Bullish, but waiting for entryDOT appears to have formed a symmetrical triangle with BTC. The most recent 4-hour bullish divergence would've been the ideal place to enter a long, but now that we are retesting daily moving average resistance, I'm on the sidelines until I see another obvious entry. For long-term investors, we are still at an accumulation level so if you're looking for DOT exposure, this could be a good place to start averaging in.
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I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
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Buyzone
ITW finally ready to move higher?Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time.
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 2.61 in the Industrial sector
* Breaking out of a ~9 month base with higher than average volume
* Tried to break out a couple of times before but failed due to market conditions at the time
* Now breaking out again with higher than average volume
* The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well.
Trade Idea:
* Now's a great time to enter as the price is just breaking out and is close to the broken level
* If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
MMC looking to make new highs!Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher.
* Excellent earnings
* Very strong up trend
* Very high 3-mont relative strength of 6.87 in the Financial sector
* Breaking out of a ~2 month base with higher than average volume
* We can see that it tried to break above earlier but came back down due to the market volatility
* It's also showing healthy signs for a continuation on the weekly chart
Trade Idea:
* If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level.
* Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
My Neighbor Alice (ALICE) Buy ZoneMy Neighbor Alice (ALICE) Buy Zone
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BIAS
Mid-Term : Bullish
RISK : Medium
My Neighbor Alice broke out of triangle and looking for a short term support retest before an upside continuation. 67% profit potential
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$ALICE/USDT SPOT SETUP
Entry Price : 12.56 - 13.5
Short-Term
TP 1 : 14
TP 2 : 14.7
TP 3 : 15.25
TP 4 : 15.8
Mid-Term
TP 5 : 17.15
TP 6 : 18.75
TP 7 : 21
TP 8 : 22.6
Stop Loss : 10.9
*Stop Loss - ALICE daily close below 10.9
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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UNB - 10x ~ 100x Potential it can be among the top 150 in the less than 1 year.
As long as UNB is cheaper than $0.1, it's a good opportunity to invest
Consider that many big names like Sandeep Nailwal (from Polygon) have supported this project
Dears, ofc I just introduced it (#DYOR)
Unbound Finance Whitepaper
Unbound Finance Website
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IOTA is clearly in a flag pattern 🚀When IOTA touches the purple trend line, it will most likely have a correction and then can try to break its downtrend
Other details are specified in the chart
IOTA is undervalued!
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BNS breaking out of a cup and handle!* Great earnings
* Strong up trend
* High 3-month relative strength of 3.06 in the Financial sector
* Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average
* Base of the cup is ~21 week with the handle lasting about 4 weeks
* Also created a double bottom during the base
Trade Idea:
* Given the setup, now would be a great time to enter as the price is still very close to the broken resistance.
* If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area.
Caution:
* A daily close below $66.48 would negate the idea.
PAYX showing signs of continuing higher!* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area.
* Since then it has moved higher and began to consolidate forming a base on base pattern.
* It recently had a pullback to the previous base resistance and used it as support to bounce back.
* And it also held up very well during the general market correction.
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Tech sector
* Breaking out of a base on base pattern with higher than average volume (52.25% higher than the 15 day average)
Trade Idea:
* The price just broke out of a base on base pattern and is still close to the broken resistance.
* Currently offering a great risk/reward ratio
* You can enter as indicated
* If you're looking to find a slight discount you can look for an entry around the $125 area as that should hold up as short term support.
Caution:
* A daily close below $123.55 would negate this idea.
XRP long-term BUY areaNot something I usually cover but would like to share my opinion on XRP. Based off technical analysis and human psychology I'm looking at a very nice buy area.. I Believe in the growth of the crypto space and the technology behind it, I don't believe in huge predictions with the crypto in particular this one of $50 + but do expect to see price pump again breaking new highs possibly over $5, but I'm very open minded so let me know your thoughts! We have already seen price make a small reaction to this area so Ill be holding some long term buys from this area we are currently in. Remember though anything can happen this is still very new which can be good and bad but this is just my opinion.
SSNC is one to keep an eye on!* Excellent earnings and accelerating
* Very strong up trend since inception
* High 3-month relative strength in the Tech sector
* Breaking out of a ~5 month base creating a cup and handle pattern
* Depth of the cup is ~15.5%
* Breaking out with higher than 15 day average volume
Trade Idea:
* Given the current market conditions you can open a small position with a hard stop.
* Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area
* If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
AXS - Do not miss itIf AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140)
Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance
Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider these points (before buying)
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WM is one to keep an eye on!* Great earnings
* Very strong up trend
* High 3-month relative strength of 2.55 in the Industrial sector
* Pays out dividends
* Has been in a tight range of ~3.94% for the past 5 to 6 weeks
* Held up incredibly well during this time of market uncertainty
Trade Idea:
* There are a few plays you can do here since the 4% stop is quite a distance away:
1) Enter now if you can stomach a little volatility
2) You can look for a buying opportunity once it has broken and closed above $166.23
3) You can wait for a discounted entry near the $164.22 area
4) You can wait for a bounce from the $161.24 area.
Any thing below $161.24 would negate this idea.
ITW looking to reach new hights?* Amazing earnings year-over-year
* Very strong up trend
* High 3-month relative strength of 4.05 in the Industrial sector
* Pays out dividends
* Breaking out of a ~9 month base with slightly higher than average volume
* I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area
* It has since regained the lost ground and is making new highs again
Trade Idea:
* If you can stomach a little volatility, now's a great time to enter as the price is just breaking above previous highs.
* It's offering a great risk/reward ratio
* If you're looking for a discount you can do a couple of things
1) You can look for an entry near the $243.47 area as it should serve as support moving forward
2) You can wait a bit more and look for a buying opportunity near the $239.46 area since it would be a stronger level of support and can expect a bounce from there.
Note:
* When looking for buying opportunities at the lower levels you want to wait for a bounce from the mentioned levels before entering.
NSA breaking out of a flat base!* Good earnings
* Very Strong up trend
* High 3-month relative strength in the Real Estate sector
* Breaking out of a flat base of roughly 6 weeks with higher than average volume
* Pays out dividends quite generously since it's a REIT
Trade Idea:
* Now's a great time to enter as the price is just breaking out and is very close to the broken resistance.
* The REITs sector is also doing pretty well at the moment
* If you're looking for a discount you can look for a buying opportunity near the $62.50 to $63.30 area
Caution:
* A daily close below $62.50 would negate the idea
DHI looking to make new all time highs?* Great earnings
* Very strong up trend
* High 3-month relative strength in the Consumer Cyclical sector
* Breaking out of a ~9 month base with higher than average volume
* Showed incredible strength over the past couple of months while the market was facing uncertain times.
* Max probable ROI is 28.57%
Trade Idea:
* If you can tolerate some volatility, now's a great time to enter.
* Looking at the weekly chart, it does seem a bit extended, so, if you're looking for a discount you can look for a buying opportunity near the $104.19 area.
BRO breakig out and creating new all time highs.* Great earnings
* Very strong up trend
* High 3-month relative strength in the Financial sector of 6.25
* Breaking out of a 2 month base with higher than average volume
* Held up very nicely during the recent market conditions
Trade Idea:
* Now's a great time to enter as the markets are showing signs of recovery
* Still close to the broken level and adding to the volume
* If you're looking for a discount you can look for buying opportunities near the $67.13 as that should serve as support moving forward
Caution:
* If the stock makes 3 consecutive lower lows on a daily basis you might want to consider exiting early.
EXP looking to reach for new highs?* Good earnings
* Very strong uptrend since the 2020 crash
* High 3-month relative strength in the Basic Materials sector
* Breaking out of a ~9 month base with higher than average volume
* Created a double bottom during the ~9 month consolidation
* Second half of the double bottom can be considered a cup and handle pattern as well
* Currently consolidating right above the broken resistance; creating a new support
* Maximum probable ROI is ~21.97% if the trade goes in our favor
Trade Idea:
* If you're looking for a trade during these market conditions you should be ready to face volatility and trades going against you.
* That being said, if you are looking to enter, now's a great time to enter this stock as it's consolidating just above the broken resistance and is offering a great risk/return ratio
* If you're looking for a discount you have a few options
1) You can look for an entry at the resistance turned support level of $159.90
2) If it breaks and closes below that, you can look for an entry around the $158 area as that should serve as short term support
3) If it breaks and closes below $158, you can look for an entry near the $155.50 area as that should serve as a stronger support level.
Caution:
* Again, the current market conditions are uncertain and if you are going in, trade with caution.
* A daily close below $155.50 would negate the idea.
LUNA - Good opportunity (Maybe $77)LUNA is currently at the bottom of its uptrend channel
There is a high risk of entering buy/long trades at the moment, but given SL's close proximity to the price, good Risk/Reward and positive divergence this is a good buy opportunity.
The rest are specified in the chart
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Filecoin can pump up to 200% 🚀FIL is in an important area and the interesting thing is that the RSI indicator shows over sold. This reduces the chance of it falling out of this range (however beware of BTC)
Even given the volatile conditions of Bitcoin, I think now is a good time to get in (at least in small amounts).
In case of bitcoin crash after buying here, I personally will not panic and will wait for the next support to buy more! Because this is a strong project with a clear roadmap and real products.
One Tip:
As far as I can remember, Filecoin has a correlation with BitTorrent! Each time after the BTT pump, FIL is also pumped
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Whale HuntersThe areas marked are the zones whales hunt within ... they seek liquidity in these zones and don't like remaining within them for very long ! While they appear in likeness to FVG , they are fairly different . These zones act like walls , on either side lay lots of buy and sell orders which remain in place.
These zones are where whales buy/sell and if you identify these zones they can help you add confluence to your TA without getting harmed in the way of a whale fight. Look to these zones for a reaction and that will provide you with a good idea of where PA will go . The price either strongly rejects or flies through these zones so you must ensure you watch market structure.
Along with confluence for entry , these zones may also be a good point to seek profit. Price likes to sit between these zones so if you would like to swing trade , these zones are the preferable place to take profit !
As these zones continue to grow or shrink i will update this chart - you do not want to ignore these opportunities !
-Oz