LINK/USD: Chainlink to way to $100 USDI believe that the montly timeframe it's look extremely interesting for who thinking to buy Chainlink in $15 USD. Chainlink it's became more cheap when the higher price was at $50 USD. Now, I believe that Chainlink support this key support line that it's a way that Chainlink going to the way to $100 USD.
And also, I believe that Chainlink like investiment it's look interesting to invest, but I believe that Chainlink never will overtake Cardano in this rally, becuase Cardano it's a giant cryptocurrency more powerful than Chainlink. For that, right now, I'm enfocous in 3 specific cryptocurrencies: Ethereum, Cardano and XRP. For that, I have my own plan using this cryptocurrencies. Ethereum, Cardano and XRP are the biggest cryptocurrency that I know wth a lot potential of their adoption and very competitive.
But maybe, I consider to buy Chainlnk spot in my broker to invest in the trading by swing trading until $100 USD if I bought in $15 USD.
Investment
ETH/USD: Ethereum need to hold $1,900 USD to continue upLooking in 3 Daily timeframe. Ethereum continue fight to break down the key support of $1,900 USD. But, if you look my recently analsyis that Ethereum show us a bullish divergence, I hope a bull cases continue to fight. That it's my perspective in Ethereum that based in this model, Ethereum could to hit the mark of $5,000 USD in medium term when Ethereum get more power to continue up in this bull rally. For that, some altcoins are up in front of Ethereum, but Ethereum it's a monster cryptocurrency and mother who dominate the altcoins.
s3.tradingview.com
I'm in this trade that we could to view in Daily timeframe.
A Success Tunnel for 360 DigiTech: Business TransformationChina's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market.
In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in the corporate and consumer sectors. The Matthew effect in the industry has been further exacerbated under such circumstances, where small-sized companies with less capital or poor risk resistance ability will be forced to quit the stage.
Although 360 DigiTech, Inc. (QFIN:NASDAQ) is a late starter, it is one of those niche players able to stand up to this fierce competition, mainly due to the reputation of its parent company – 360 Security Technology, Inc. (601360:SH) which brings significant brand visibility to the table.
Strong performance with low valuation
This USD 6.57 billion company is currently outperforming what the market expects. On May 27, 360 DigiTech released its unaudited financial results for the first quarter of 2021. The total net revenue increased by 13.1% to CNY 3.6 billion (USD 0.55 billion) from CNY 3.2 billion in the same period of 2020, while the non-GAAP net income reached CNY 1.41 billion (USD 0.2 billion) with an astonishing increase of 452.8%. The operating income along with the account under the non-GAAP measure achieved a growth of 745.7% and 533.0%, respectively.
However, given this relatively strong financial performance, 360 DigiTech's P/E ratio appears to have been lower than that of its peers for a long time, although it is currently ranked the highest among the top four. Lexin (LX:NASDAQ), a leading online consumption and consumer finance platform, is also using technologies to encompass risk management and loan facilitation systems, just as QFIN does, but its P/E ratio is far higher than that of QFIN. For example, in the third quarter of 2020, Lexin's P/E ratio was more than 5 times that of 360 DigiTech; by Q2 2021, Lexin was lower than 360 DigiTech for the first time, at the level of 8.1. Along with the progressively upward stock price, the necessity of re-assessing 360 DigiTech is becoming more obvious.
How the asset-light business model works
360 DigiTech is one of the earliest platforms in the industry to proactively initiate the transformation of reducing the proportion of self-operated loans and improving loan facilitation. This turned out to be an informed decision.
In the third quarter of 2019, 360 DigiTech first proposed its new strategic target for adopting the 'capital-light,' or more commonly as 'asset-light' business model. More colloquially, this refers to the company directly navigating the borrower to their cooperative financial institution, while collecting service fees from credit evaluation, credit management, or other technical-related services.
According to the published unaudited financial results of 360 DigiTech for the first quarter of 2021, the total loans originated by financial institutions were CNY 74.15 billion, of which CNY 37.25 billion (50.2%) was under an asset-light model and other technology solutions, achieving an astonishing increase of 211.9% over the same period in 2020.
Haisheng Wu, CEO of 360 DigiTech, stated that "...over 50% of the loans were facilitated under the capital-light model and other technology solutions..." and it is a "fundamental change to the nature of our business, from being capital-driven to technology-driven."
The highlight of this model is that as a loan facilitator, the company is not required to inject any margin for each loan. In other words, the credit risk of the asset-light business is borne by the capital; the loan facilitator is thus riskless. Besides, it can better respond to regulatory requirements and resist the impacts of uncertainty on business stability.
Moving further towards 'tech'
In policy terms, the tightening regulatory rules pose a little impact to loan facilitators like 360 DigiTech – even as fintech giants like Ant Group and JD Digits may suffer – as its targets are excess leverage and systematic risks. It creates opportunities for 360 DigiTech to jump a queue. The asset-light model is hence the core strategy of reducing the regulatory and credit risk. Besides, QFIN is trying to use less capital and more technology-powered services to open up more opportunities, both in terms of client acquisition and risk management.
The improved portfolio quality, as indicated by the relatively low delinquency ratio, was one of the contributors for its shining performance even in the special 2020, although it showed an upward-trending slope for the period during the epidemic. However, it seems reasonable: due to the lag of loan repayment as well as its timeliness of statistics, the negative effects of China's -6.8% GDP in 2020Q1 only started to appear in the second quarter of 2020, causing a history of high non-payment ratio of 2.82%. Up to date, the company's delinquency ratio has nearly risen back to the level before COVID-19, and we will keep an eye on its future performance.
Moreover, with a few innovations and technologies, for example, Argus RM Model, Intelligence Credit Engine (ICE), Cloud Bank System, Cosmic Cube System, Apollo Platform and AI Robots, 360 DigiTech is working hard towards the 'tech side' of the fintech business as well as being technology partners with banks. The strategic collaboration with Kincheng Bank (KCB) is a good example.
The bottom line
360 DigiTech's asset-light model works well, and it has the potential to pay off from the long-term perspective, which brings further expectation for its growth prospects. The company's business expansion plans are proceeding with KCB as the first step. These strategies will further improve the company's flexibility in this competition for market share.
Fo rthe full article with chart, please visit the original link
Ratio of U.S. Dollars to GOLDThe most recent ratio line crossed downward through a long-period Moving Average in June 2017. A decline in the DXY/GOLD ratio indicates that Gold is outperforming the U.S. dollars over long periods, so investing in Gold in relation to U.S. dollars , is a wise investment.
Invest in this NFT: Enjin Coin will explode soon!!!Enjin Coin it's showing as the unique altcoin that could to continue up and there're not any bad news if we see ENJIN/BTC or ENJIN/ETH to compare with these ratios. I see the same perspective that it's bullish. I just show you why invest in Enjin Coin because I'm so interesting to move my capital of what I hold Ethereum to Enjin Coin to find up the smart money in what cryptocurrency are exploding now. I believe that Enjin Coin could to continue up in the next days and I'm not invest in Enjin Coin, but I decide to invest in this NFT because if we see Cardano, Cardano it's make a slow movement and I know that Enjin Coin could to make volatile up movement. That it's my perspective in what I see Enjin Coin, I see that Enjin Coin break out the bearsih channel and today, Enjin Coin could to make support above of $1.30 USD and that it's an excellent way to invest in Enjin Coin, accumulating your favorite cryptocurrecy. For example: Cardano it's my favorite cryptocurrency, and also, another cryptocurrency in my radar it's XRP to possible investment soon or hold and be enfocous in XRP changing to my plan B.
s3.tradingview.com
Now, in weekly timeframe. Enjin Coin it's look bullish and more early than another cryptocurrency like XRP or Cardano, and included Ethereum. For that, Enjin Coin could to experiment a fast movement volatile.
Guys, remember, based in my own experience, I know how cryptocurrrency work and i know using my data what cryptocurrency its the turning to move with extraordinary movement to up to invest. I have 3 years of experience in cryptocurrency since 2018 and I know it very well.
In some minutes, I will going to analyze Enjin against the Bitcoin and Ethereum ratio to know if there's any chances to get smart money and use it to accumulate my favorite altcoin.
Will BTC breaks the cycles behavior this time?As we move on toward the end of this cycle, historically BTC always reaches the Fib extensions as you can see in the chart. So will this time be any different!!!
I guess we will find out in couple of weeks...
From personal experience in the markets. Manipulations takes a big part of any market that has a volatility for a certain period of the cycle phase. BTC eventually will exceeds the ATH we recently witnessed and the remaining question is always : WHEN, "RIGHT". Be patient and enjoy life while the market plays out.
This is for investors and not necessarily traders.
DQ Will Benefit from Polycrystalline Silicon's Rising PriceThe NYSE-listed company registered for an IPO on the Star Market at the end of May 2021.
● Daqo New Energy's profitability has been relatively unstable over recent years, while its sales have been increasing.
● To improve its competitiveness, the company decided to lower expenses and enhance product quality.
● External opportunities will exert a positive effect on the firm, including rising prices of polycrystalline silicon, increasing global need for solar energy, and other policy benefits.
● Major risks come from lower raw material prices, new energy consumption pressure and conflicts between different government subsidy programs.
The recent downfall of the solar panel sector has aggravated the stock market unnervingly since the beginning of 2021. Some of the solar-related stocks dropped below a 200-day moving average. Daqo New Energy's shares have also been adversely negative, decreasing by approximately 40%.
Daqo New Energy was founded in Xinjiang in 2011. After a nine-year development, the firm completed its 4A project operation, with the total production capacity reaching 70,000 tons. Specifically, the firm specializes in developing and producing polycrystalline silicon, accounting for a 16.5% market share in the production chain of silicon materials.
Outstanding sales volumes NYSE:DQ
As a leading silicon material firm, Daqo New Energy's sales volumes have presented a dramatically increasing trend after establishment. To be precise, the company had the highest YoY growth rate in 2020 for 96.31% while gaining sales volumes of about 74,811 metric tons. Although its revenues have been increasing from 2014, its gross margins were fluctuating. This might be due to its changeful average selling prices (ASPs) affected by the industry.
For the full article with the charts, please visit the original link
Improvement of self-competitiveness
To cope with the intense competition in the polycrystalline silicon industry, this silicon material firm focused on two aspects to enhance its competitiveness. The first demonstrates its cost and price advantage. After setting up, the firm aimed at creating affordable products to offer to its clients. As a result, its average production prices have been in a downward trend since 2014, and eventually lowered to USD 5.85 per kilogram in 2020.
For the full article with the charts, please visit the original link
While decreasing its product prices, the firm still improves its product quality. In detail, Daqo New Energy strictly monitors the process from raw materials procurement to production and delivery, and testing inputs in each stage. By the end of 2020, it owned over 30 process improvement projects to improve its polysilicon manufacturing process. Furthermore, it received ISO 9001:2008 certification for its quality assurance system.
Beneficial opportunities externally
Apart from the above efforts, Daqo New Energy also benefits from three external factors. First of all, The public's growing need for polycrystalline silicon is ever-expanding. Although the domestic proportion increased from 64.1% in the mid-2019 to 81.47% by 2020's same period, there still was 20% left with import volumes, indicating other rooms for domestic alternatives. In other words, the domestic supply was still lower than the domestic need, serving as a boost engine for raising polycrystalline silicon's price. The silicon material firm will also gain profits from this rising price trend.
For the full article with the charts, please visit the original link
Secondly, there is an increasing global need for solar energy. Due to the adverse effects of global warming and COVID-19, solar power appeals as a green investment opportunity for global investors. As a leading raw-material provider within the solar energy industry, Daqo New Energy has been taking the lead in China, in which annual demand for solar energy is expected to exceed 70 GW in the future.
Last but not least, policy benefits swing Daqo into an upper hand position. To complete carbon neutrality before 2060, the National Energy Administration in China is actively promoting photovoltaic power generation this year, which occupies 11% of the whole. Under this situation, China Photovoltaic Industry Association (CPIA) is expecting a dramatic increase in the photovoltaic industry's installed capacity. Specifically, China will install 123 GW by 2025. Silicon materials are important to the upstream of the photovoltaic industry chain, giving Daqo New Energy more room for development.
For the full article with the charts, please visit the original link
One of the top ten leaders in the industry
At a global stage, the company's production was comparatively stable from 2017 to 2020, hovering around the top five and top six among all companies in the world. However, compared with Zhongneng Technology, its production was still lagging behind, indicating more room for development.
For the full article with the charts, please visit the original link
From 2017 to 2020, Daqo New Energy's profitability was comparatively higher while other expenses were lower. For instance, the silicon material firm's operating incomes, gross margin and ROE were higher than Asia Silicon. On the contrary, its period expense ratio and R&D expense ratio were lower than Asia Silicon and Tongwei, separately. Although its R&D expense ratio is in a rising trend, the average in these three years was merely about 1.06%, which still needs to be improved.
For the full article with the charts, please visit the original link
Potential risks
Except for the above factors, the company also has three risks. First of all, lower prices for monocrystal silicon and polycrystalline silicon will hinder its future development. Recently, China's silicon industry's average selling prices have been dropping, moving lower than imported silicon prices. As a result, Daqo New Energy's ASPs were also lower than the current market price.
For the full article with the charts, please visit the original link
Secondly, the company faces pressures from new energy consumption. With the new energy market's rapid development, there still are some issues in new energy consumption. Specifically, abandoning the wild and light, limiting electricity will still be the essential factor to restrict new energy's development.
Thirdly, the risk of taking back subsidies from electricity prices. Due to the more extended period of closing an account, there is always a delay from China's Ministry of Finance's new energy subsidies. This situation will further affect the power generation enterprise's cash flow, harming the actual investment result.
Bottom line
As the photovoltaic industry has been rapidly evolving, Daqo New Energy has caught this headwind and continues to grow. Furthermore, the company's self-improvements have ensured it maintains a good rank globally. Although there still are some risks, they are not likely to severely affect the silicon material firm's business.
Surprise Short 🔥 Bulls Are Alive, But Sick 🩸Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
We still believe in our previous Ideas.
We believe in our channels and RSI signals.
And that is why we bet on this short before going for Target 2 (See our previous Idea)
KEY POINTS:
- Volume Is Low = Channel Holds
- Price Action Is At Resistance
- Target Is At Channel Support
- RSI Favors Bears
Leverage: x1
Entry: $36 500
Target: $33 000
Stop Loss: Daily close above $41 000 + 6 six hours
PA's weekly bullish breakout. Post #3On the weekly timeframe, PA is breaking out of its 52week high. and its MACD has formed a GC above 0. Its volume is increasing week on week and depicts strong buyers are in control of the stock price. My TA indicators are all pointing towards the continuation of the uptrend for PA for weeks to come ceteris paribus.
Key levels to watch out for:
R1 = 0.60
S1 = 0.52
The final decision to buy/sell is yours.
-FairTrades
Im Bullish On EOS in the upcoming daysBINANCE:EOSUSDT
💥 as we can see in the chart, MACD shows a bullish divergence against the price movement (recent lows)
⁉ if the price could break up the bearish trendline and be verified as a valid break in the next candles we could expect to see a bullish trend...
🟢I found some expected target points according to price action + using #Fibonaci projection (trend-based fib).
👁🗨 this is my personal analysis and opinion. :)
💬 so what you think?