UPDATE: Transaction Capital ready to ride to R5.30
Medium Probability Analysis has formed on TCP.
The price is below the 200 and above the 20MA.
But what's important from the last update is the support level has been tried and tested and is strong at R2.30.
Hopefully it is impenetrable and will keep the buying and demand up.
The W Formation has formed, broken up and now we need a strong push from buyers to get this up to the first target at R5.30
TCP
UPDATE: Transaction Capital on its way to the 2nd target R11.53Two formations occured with TCP.
The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88.
The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time.
SInce then the trajectory has been smooth sailing up. Target remains at R11.53.
UPDATE: Transaction Capital heading up to target 2 - R11.53Transaction Capital has been the come back duck since October.
It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern.
Since it broke above the neckline, the momentum has been on fire.
This is just an update that the price is on its way to the next target at R11.53.
UPDATE:
Transaction Capital aims to generate between R900 million and R1.25 billion through the sale and issuance of shares in WeBuyCars.
Preceding the proposed separation and independent listing of the successful second-hand car dealership.
The strategy includes offering new shares to the asset manager Coronation, along with the issuance of additional shares for acquisition by new investors, which will result in a reduction of Transaction Capital's stake in WeBuyCars from 74.9% to a range of 57% to 67%.
UPDATE TCP target reached at R6.88 next target R11.00Since the last update, Transaction Capital made a breakaway gap.
It then reached and tested the supports and bottoms at R4.06.
Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money.
This sent the price flying up to close the gap and to the first target of R6.88.
With the gap closed, we can now see a new formation (Rounding Bottom 2) forming.
And if the price stays above R6.88, the next target will be at R11.00.
I'm bullish with TCP.
UPDATE: TCP looks a little more promising but no celebrationsSince the last update, TCP has been making higher lows - but on a very slow inclination basis.
Nevertheless, as long as the lows hold we can hopefully get some buying into the company.
The models are strong, the strategy is good and the competition is low. It's sad to see it fall like this.
Transaction Capital ready to shoot up to R18.56 thanks to a box?Box Formation has formed on TCP.
We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.
However, we are seeing potential signs of a bottom as there could be more buying to push the price up.
Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the downtrend resistance at R18.56
ABOUT THE COMPANY
Core Focus:
Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services.
Founding Year:
The company was founded in 2007.
Credit Services:
The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market.
Taxi Services:
The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators.
Ride-Hailing Investment:
Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies.
Risk Management:
The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively.
Technology Integration:
The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience.
Social Impact:
Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
UPDATE: Transaction Capital hit my Take profit but I'm pissedFalling Range formed on TCP and there was a trend channel bearish
200> 7<21
All the signs were showing downside to a target at R26.46. Which it hit.
If I held it just one more day it would have gone to R14.50.
But that's trading for you.
Now with the gaps and panic selling, we can expect some accumulation to form bringing the price up to close the gap. Then we will need to wait for the next formation and pattern to form.
I'll await and let you know
Transaction Capital in a strong downward range to R26.46Falling Range is a trend channel bearish
200> 7<21
Target R26.46
CONCERNS:
A trend channel is never as strong as a breakout pattern. The reason is the price can move in a sideways range before it continues its down or up leg. Also the price doesn't always touch the edge of the channel.
I would wait for a breakout before I decide whether to buy or sell.
ABOUT:
Transaction Capital (Est. 2001 in JHB SA) is a South African financial services company that provides a range of services, including debt collection, vehicle and asset financing, and insurance services.
Transaction Capital has a strong presence in SA including Zimbabwe, Zambia, and Mozambique.
The company's debt collection division is one of the largest in South Africa, serving both consumer and commercial clients.
With their asset department they provide financing solutions for a range of assets, including vehicles, trucks, and earth-moving equipment.
The company's insurance division offers a range of insurance products, including motor, household, and life insurance.
🏂GEMHUNTING #2: The Crypto Prophecies: 200EMA/dynamic supportWelcome to the second episode of my #GEMHUNTING series where I look for micro-cap coins with both good looking chart & fundamentals.
The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has not been touched yet. It seems like the price may have formed an ascending wedge, but it's gonna take a while until we see a potential squeeze. The upper trendline of the formation is also over 300% away so that's good enough.
I went over their website, whitepaper and everything looks good. The game is being constantly developed, the devs are posting a lot of updates and interact with community. The game runs on Polygon(MATIC)
Current market cap: $13,960,588
Let's compare The Crypto Prophecies to a similar project with much bigger market cap:
"If The Crypto Prophecies had Axie Infinity's market cap of $8.7B, 1 TCP would be worth $107.32, an upside of 614x" // Source: coinperspective
Targets:
0.20
0.25
0.2754 (local level)
0.31
0.39
0.45
0.55
ATH+
-- if things go right possible long-term hodl with no specific targets --
-----------------------
About TCP:
The Crypto Prophecies is a decentralised peer-to-peer price prediction game that uses NFT characters called Crypto Prophets.
Place your wager and go head-to-head with other players to battle it out over the candles, predicting how each one will close. It’s a real-time points based game and it’s against the clock, so be quick with your predictions and watch out for your opponents magic spells!
Source: morioh
TCP is a Buy which is Ready to go HighBuy 0.18 - 0.195
Stop loss close below trendline.
I'm expecting a nice run from TCP after a few days on consolidation
TCP Correction is Over - You you Agree?BOS from 22-Oct was not corrected, so price is moving back to correct it. The fun of it it all is that the demand area is aligned with the trendline giving us a double confident to hope for a reversal.
I wouldn't misinterpret this as a reason to risk more than required though.
Let me know what you think (like, follow and please comment)
TCP USDT Long SetupTCP getting closer to a breakout from ascending triangle
May see some resistance in 0.46~ area
Expecting a slight dip and then a breakout
TCP TARGET MET!TCP broke out of the wedge and hit my target of $0.3500.
7 DAY SPOT PROFIT OF 135%, NOT FINANCIAL ADVICE.
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side .
Buy 337.5
SL 324.4
Manage Your Target And Sl According to Your Risk Appetite .
Happy Learning .
Long Term Support about to be broken?On the chart you can clearly see that long term support is broken. Also downtrend is in play since last couple of weeks - 2 trends are forming nice simetrical triangle.
My bias is short here. A lot of traders are waiting for confirmation on daily to enter short now. Let's just wait for confirmation and see if the trendline starts acting as resistance (personally I think it will test the line few times). If the trendline becomes resistance indeed, then it's safe to enter Short position and aim to the previous lows in the support line (1.486 or even 1.394).
On the other hand if the price goes above RED downtrend line and support trendline holds, we will see it rising even more, but I don't see this happening.
Good Luck!
Drop from the Top :)We have 2 uptrend support lines broken and spike up during BoJ news, then during the day price dropped down to the support area of 113.84
The price should continue going down, if you're in from the top good for you, if not - wait until the support line becomes resistance, since we're in strong downtrend I am not sure if the resistance will be restested a lot, so be quick with placing shorts.
TP is the previous support line on 112.99
Good luck!
XRPBTC: Short Term BuyXRPBTC recently broke the sideways channel it is in and retest the new support. What I am waiting for now is a retest of that level again (double bottom) to enter the market, giving us a little over 1:2 risk/reward or a 4% loss to a 10% gain. What are your thoughts on this XRPBTC?
Trade with care.