Bitcoin - Last chance to sell here, then DOOM (must see)Bitcoin is short-term bullish, but expect doom. With me, you always have a plan. Stay updated. What is the plan now? Of course we want to make a profit in the next few days and weeks. I will share with you my plan. But first, let's take a look at the massive crash that happened in the past few days. I warned you about that crash in my previous analysis.
The crash was very steep and strong, and I see an impulse wave. After each impulse wave, there is an ABC, ABCDE, or a complex correction. You want to look for strong levels on the way up to short Bitcoin or potentially exit your longs (sell Bitcoin) if you haven't already. On the chart, you can see 3 strong levels that Bitcoin will probably hit in the next few days.
Keep in mind that there is also a huge unfilled FVG on this 1h chart, and usually the price wants to return at least to the end of the FVG. Why is bitcoin short-term bullish? We can see multiple green candles in a row, which is a strong price action suggesting a continuation after a pullback.
Where can bitcoin rise to? The first resistance is the first order block after the FVG. Next, a 200 moving average is displayed on the 1h chart. This moving average is used by huge institutions and hedge funds, so you definitely want to be aware of it. After that, we have the end of the FVG. So in conclusion, there is a strong resistance around 97k. But what if Bitcoin wants to go a little bit higher? Yes, this is really possible, because after an impulse wave, we look for the 0.618 FIB retracement. This is exactly at 98323. You really don't want to go long here, but short.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Triangle
XRP the time has finally come
COINBASE:XRPUSD
alright guys today is an exciting day...
long position buy order set for $2.10....can set for $2.15 just to be sure order fills....that 5 cents is not going to matter one bit for the next move that is imminent....we are currently in an ABCDE correction after Novembers wave 3 rip that we all enjoyed...i am excited to say we have reached the end of our time here in this corrective phase and the time to move up is here. we have been inside this bull flag since November and through the entire month of December... we have now reached the wave E and are very much in the final leg...price drop to 2.08 area to the bottom of the trend line will then result in the beginning of the 5th wave where will see a very dramatic price spike to the upside and out of this bull flag....my personal price targets for exits will be $2.98-$3.49-and $3.76....with other technical analysis from the community suggesting a much higher price than even these...its important to remember your game plan. and to stick to it..dont let someone elses opinion effect your vision. know your exit and follow through...without a proper exit strategy and the discipline to stay on course in the moment you might as well just be throwing mud at the wall and hoping some sticks...with discipline you will profit...with greed you will be the last one holding the bag...good luck
EUR/USD 30 Min Breakout - Symmetrical Triangle PatternI’m analyzing a potential breakout in EUR/USD on the 30-minute chart. The pair is forming a symmetrical triangle pattern, suggesting a phase of consolidation after the sharp downward move earlier. Based on the trendlines:
The red horizontal line indicates resistance near 1.0250.
The green ascending line represents rising support, forming the lower bound of the triangle.
My Bias: I expect an upside breakout based on the momentum building along the ascending trendline. The price has tested resistance multiple times, increasing the likelihood of a breakout.
Plan:
Entry: I plan to go long if the price breaks and closes above 1.0250, ideally with increased volume to confirm the move.
Stop Loss: Below the ascending support line near 1.0230 to minimize downside risk.
Target: Projecting the height of the triangle, my first target would be 1.0275, with a stretch goal around 1.0300 if momentum continues.
Keep in mind, breakouts can sometimes fail, so patience and proper risk management are key.
What do you think of this setup? Let me know your thoughts!
Updated Triangle Count - Short Term BearishUpdating my triangle count for the Wave 4 on XRP. This would clearly throw some people off guard as this type of price action could take up most of February before we get the final 5th wave. Yes, it is very possible the triangle has already completed and all that’s left is a retest.
However, I’ve been holding since 2020, so I would not be surprised if they make us suffer longer. The push from $0.50-$2.90 lasted only a month, so that’s about what I expect after this triangle is for sure completed. That could start this week or next month. I much prefer sooner, but this is just another possibility to look out for.
If the triangle still needs more time, we should expect it to revisit $2.20-$2.30. E can also overthrow the AC line before reversing, which could get us down into the $2.10-$2.15 area.
XRP: Post-Triangle Thrust in Play?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
XRP continues to hold up better than most assets in the current market, showing strength despite overall volatility. Based on the analysis of a potential triangle pattern, it appears XRP could be entering a Post-Triangle Thrust (PTT) phase, with a projected target above $3.
Key Levels to Watch
For this PTT scenario to unfold, XRP must break through critical pivot levels and maintain its position above them. On the chart, $2.20, $2.72, and $2.90 are pivotal areas of interest. A successful breach and hold of these higher levels would further validate the bullish outlook.
Additionally, the trend lines highlighted in the chart, which XRP has reacted to multiple times in the past, remain crucial. The upper trend line will need to hold as support to sustain the bullish momentum.
Volume Trends
One notable aspect of the current price action is the declining volume, as shown on the chart. While this is typical during a consolidation phase, increased volume would provide stronger confirmation of a breakout. Higher volume on a decisive move would signal greater market participation and conviction in the direction of the trend.
Conclusion
The potential for XRP to hit the $3 range hinges on its ability to break and hold above key levels, supported by stronger volume and respect for trend lines. Next week will be critical in determining whether this Post-Triangle Thrust plays out as anticipated. For now, all eyes are on the pivots, retrace, and market sentiment.
Trade safe, trade smart, trade clarity.
Bear Flag or Bullish Flag for ZcashZcash appears to be consolidating into a bearish flag or a bull flag after breaking to the upside of an ascending triangle.
The horizontal resistance of the macro ascending triangle has turned into the baseline support of a micro bear flag or bull flag.
The RSI is very low on a 1 year chart.
Zcash has made over half a dozen higher lows until recently we have seen a neutral low coinciding with the previous.
The williams alligator has turned downward which is bearish.
XRP/USD 12/17/2024XRP/USD Daily Chart Analysis
XRP is one of the OG altcoins that has maintained significant hype over time.
• Accumulation Phase:
After being dropped on Coinbase in July 2023, XRP experienced a steady decline, entering an accumulation stage that persisted through November.
• Breakout and Uptrend:
In mid-November, massive volume flooded into the coin, breaking it out of its accumulation phase. Following this breakout, the price entered a strong uptrend, consistently respecting the 10-day EMA.
o The uptrend pushed the price +265% in just two weeks.
• Consolidation and Triangle Formation:
After reaching its peak, the price began consolidating sideways, forming a triangle pattern. For those who missed the initial breakout, this pattern provided a potential entry opportunity.
• Current Price Action:
Today, the price has broken above the triangle pattern, signaling a continuation of the uptrend. The 10-day EMA remains intact as support, reinforcing the bullish sentiment.
o The MACD is in bullish territory but still below its signal line. However, the contracting MACD histogram indicates a possible MACD crossover above the signal, which could provide the momentum needed for a sharp move upward.
o Expect volume to increase, similar to the initial breakout phase.
________________________________________
Trade Setup (Long Position):
• Entry: 2.5427
• Stop-Loss: 2.1213, -16.57%
• 1st Target: 3.6723 (+44.43%) | Risk-Reward Ratio: 2.68
• 2nd Target: Trailing the 10-day EMA on the daily chart.
________________________________________
Conclusion: With the breakout from the triangle pattern, the strong 10-day EMA support, and the improving MACD setup, XRP looks poised for another substantial move north. Volume is expected to flood in, mirroring the breakout momentum observed in mid-November.
Asian Paint likely to shine againStock was in correction from Oct 2021.
There was time consuming triangle as internal "X"
and recently Y ended with down impulsive nature.
All marking are done on chart.
Triangle -> Thrust -> Tumble
Here after downside Thrust on completion,
so higher probability of Tumble which may result as upside move.
[Swing Trade] NAVINFLUOR CMP - 3630.95Analysis:
Pattern Formation:
The chart shows a symmetrical triangle pattern, formed by a series of lower highs and higher lows. There is a price consolidation and a battle between buyers and sellers I assume, there may be a potential breakout / breakdown.. but if price is above all the MAs and spike in volume, I believe it will definitely give us 30%..
Breakout Zone:
The upper blue trendline (~₹3,750) represents the resistance zone. A breakout above this level signals bullish momentum, and if there is a spike in volume and some sustainability, it can breakout
Smile
Keep an eye on MAs, Volume and breakout of the blue line
Do your own research before you trade this stock. This is purely for education purpose.
STORJ Breakout Loading Is a Bullish Surge on the Horizon?Pattern and Setup
Symmetrical Triangle Formation. A bullish pattern indicating potential upward momentum.
The price is currently consolidating within the triangle, nearing a potential breakout point.
Key Levels and Targets
Trendline Resistance at $0.70 this is a critical breakout level to watch.
Breakout Confirmation above $0.70 could lead to a significant upward move.
Strategy
Wait for a clear breakout with strong volume above $0.70 for a bullish entry.
Upside potential will depend on market conditions and momentum after the breakout.
Risk Management
Consider placing stop-loss levels below the lower trendline or recent support to manage downside risk. Target prices can be adjusted as the breakout unfolds, monitoring resistance zones.
Insights
Symmetrical triangles often indicatecontinuation, and this setup leans bullish. However, always confirm with volume for stronger conviction. Stay alert for false breakouts or a downside breach if momentum fades.
Synchronoss Technologies Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Synchronoss Technologies Inc.
- Double Formation
* A+ Set Up)) | Completed Survey
* 012345| Wave Count | Subdivision 1
- Triple Formation
* ((Triangle Structure)) | Continuation | Subdivision 2
* Numbered Retracement | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Next week will be challenging for S&P 500 bullsNext week looks challenging for S&P 500 bulls. The price is stuck in a descending triangle pattern, and if it breaks below this week's low of 5,807, the market could trigger the pattern, suggesting a potential 3.8% drop to 5,596. However, staying above this week's low could allow for sideways movement or even a push higher. In the short term, the outlook remains bearish as long as the price stays below 5,933.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GOLD → The market is nervous ahead of NFP. What's next?$FXCM:XAUUSD continues its strong upward movement, but along with the growth there are growing risks of a strong fall. NFP is ahead, and the situation is quite tense....
Fundamentally the situation is confusing, the main nuance is Trump's policy and the hawkish stance of the Fed, which creates pressure on the market, but gold, as we see, is rising due to the growing economic and geopolitical risks associated with Trump's policy, the crisis in the Middle East, Eastern Europe and economic problems in China.
NFP is ahead, which creates additional risks: either an aggressive rise or a breakdown of strong support and the formation of a strong downward momentum.
A weaker NFP may bring back expectations of an aggressive Fed rate cut, causing a broad correction in the US dollar, which could favor gold. Conversely, an upside surprise in NFP and wage inflation data could reinforce hawkish Fed rate hikes.
Resistance levels: 2678, channel, 2693
Support levels: 2675, 2671, 2665
Technically, a strong bullish structure is forming. A break of resistance and favorable news could strengthen the rise to 2700. But, there is an additional scenario: Break of support of the rising structure or 2665 - 2671 may provoke capitulation and fall to 2655 - 2640.
Regards R. Linda!
AUDUSD → Trigger breakdown will trigger a fallFX:AUDUSD is approaching the trigger that can provoke a strong fall. Against the backdrop of a strong and rising dollar, the Aussie doesn't stand a chance yet.
The price is testing the level from the weekly timeframe, the breakdown of which will open the way to the abyss. There is no support until 0.54-0.55. Based on Trump's policy, the Fed's stance and the potential of the Australian dollar we can say that the odds are generally quite high that the price will continue its decline in the medium term expectation.
Technically, on 4H the price is approaching the level of 0.6179. A pre-breakdown consolidation is forming in relation to the level. I do not exclude an attempt to retest the local resistance before further breakout, but the general technical and fundamental situation hints at a decline.
Resistance levels: 0.6199, 0.622, 0.6274
Support levels: 0.6179
Downward channel, retest of support after false breakdown of resistance (deceptive maneuver before a strong fall). Emphasis on the trigger at 0.6179. Breakdown and price consolidation below the level will trigger a fall
Regards R. Linda!
TCPL Packaging Limited Triangle Patters Projective GrowthInvestment Analysis Blog Post: TCPL Packaging Limited
Introduction
TCPL Packaging Limited, a prominent player in the packaging industry, has recently released its financial reports, providing valuable insights into the company's performance and future prospects. This analysis will delve into the key financial metrics, growth potential, and strategic focus of TCPL Packaging, helping investors make informed decisions.
Profit and Profit Growth
TCPL Packaging has demonstrated strong profit growth in the recent quarter. Here are the highlights:
- **Profit Before Tax (PBT):** Increased by 22% year-on-year to Rs. 45 crore in Q2, indicating robust financial health.
- **Profit After Tax (PAT):** Reached Rs. 36 crore, showing significant growth and reflecting the company's ability to convert profits into tangible earnings.
- **Cash Profits:** Reported at Rs. 64 crore, highlighting healthy cash flow generation which is crucial for sustaining operations and funding future expansions .
EBITDA and Operational Efficiency
- **EBITDA:** Grew by 18% to Rs. 77 crore, with margins at 17%. This growth reflects effective cost management and operational efficiency, suggesting that the company is optimizing its resources well.
- **EBITDA Margin:** The stable to slightly increasing EBITDA margins around 15-17% in recent years indicate that TCPL Packaging is maintaining its operational efficiency despite market fluctuations .
Future Plans and Growth Potential
TCPL Packaging has several initiatives that promise significant growth potential:
- **Expansion in Southern India:** A new Greenfield facility near Chennai is set to commence operations soon, adding about 750 tonnes of monthly capacity. This is expected to contribute Rs. 70-80 crore in annual revenue initially, with further expansion possibilities.
- **Subsidiary Performance:** The subsidiaries are growing at a high double-digit rate, although there is a need for scaling up profitability. As the subsidiaries grow, improved margins are anticipated.
- **Flexible Packaging:** Despite current underutilization, there are plans for a gradual ramp-up, with full utilization expected within 6-12 months. Future capital expenditures are being considered once full capacity is reached.
- **Recyclable Films:** The facility for recyclable films is fully functional and ramping up utilization, aligning with the company's focus on sustainable solutions.
- **Export Growth:** TCPL Packaging is experiencing strong growth in exports, driven by improved Indian supply chain capabilities, competitive pricing, and established trust with long-term clients across various regions.
- **Capex Plans:** Rs. 100 crore is planned for FY25, primarily for incremental capacity in the carton business, flexible packaging, and strategic land acquisitions. Surplus cash flow may be directed towards debt reduction or growth opportunities through M&A or new business lines .
Strategic Focus
TCPL Packaging is committed to several strategic areas:
- **Innovation and Sustainable Solutions:** The company continues to focus on innovation and sustainable solutions, which is crucial for long-term growth and market relevance.
- **Operational Excellence:** There is a strong emphasis on operational excellence, ensuring that the company maintains high standards in its production processes.
- **Market Share Expansion:** TCPL Packaging aims to expand its market share and deepen customer relationships both domestically and internationally, which is key to sustaining growth .
Financial Insights
Here are some key financial insights:
- **Growth in Net Fixed Assets:** There has been a consistent increase in Net Fixed Assets, indicating significant capital investment in infrastructure and expansion. This grew from Rs. 29,365 crore in 2014-15 to Rs. 70,276 crore in 2023-24 .
- **Net Current Assets:** Net Current Assets have shown notable growth, reflecting improved liquidity and working capital management. This increased from Rs. 4,483 crore in 2014-15 to Rs. 28,119 crore in 2023-24 .
- **Total Assets:** Total assets have increased significantly from Rs. 28,660 crore to Rs. 100,072 crore, reflecting the company's expansion and asset accumulation.
Funding Structure
- **Shareholders' Funds:** Have grown from Rs. 11,383 crore to Rs. 52,572 crore, showing strong equity growth likely due to retained earnings and possibly new equity infusion.
- **Long Term Loans:** Have increased significantly from Rs. 9,743 crore to Rs. 22,478 crore, indicating reliance on debt for funding growth. However, the debt to equity ratio has decreased to 1.12 in 2023-24, suggesting a move towards a more balanced capital structure.
Revenue and Profitability
- **Sales Turnover:** Has seen a steady rise from Rs. 49,116 crore to Rs. 151,278 crore, showcasing robust revenue growth.
- **EBITDA and PAT:** Both have increased significantly, with EBITDA growing from Rs. 8,200 crore to Rs. 26,200 crore and PAT increasing from Rs. 3,219 crore to Rs. 10,137 crore. This reflects improvements in profitability over time.
Earnings Metrics
- **Earnings Per Share (EPS):** Has increased from Rs. 37.00 in 2014-15 to Rs. 111.39 in 2023-24 and TTM 129.32, indicating growth in per-share earnings.
- **Dividend Per Share (DPS):** Has also increased, showing the company's commitment to shareholder returns.
Financial Ratios
- **ROCE (Return on Capital Employed):** Has varied but settled around 19.86% in 2023-24, indicating a good return on the capital employed.
- **RONW (Return on Net Worth):** Has shown a positive trend, reflecting efficient use of equity.
- **Debt to Equity Ratio:** Has fluctuated but decreased to 1.12 in 2023-24, suggesting a more balanced capital structure.
Quantitative Analysis
- **CAGR (Compound Annual Growth Rate):**
- **Sales Turnover:** Approximately 13.2% from Rs. 49,116 crore in 2014-15 to Rs. 151,278 crore in 2023-24.
- **EBITDA:** Around 13.8% from Rs. 8,200 crore to Rs. 26,200 crore.
- **PAT:** Approximately 13.6% from Rs. 3,219 crore to Rs. 10,137 crore.
Financial Stability and Operational Efficiency
- The increase in both equity and debt shows a strategy of balanced growth, with a slight shift towards reducing debt dependency in recent years.
- Stable to slightly increasing EBITDA margins suggest operational efficiency despite market fluctuations.
- The consistent increase in EPS and DPS indicates a focus on enhancing shareholder value through profitability and dividends.
Conclusion
TCPL Packaging Limited presents a compelling investment case with its strong profit growth, efficient operational management, and robust expansion plans. The company's focus on innovation, sustainable solutions, and operational excellence positions it well for long-term growth. The financial metrics, including revenue growth, EBITDA margins, and profitability, all indicate a healthy and growing business.
For investors looking for a stable yet growth-oriented company in the packaging sector, TCPL Packaging Limited is an attractive option. The company's balanced funding structure, improving financial ratios, and commitment to shareholder returns further enhance its appeal. As the company continues to expand its capacity, deepen its market presence, and focus on sustainable solutions, it is likely to remain a strong performer in the industry.
Can BNB reach around $1000 ?...Currently, BNB is forming an ascending triangle, indicating a potential price increase. It is anticipated that the price could rise, aligning with the projected price movement (AB=CD).
However, it is crucial to wait for the triangle to break before taking any action.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
I think I have drawn a flawless painting !!! As you can see, the price is forming two bullish patterns on the 4-hour timeframe. I expect the price to rise to the top of the triangle to complete the handle of the cup and handle pattern. If my view is correct, Cardano will rise to $1.5 . so I think I have drawn a flawless painting!!!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!