to just be getting started, but this channel it has assumed is already showing us were we should see support and resistance as it continues to run. This looks like its early on in the breakout really but does look likely that we will pull back more here. If you see this price break top of channel, expect another run and if it breaks bottom of channel, be prepared for a noticeable pullback. In the meantime, as long as it is assuming the channel, it is ascending and bullish.
Keep an eye on BTC, we know if its not happy, generally the whole market suffers. Its hard to find profits on other assets while BTC is dumping so even if you are not trading BTC, you should be watching it.
BAT and ANCHR and maybe GLM good for a run?GLM is about to breaks some long term resistance if it can break free, just a little higher as you see top of channel on the chart. Also Bat has broken out of s hort term trend and looks interesting for a potential run.
i like GLM anyway, its always easy to trade a conviction because you dont mind holding it if you need to. GLM is distributed compute, they have added GPU and they now provide hosting for language models on decentralized compute, fundamentally speaking they are in a fantastic place to me and with a <$500M market cap. I also work in AI a bit so I may be biased there as well, but keep an eye, it breaks that line, it should be a pretty good run.
Order books look great on these, lots of traders expecting the price to go up with far out of the money asks.
Also ANKR just broke out and set old resistance as support, it should be due for a good run any time now.
ANKR break out:
Bat double break out:
BTC has staged a larger scale break out:
BTC zoomed in:
This is why you need to watch for right now and how we could pull back to $95k but no big deal its still way bullish where we are right now.
Watch BTC though, it could pull back any time its at some resistance too and could pull back to $95k before moving back up. If it pulls back hard, it will take everything with it for the most part.
shiba usdt is involved with weekly resistance....shiba is touching the weekly resistance but now is involving with .
we will wait about a day now on , if closed up side the 0.00002824 strongly , except to see 0.00003000 and 0.00003200 and finally 0.00003363 yet ...
for supports we have 0.00002559 and 0.00002435
Good luck
Sunrun (RUN) AnalysisCompany Overview: Sunrun is a leading U.S. residential solar energy company, providing solar panel installations and energy services across the country. The company's focus on sustainable energy solutions positions it to capitalize on the growing shift toward clean energy adoption.
Key Catalysts:
Rate-Cutting Cycle: A potential rate-cutting cycle by the Federal Reserve could make solar financing more affordable, increasing the economic appeal of residential solar projects. Lower interest rates would reduce borrowing costs for consumers, making Sunrun's solar installations more accessible and boosting sales.
Trade Policies: U.S. Treasury Secretary Janet Yellen's scrutiny of China's market practices, particularly regarding solar products, could mitigate low-cost competition from Chinese manufacturers. This would benefit domestic companies like Sunrun by leveling the playing field and potentially driving higher demand for U.S.-installed solar systems.
Federal Subsidies: Sunrun is well-positioned to benefit from federal clean energy subsidies provided by the Inflation Reduction Act (IRA). These subsidies are expected to reduce Sunrun's operating expenses and enhance profitability by offsetting costs associated with installations and energy storage solutions.
Investment Outlook: Bullish Outlook: We are bullish on NASDAQ:RUN if it holds above the $17.50-$18.00 range. Upside Potential: The upside target for Sunrun is set at $29.00-$30.00, driven by favorable interest rate conditions, supportive trade policies, and federal clean energy subsidies.
☀️ Sunrun—ready to shine with rate cuts, trade advantages, and clean energy subsidies! #RUN #SolarEnergy 🚀🌱
Kamala Leads, Solar Stocks Shine Again?I'm closely watching the solar sector again, especially stocks like NASDAQ:FSLR , NASDAQ:ENPH , and $RUN.
After the Trump/Biden debate, solar stocks plummeted because it looked like Trump might win. But now, with Kamala Harris running, the odds have shifted her way, and I'm optimistic about the sector since she's likely to support clean energy like Biden did.
These solar stocks have been stable over the last month compared to tech.
First Solar has strong financials, Enphase has solid earnings and big potential, and Sunrun just teamed up with Tesla.
Definitely worth watching all three, in my opinion.
Bull Run BitcoinWe can see that the price of bitcoin is lateralizing in the form of a 5-month bearish flag to liquidate Stop Loss. We may be on the verge of a bullish explosion in the price of bitcoin in the coming weeks as it has bounced off the weekly 50 EMA and the weekly, daily and 4-hour Squeeze Momentum is in red which tells us that it is possibly already at its peak. last bearish movements in the market, and then rise.
TAN - Invesco Solar ETFSimply go long, it's the future! If the USA doesn't want to increase this ETF by 20 or 30 or 40%, the world will end up on its last legs! NVDA won't save the planet!
ENPH
Enphase Energy, Inc. 10.11%
FSLR
First Solar, Inc. 8.64%
NXT
Nextracker Inc. 7.68%
RUN
Sunrun Inc. 7.10%
3800.HK
GCL Technology Holdings Limited 5.01%
0968.HK
Xinyi Solar Holdings Limited 4.45%
ECV.DE
Encavis AG 4.18%
HASI
HA Sustainable Infrastructure Capital, Inc. 3.71%
SEDG
SolarEdge Technologies, Inc. 3.47%
NEOEN.PA
Neoen S.A. 3.35%
BTC time to switch ?As things stand BTC will more likely break the ATH , been wrong past 6 months trying to catch a reversal , but i was playing also both sides.Half of my capital currently is invested.
I am still sitting on cash with more than 50% of my portofolio in usdt.
If we start breaking ATH first target is 86k based on fibonacci but also when looking at 2 previous highs there is a trendline that extends and it correlates with fib extension .
First fib extension is 86k , second one is 106k.
I still think a 30-40% drop has to occur.
If that happens ,buy the dip mode will be ON.
The Invesco Solar Etf TAN based on the Global Solar Energy IndexThe Invesco Solar ETF is based on the MAC Global Solar Energy Index (Index). The Index is comprised of companies in the solar energy industry.
Wall Street investors have only short-sold the future of the planet! They have shorted all the players that could be a solution to climate change (personal opinion).
With the upcoming U.S. presidential elections, I expect that new financial promises will be put forward, and this ETF will regain strength.
TAN etf, ASSETS UNDER MANAGEMENT $1.32B
ICLN etf, ASSETS UNDER MANAGEMENT$2.54B
TAN: Enphase, First Solar, SolarEdge, Sunrun, GCL Tech, Xinyi, Hannon Armstrong, Array, ...
ICLN: First Solar, Vestas, Enphase, China Yangtze, Orste, EDP Portugal, SolarEdge, Suzlon, ...
BTC be carefulBTC has respected this upwards sloping channel for three weeks now.
Should we break to the downside I see a retracement to two shown targets.
As of now we are of course still bullish on BTC and Crypto in the medium/long run, a pull back like this could be a great chance to long should an edge develop. If it does we will provide an update and a trade set up.
Our targets of 40-42k remains for now.
PROSBUSD - Bump and Run Reversal Bottom PatternThe bump-and-run reversal bottom is a chart pattern that is a surprisingly good performer in both bull (ranking best for performance) and bear markets (ranking second best). It has a low break even failure rate and high average rise after the breakout. Discovered by Thomas Bulkowski in 1999.
Reaction of Sunrun's against institutional traders
Executive Summary:
In Tuseday's market session, we observed a 5% increase in the price action of NASDAQ:RUN , which, as expected, triggered a minor retracement due to typical market dynamics. However, our focus today is on a highly significant order block zone, spanning from $14.13 to $14.90. After nearly a year of dedicated study into the behaviors of major institutional players in the market, we've uncovered a crucial aspect of their approach.
Understanding Institutional Strategies:
Institutional investors, in their quest to enter positions, follow a dual-pronged strategy. First, they aim to create adequate liquidity in the market to facilitate their trades. Second, they seek to initiate positions at the lowest possible prices, effectively maximizing their profit margins. It's important to note that their entry points often differ from those favored by retail traders, and herein lies the intriguing element of market dynamics.
Manipulating Retail Sentiment:
Institutional investors sometimes choose to exert selling pressure when the market approaches what appears to be a demand zone, a strategy designed to trigger stop losses placed by retail traders. This calculated move creates a cascade effect, further driving prices downward. As retail traders' stop losses are hit, the market sentiment shifts. What once seemed like a strong demand zone now appears fragile, causing retail participants to rethink their positions.
Conclusion and outlook
As we anticipate a continued retracement in the price action towards the demand zone, it becomes essential to employ a meticulous approach to risk management. Our objective is not only to align with institutional entry points but also to safeguard our positions against potential market volatility.
The Importance of Stop Loss Calculation:
In this endeavor, precise calculation of our stop loss assumes paramount significance. By leveraging historical market volatility data and average candle size, as represented by the Average True Range (ATR), we aim to strike an optimal balance between risk and reward.
Maximizing Position Security:
The crux of this methodology lies in maximizing the probability of maintaining open positions while positioning ourselves to capitalize on the forthcoming momentum instigated by institutional players.
Defining the Stop Loss:
For an entry price of $14.015, which closely aligns with the average demand zone valuation, we have determined that setting the stop loss at $13.77 provides an effective risk management strategy. This strategic adjustment substantially reduces the likelihood of liquidation in the face of adverse price movements.
Conclusion:
Incorporating these refined risk management techniques into our trading approach empowers us to align with institutional strategies while mitigating potential downside risks. As we move forward, we are well-equipped to not only participate in the anticipated upward momentum initiated by institutional entries but also to secure our positions, ensuring our trading endeavors remain both profitable and resilient.
The downfall of Sunrun : What next !
Ladies and gentlemen, in today's financial analysis, we focus on Sunrun, examining recent price movements and conducting a comprhensive outlook.
First, we notice something significant: the stock has dropped by 16% from its previous trading zone. This is noteworthy, especially if the stock shows signs of going up again.
Now, let's discuss what happened at the Jackson Hole Symposium. The Federal Reserve Chair, Jerome Powell, talked about raising interest rates, which is different from what other officials said. For example, Patrick Harker from the Philadelphia Fed thought we should keep interest rates as they are. Austan Goolsbee, the Chicago Fed President, was also cautious. He mentioned challenges like high inflation, problems in the supply chain, and the possibility of a big strike in the auto industry. Despite these challenges, he remained hopeful that we can control inflation without causing a recession. He also stressed the importance of using data to make decisions, especially the real interest rate. The stock market liked what he said, and the SPDR S&P 500 ETF Trust went up by 0.8%.
Now, let's look ahead. I believe things might change for $NASDAQ:RUN. This belief comes from seeing other companies in the alternative power generation sector, like NYSE:NEP , NYSE:NOVA , and NASDAQ:RNW , starting to do better based on their recent performance. We've also heard that inflation might not keep going up, which is good news for RUN. In this situation, my plan is to keep a close eye on the market and stay updated on the latest news. I'll make sure to update this report with any new information.
RUN has HUGE options activity, mostly short term callsSaw a notification yesterday on decent #option call buying & decided to look into NASDAQ:RUN , again, it's been a while.
Options are going off like crazy!!! Today too!
IMO risk reward is very good here. Long term support & the intraday charts look like they want to bottom.
#solarenergy
BIOL | Bull run starts here! | 8.8.23Waiting for #BIOLASE #BIOL #NDAQ #NASDAQ
NOT INVESTMENT OR FINANCIAL Advice!
RUN Sunrun Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RUN Sunrun prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price In the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.51.
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.