XHB on a bullish move. Will this signal homebuyer confidence?
I wanted to touch base on the Homebuilders ETF, which I analyzed back on Jan 20, 2023
On jan 20, price broke out of its side-ways range finding support on the VAH and at the time of writing, testing the weekly of 69.65 as support.
Based on my Fib time levels, I am expecting a significant move around Feb 22, 2023.
If XHB plans on higher targets, I would like to aim for the next weekly level of 86.12
I found this very interesting as when I did my initial analysis in Jan, a few weeks late the News made an announcement on the homebuilder's trust and how it is on a bullish move.
Guess the "News" doesn't really give anything new when the Charts are King :)
With the Homebuilders ETF increasing in price, this may signal a bullish housing market as this is a signal of increased homebuilder confidence.
Which also means we are seeing a higher demand for homes!
Although Crypto is my primary focus, I still like to analyze all markets!
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
Please send me requests on any chart you would like me to see! I'd be more than happy to take a look! <3333
On jan 20, price broke out of its side-ways range finding support on the VAH and at the time of writing, testing the weekly of 69.65 as support.
Based on my Fib time levels, I am expecting a significant move around Feb 22, 2023.
If XHB plans on higher targets, I would like to aim for the next weekly level of 86.12
I found this very interesting as when I did my initial analysis in Jan, a few weeks late the News made an announcement on the homebuilder's trust and how it is on a bullish move.
Guess the "News" doesn't really give anything new when the Charts are King :)
With the Homebuilders ETF increasing in price, this may signal a bullish housing market as this is a signal of increased homebuilder confidence.
Which also means we are seeing a higher demand for homes!
Although Crypto is my primary focus, I still like to analyze all markets!
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
Please send me requests on any chart you would like me to see! I'd be more than happy to take a look! <3333
Comment:
just an update on the XHB
Comment:
A Time to short very very soon Fam.