$AFG is leading the financial sector. Is it ready to go higher?Notes:
* Very strong up trend on all time frames
* Great earnings
* Pays out dividends
* Breaking out of a base on base pattern of around 8 months
* Held up incredibly well as the general market and the financial sector were taking a beating
Technicals:
Sector: Financial - Insurance - Property & Casualty
Relative Strength vs. Sector: 1.15
Relative Strength vs. SP500: 1.16
U/D Ratio: 0.95
Base Depth: 22.15%
Distance from breakout buy point: 0.44%
Volume 9.09% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base and is still very close to its 50 day line.
* If you're looking for a better entry you can look for one around $136.75
* This stock usually has local tops when the price closes around 15.82% above its 50 EMA
* Consider selling into strength if the price closes 15.62% to 16.02% (or higher) above the 50 EMA...
* The last closing price is 5.02% away from its 50 EMA
50ma
Is $PBH ready to go higher?Notes:
* Strong up trend
* Health care sector showing strength
* Breaking historical all-time-highs of $57.9 with a very bullish week
* Recently bounced from the 200 Day line and the 10 week line with very bullish price-action
Technicals:
Sector: Healthcare - Medical Distribution
Relative Strength vs. Sector: 3.34
Relative Strength vs. SP500: 1.82
U/D Ratio: 1.35
Base Depth: 22.61%
Distance from breakout buy point: -6.66%
Volume 12.47% above its 15 day avg.
Trade Idea:
* Better trade entry would've been on Thursday but you can still enter now as the price is still close to its 50 day line
* If you're looking for a better entry you can get in around $59, it's been serving as a pivot point
* Manage risk under 57.9
EURCAD Intraday BUY Set-UpWelcome back! Here's an analysis of this pair!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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MRK - Lower Volatility PeriodMRK has seen strong bullish movement in the past, right now it is in recovery phases of its last bearish move
This can be compared to an earlier phase in price development (in rectangle boxes)
Once this recovery is completed strong bullish movement should ensue, pushing price above the trend line in white
50MA is in white
AUDCAD Headed to the UPSIDEWelcome back! Here's an analysis of this pair!
**AUDCAD- Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Still inside a falling wedge on the monthly.I’m not saying this pattern will validate or even that it will reach its full target. However, it is currently in play so I felt the need to post it here. We just recently got a lower low on the weekly chart which could easily confirm the bear market especially if we follow that up with an uptrend that ends with a lower high before it reverses back to the downtrend. We can see the monthly 50 daily moving average (in orange) is waiting just under this falling wedge and is currently hovering around the 20k zone. Seeing a fakeout breakdown from this wedge down to test the monthly 50 ma which is also close to where the weekly 200ma (not shown here) currently is. If one of the 2 or both of the MAs were able to hold support then we saw a bounce back up and a break upward from the wedge, it would definitely increase the odds of us finding away to grab a higher high. Would need to see price action come down to that 14-21k zone to be comfortable thinking the bottom is in. If we break ward without visiting there first then the odds of the breakout resulting in a lower high will then be much higher. *not financial advice*
NOT THE BEST TIME TO HOLD BTC PT.2 Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts?
Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle of May. Are you ready? As I said earlier it's not the best time to hold btc and other crypto as well. Maybe this time would be different? Maybe, but I would not ignore such thing.
Here is what happend after the death cross in 2014 - 55% decline
And this is 2018. Quite noticable corrections right?
Are we going to get another -50% dicount? Summer is going to be hot 😈
AUDJPY Intraday Short Analysis Welcome back! Here's a potential buy scalp opportunity for KiSS 2.0 Strategy or whatever entry criteria you use.
***AUDJPY - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Possible double topA possible double top that may lead to a bearish reversal sending the EUR down. Around 75% of the time double tops lead to bearish movements and about 83% of the time they break the neckline. Usually strong bullish moves leading to the second peak force a strong downward movement. Looking at the 4hr chart the trend is moving down with the 20 moving average crossing below the 50 moving average.
Not so good !!If bulls hold the 350 level then I don't think this scenario will occur however if they don't then:
Potencial scenario
Because of weekly rejection of the 50MA + confirmation of a hammer candle, I expect the market to dump to the next support, the 100MA, and trend line at ~325. It will hold the support and go back to the 350 level however bears reload and plunges the market to ~300 creating a bull trap. Even though bears are in full control, bulls try another attack however they get rejected on the neckline of the H&S, confirming the pattern. And finally, the bears suck the last droplet of bulls' blood and the market goes down to the 200MA
Thank you for reading - This is technical standpoint - It is a potential scenario which means it will or won't happen, don't take it too seriously, too early to get confirmation - feel free to comment if questions
$ADA bull breakout with cup & handle formation 📈$ADA had a long term downtrend of -70% towards bottoming since Sept 21 2021. The cross of resistance is major on the 2d chart alongside with a breakthrough of a 50d moving average. Last time we seen this ma cross was in August 2021 where it led to a +121% gain on Cardano. This cup and handle forming on a smaller time frame on the 12h chart shows strength and momentum towards a recovery rally. Next targets are shown in the chart.
BTC: READY TO TEST $45K!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USDT update. BTC looks good in LTF. In my previous BTC update, I told you that $40.5k is an important support level and so far BTC holding that support and bounced.
Now let's get to the chart.
BTC is breaking out from a descending channel in 2hr time frame. It also made a bull flag-like structure inside the descending channel where the bull flag is already broken out.
So far BTC looks strong and I'm expecting it to reach $45k-$46k resistance soon.
Invalidation level:- If BTC again breaks and closes below $40.5k then this chart becomes invalid.
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Thank You!
$0.50 ??????? XRPUSDT possible short move before the 14/01/22Hi everyone
Daily"
XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC
Also I see the formation of a Head and shoulders that has sent the price down to the next local support level.
XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could see another drop down to the $0.50 support or lower like many believe is the case. 'I believe we could see a $0.50 xrp but no further than before the 14'
ALWAYS look for extra confirmation on any trade,
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
SOLUSDT Long to retest 50Ma Hi everyone
Daily"
Rebound up from trend line.
Stoch RSI crossed up on over sold area. Strong sign of having had reached bottom daily looking to come back up and retest 50Ma. Possible price target $190 if gone over this resistance we can see a long move all the way to $240 if bulls keep on our side.
ALWAYS look for extra confirmation on any trade, Anything like a bullish or bearish candles such as the one we can see here "Grave stone Doji' for this small short.
Happy trading people!
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
ADAUSDT Break + Retest 50Ma SHORT PHi everyone
Daily"
Going short ADAUSDT
RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA
ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji'
Possible drop to $1 If bears stay strong, then look for rebound up to retest $1.50 Area " I would personally hold on any long positions until we ether confirm a new strong new trend or buy at $1.5 area"
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
BTC possible decrease Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds from the 50 day moving average it should pass all time highs of $67,544 to possibly see $100,000 by mid January.






















