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Bullishsetup

$CELH - Celsius Bull Run Starts Again?NASDAQ:CELH Hey everyone! I've identified an ascending channel pattern on the Celsius weekly chart that started in 2022 (see weekly chart below) and has been playing out perfectly since then. When the price reaches the channel's bottom line, it reverses, and a bull run begins again. On the weekly chart, the price holds on the lower line and 100 EMA perfectly and bounces back up. UT Bot indicator gave a buy signal on the daily chart, and I think there is over a 50% profit opportunity. That's why I believe a swing-long trade would be perfect! Weekly chart:
NASDAQ:CELHLong
by cumacevik
5
Is the Correction Over?In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%. At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now. #Bitcoin could drop below the $50k zone as there is a lot of liquidity waiting to be taken from there. The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
BNC:BLXLong
by TraderX10101
1
Fourth Straight Weekly Loss for BTC/USD; Support in PlayBTC/USD remains entrenched in a corrective slide, bolstered by the Fed minutes emphasising reluctance to ease policy until confidence in the disinflation process is observed. Early Downtrend Signalled, But… Down for a fourth consecutive week and shedding -6.3%, the major crypto pairing is now displaying early signs of a longer-term downtrend on the weekly timeframe, given the fresh lower low formed last week at $53,412 – its lowest value since late February. The weekly timeframe’s structure, nevertheless, points to a potential rebound. Support at $56,796 and channel support, taken from the low of $60,717, recently welcomed price action. Should bears take a back seat here and bulls make a show, we could still be looking at a possible bullish flag formation (drawn from the above low at $60,717 and the crypto’s all-time high of $73,845). However, considering recent downside momentum, the risk of further declines remains and could unmask possible follow-through selling towards another layer of support coming in at $51,948. Daily Support Thursday witnessed the break of trendline support, extended from the low of $26,665 (a bearish signal). Of note, price action has also made its way south of the 50-day simple moving average (SMA) at $64,758, yet we have not seen the unit cross below the 200-day SMA at $51,698. Despite the bearish cues, Friday shook hands with a 100% projection ratio at $54,678 (an AB=CD bullish pattern), complemented by a 38.2% Fibonacci retracement ratio from $55,151. South of here, a decision point area calls for attention at $50,601-$53,015, followed by another layer of support at $48,007. Price Direction This Week? This week, on the side of sellers, we have an early downtrend present depicted through price structure (the lower low on the weekly), and the trendline support and the 50-day SMA breach on the daily. However, sellers must contend with heavyweight support on the weekly and daily timeframes ($56,796 and $54,678, respectively). It should also be noted that should these levels cede ground, the daily decision point area at $50,601-$53,015 awaits nearby, which houses the next layer of weekly support mentioned above at $51,948 and the 200-day SMA at $51,698. Therefore, sellers will likely be reluctant to commit until at least current support is consumed, which may trigger a rebound higher this week.
FPMARKETS:BTCUSDLong
by FPMarkets
STRKUSDT | Change in Trend?Is this the bottom? STRKUSDT is showing a potentially game-changing head and shoulders pattern, and we've just seen an impressive 8H candle bounce off the resistance level! Trade Setup This setup looks incredibly promising, with the target price of 1.8 aligning perfectly with the head and shoulders pattern target. With a solid 3:1 risk-reward ratio, this trade is shaping up to be a fantastic opportunity. Could this be the trend reversal we've been waiting for? Let's see how it plays out!
Long
by minno91
Bullish bias on GBPCAD on Friday June 07.What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R. What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way. Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD. My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
Long
by hascardenas
||XRP/USD|| BULLISH MEDIUM TERM PROJECTION!XRP is currently sitting within a longer term consolidation phase ranging for roughly 300+ days. price is currently resting just above ranging support (between 0.47-0.50). In the following points I shall express why my perspective in the medium term is bullish. Pendant formation: even though this formation is neutral meaning the price can go either way, i am more confident in an upward breakout based on various confluences. projections for this formation can place the price either 0.655 for the long or 0.40 for the short, which would be an excellent buy in, however, there isn't a very high likely hood prices will reach these levels in the medium term, or maybe not even in this bull market in my opinion. Sup & res: Price is currently being pressured into the support levels by both the current formation as well as the 100 EMA. (spring effect) MACD: as seen on the 3 vertical lines placed on the convergence prior to a big volume spike which led to rallies, all of which reached resistance levels between 0.71-0.73. current market structure shows another convergence as volumes cross into the green and averages converge. this could be an indication of yet another breakout to our target, and potentially, with a 66.67% chance, price reaching previous resistance of 0.71+. let me know what you think about this analysis. criticism is encouraged! thank you for reading!
BITFINEX:XRPUSDLong
by Crisp_Flow
4
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3. We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
BINANCE:MANAUSDLong
by ew-forecast
Shipping Corporation Of India Showing Expected Up-Side MomentumCompany has reduced debt. Company has delivered good profit growth of 24.4% CAGR over last 5 years Strengths Long track record of operations along with diversified business segment SCIL is one of the largest shipping companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals and nominees of GOI. The long track record has helped them establishing relationships with major PSUs in India like IOCL, HPCL, BPCL, ONGC, etc. The company have diversified business segments which includes crude oil/product tankers, dry bulk, offshore services, and container operations, and has a presence in passenger vessels, chemicals, and gas transportation. SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels. Acuité believes that SCIL will continue to benefit from its long operational track record and established relationship with the PSU's./b] Strategic importance to Government of India With more than six decades of operational track record, SCIL, remains strategically important to the Government of India. The company have been playing a pivotal role towards supplying vessels for the Indian Government key operations such as Mars Orbitter Mission of ISRO (Indian Space and Research Organisation) and other defence missions via agreement with DRDO (Defence Research and Development Organisation). Furthermore, SCIL have created strategic alliances with other governments such as Maldives, Andaman & Nicobar Islands for providing maritime services among islands. They have also been serving projects of national importance by partnering with ONGC and Geological Survey of India (GSI) for offshore services. Apart from that, the company deployed its container vessel on direct "India - Middle East Shipping Service" which connects East & West Coast of India with Middle East ports of Jebel Ali and Hamad and will also cater to other ports in Persian Gulf. Stable business operations The business operations of the company remained stable over the years marked by healthy growth in revenue from operations by -25% CAGR over FY21-23 period. The consolidated company achieved revenues of Rs.5794.01 Cr. in FY23 compared against Rs.4988.08 Cr. in FY22 and Rs.3698.09 in FY21. The improvement in revenue is attributable to significant improvement in liner freight indices and bulk segment due to significant improvement in charter rates. A surge in the tanker charter hire rates helped the Tanker Segment to post significant profits. The dry bulk segment is still recovering from historically bad period and loss of key cargoes such as iron ore exports from India, resulting in long non-profitable ballast legs thereby putting pressure on earnings. Although, in later parts of 2020, dry bulk trade recovered remarkably well on account of stimulus packages given by various governments and with China, the main driver of dry bulk demand, recovering quickly from COVID-19 crisis. Simultaneous occurrence of multiple factors conducive for the dry bulk shipping business, viz., spike in dry bulk materials demand, strong trade in grain, coal and iron ore segments, low active fleet growth maintaining tonnage balance etc. gave a good push to the dry bulk rates. Also. strong trade growth and tapering dry bulk carrier deliveries bode well for the near future. Healthy Financial Risk Profile The financial risk profile of the company remained healthy marked by strong net worth, gearing ratio and comfortable debt protection metrics. The tangible Net worth of the company stood at Rs.6902 crore in FY2023 as against Rs.5974 crore in FY2022. The debt/equity of the company improved and stood comfortably at 0.37x and 0.53x as on 31 March 2023 and 31 March 2022 respectively. The TOL/TNW of the company improved and stood low at 0.66x as on 31 March 2023 compared against 0.82 times as on 31 March 2022 respectively. The debt protection matrices of the compar mained comfortable marked by interest- coverage-ratio of 9.45x and Debt-service e ratio of 2.30x for FY2023. Acuité believes that financial risk profile of SCIL may remain strong owing to no major capex plans and stable profit accretions.
NSE:SCILong
by iism-ExpertTrading