$BAH is breaking out of a ~21 month long base! Can it go higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Broke out of a ~21 month long base
* Higher than average weekly volume and coming off from its 10 week line
* Also breaking out of a smaller consolidation of ~12 weeks
* Gaped up a couple of days ago and is now coiling
* Broke historical resistance around the $97 area
Technicals:
Sector: Industrials - Consulting Services
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 2.07
U/D Ratio: 1.37
Base Depth: 7.78%
Distance from breakout buy point: 0.23%
Volume 55.27% above its 15 day avg.
Trade Idea:
* Now's a great time to buy since the price is just breaking out and is close to the break point
* If you're looking for a better entry you may look for one around the ~97.85 area as that should hold as support
Buysetup
EURUSD BACK ON THE RISE 1.0000?The EUR has seemed to fail at making another Lower Low after pushing down hard off of a Daily Supply zone, also the EUR has been having good momentum and bullish pressure from the lower TF H4 Counter zone which seems to reverse price if it holds. The DXY is now looking bearish with the H4 50Ma now above the price it leads me to believe the dollar is losing its momentum and in turn, will make EURUSD rise.
Entry Criteria/Confluences
1. D failed at making Lower Low off of strong bearish Supply momentum
2. Price has broken the H4 structure to the Upside twice now
(1st time was the zone it respected, highlighted blue)
(2nd time just happened with ALOT of momentum and the entry is at retest)
3. DXY is falling and turning bearish
4. Entry is right at Psych Mid Level 0.97500 (SL 50 pips)( TP 250 pips)
Trade Management
1. At 0.99000 I will move SL to BE and take 50% of profits, hopefully, the price can fly up to 1.20000 for 450 pips
2. If my limit hits to protect my psych I will reassure myself of all my confluences and be ready to let the trade play out.
3. I will set the Scale in positions only at H4 BOS/POI for the highest probability
EURUSD long trade update BUY taken!Just thought id update as its happening, hoping to see price push up and make an early move to the upside. If price breaks this minor support it could possibly give another area to look at another position so dont stress and never feel like your to late to place a trade the market will provide opportunity's all the time.
$ENSG poised to go higher from here?Notes:
* Very strong up trend on the weekly/monthly charts
* Great earnings for the past few years
* Basing for the past 19 months
* Creating a cup and handle
* Trying to break out of the handle
* Strong resistance around the $85.4 area
Technicals:
Ticker: $ENSG
Sector: Healthcare - Medical Care Facilities
Relative Strength vs. Sector: 28.52
Relative Strength vs. SP500: 11.74
U/D Ratio: 1.15
Base Depth: 36.29%
Distance from breakout buy point: -9.18%
Volume 16.02% above its 15 day avg.
Trade idea:
* Not jumping into this just yet.
* Waiting to see if it can stay above the $85.4 area and hold it as support.
Bitcoin Cash is good for long? SignalBitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.
As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.
Bitcoin Cash (BCH) is an alternative to the oldest and most traded cryptocurrency - Bitcoin (BTC), only the BCH network is much faster and cheaper. In 2017, BCH developers modified the BTC code, releasing their own version of the software and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin / Bitcoin Cash, and consecutively, two assets - BTC / BCH. Bitcoin Cash is a clear result of a hard fork in blockchain. Moreover, another hard fork, which divided Bitcoin Cash into two parts: Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.
There are several distinctive features that separate BCH from the origin. The main one remains about the block size. Blocks in the BCH blockchain can be larger, which means that more transactions can be processed at a time, so that the additional space helps to avoid higher fees. However, since the potential block size is larger, storage & audit become more costly and users may find it troublesome to download a copy of the blockchain.
From the technical perspective, Bitcoin Cash is very similar to the Bitcoin algorithm, namely: both projects have a hard cap of 21 million coins, and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions. Thus, traders can consider BCH as a hedging tool, investing in which may save them some risk.
On the plus side, due to the larger block size, Bitcoin Cash (BCH) works faster and has lower transaction fees, which makes BCH a better option for small everyday transactions. Furthermore, Bitcoin Cash supports smart contracts and ecosystem apps like CashShuffle, a coin mixing protocol, and CashFusion, a privacy-enhancing solution for the Bitcoin Cash network. These technologies have their pros and cons: thanks to CashFusion, it becomes extremely difficult to trace the path to the user's assets, however one should bear in mind that commissions are charged for each mixing, so making frequent mixed transactions may have a cost.
Bitcoin Cash provides a platform for Peer-to-Peer (P2P) payments between individuals, with the average transfer fee being as low as $0.01, and the settlement is instant. This means that Bitcoin Cash is suitable for money transfers, international trade, everyday transactions and microtransactions. In addition, Bitcoin Cash supports economic freedoms by providing an alternative form of money, protected against confiscation, any other forms of censorship and devaluation (due to inflation).
Bitcoin Cash is a decentralized network where users influence the development of the protocol. One key attribute is fixed in the code: the maximum supply of BCH is capped at 21 million coins, which is likely to remain so.
Therefore, the key features of Bitcoin Cash include the following:
1- Transactions are recorded on the blockchain, the ledger is updated at regular intervals, which allows users to track the history of ownership and eliminate fraud threats promptly.
2- Bitcoin Cash is an open network that can be used by anyone for free and uncensored, identities are not attached to transactions.
3- Nodes that follow a set of rules (aka protocol) are responsible for the longevity of stored information. The protocol itself can be upgraded with the help of ecosystem participants, but that requires a high degree of consensus among them.
4- All transactions that have ever been recorded on the blockchain are not subject to change.
5- The Proof-of-Work (PoW) mechanism contributes to network security.
6- Bitcoin Cash is a hard asset with the maximum supply of 21 million $BCH.
7- Bitcoin Cash guarantees its users fast, affordable, and most importantly - reliable transactions without being tied to any location, which makes it a worthy replacement for existing payment networks.
Buy setup
Entry : 95 - 114.5
SL : 81.4
TP1: 118
TP2: 122
TP3: 127
TP4: 133
TP5: 140
TP6: 147
TP7: 155
TP8: 164
TP9: 174
TP10: 185
TP11: 200
TP12: 220
TP13: 250
TP14: 280
TP15: 320
TP16: 370
TP17: 435
TP18: 530
Spot and Future (1x, 2x, and 3x)
Run and enjoy it!
Follow me! Copy my trade! BingX
TradeSetup_Reza
ZRX, can touch that profit levels?0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
To learn more about this project, check out our deep dive of 0x.
0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.
The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.
In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.
Buy setup
Entry : 0.22 - 0.27
SL : 0.189
TP1: 0.278
TP2: 0.288
TP3: 0.3
TP4: 0.315
TP5: 0.335
TP6: 0.36
TP7: 0.39
TP8: 0.43
TP9: 0.47
TP10: 0.51
TP11: 0.56
TP12: 0.62
TP13: 0.7
TP14: 0.8
TP15: 0.9
TP16: 1
TP17: 1.12
Spot or Future (1x, 2x, and 3x)
Run and enjoy it!
Follow me! Copy my trade! BingX
TradeSetup_Reza
USDCHF Potential Buying Opportunity!In this week's trading session we will be monitoring USDCHF for a Buying opportunity in and around 0.96 orderblock zone. Once we get a bullish confirmation the trade will be executed and shared with our premium subscribers!
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DXY : Long Setup towards 107.90 and 113I think we did Minor 2 of pending Intermediate wave (5) and towards minor 3 at 107.9. This is the extension of Primary C from 2012 bottom. I see the cycle top at 113 in time frame of FY '17 to Q2 '18.
Refer to my previous DXY chart as linked. I will keep updating on lower TF.
Happy Trading
Note: Trade your own plan. This chart is for reference purpose not the trade call.
RIVN - LONG SWING TRADE IDEARIVN could be a potential long trade for a few reasons:
First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support
On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange)
In support of the trade, RIVN has been stronger than the market during this recent move lower and it setting up to bounce with the market
Additionally, the 2:1 reward to risk is quite reasonable and could be exceeded if RIVN makes a strong move and breaks out of the double top at 41
A trailing stop loss is recommended as this is still a bear market and RIVN does have the double top as resistance. I would expect some price action around 37 as well due to retracement levels and previous areas of minor support/resistance