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Profitlio

AMC Can drop further to find a strong supportMarket Instrument: AMC Timeframe: Daily Analysis: Technical Structure: Fibonacci and Key Level Prediction: Bearish The following key levels spotted have breached with strong bearish pressure and this seems the price is willing to go further below these price levels in the next few days. If the support highlighted from the yellow thick line doesn't become respected by the price then we will see another breakout to the downside from the 12.06 area.
NYSE:AMCShort
by Profitlio_Trading
Ethereum can reverse on this support. Buy the Dip!!Market Instrument: ETHUSDT Timeframe: Daily Analysis: Technical Structure: Trend line, Support, and Retracement Prediction: Bullish Ethereum is following the price action on bitcoin where Eth lost its ATH formed close to 5k. Here I have spotted a very important price level as it seems to be very promising if the price respects the expected accordingly. This trend line and support are now approached with the current price action while if we see any reversal signs inside the circled area we will see a good run to the upside as interpreted. The following is considered respectively reading the historical moves followed by Eth price against the dollar.
Long
by Profitlio_Trading
Bitcoin is Preparing for another Lift-Off!! Buy the Dip!! 🚀🚀Market Instrument: BTCUSD Timeframe: Daily, Weekly Analysis: Technical Structure: Support, 100MA, Channel, and Impulse Prediction: Bullish Here price plunged heavily on Bitcoin where the price now holds an important level of support on both Daily and Weekly charts. The price has completed the 5 impulses inside the channel formed on the daily chart where now it's on a level of support where we can see that supported good rally in this 38k area. Also when we look into the Weekly chart the price is approaching close to the 100MA and history shows us that price got supported for a massive liftoff on 100MA in March 2020. It was a complete 2 Years of Bull Run after the mentioned lift-off happened in this period close to 5K.
BITSTAMP:BTCUSDLong
by Profitlio_Trading
Will Gold remain stronger enough to breakthrough this level?Market Instrument: XAUUSD Timeframe: Daily Analysis: Technical Structure: Resistance with Ascending Triangle Prediction: Bullish 9 days ago with my previous analysis, I have predicted that the price is about to jump back on the trend line formed with the ascending triangle. Here the resistance is the key area that I am looking at the moment for a possible reflection to appear first in before moving in or finding a new opportunity with Gold. If the Buyers are respecting the supply zone in this area we will see a nice plunge in the coming days unless the bullish pressure remains stronger enough to break through this level to the upside and create a potential target close or above 1870.
OANDA:XAUUSDLong
by Profitlio_Trading
2
GBPUSD - LONG TRADE PLANMarket Instrument: GBPUSD Timeframe: D1 Analysis: Technical Structure: Key Level, Breakout and Descending Channel Prediction: Bullish From last week I was looking for this breakout to form on both the key level and the descending channel. So here we can identify the confirmation which the price has provided already. If this bullish sentiment remains stronger with the GU pair after this pull back a strong reversal and continuation in the bull ride may be seen. This expected bull ride can extent this bullish trend close to or above 1.3995
Long
by Profitlio_Trading
GBPAUD - SHORT TRADE PLANMarket Instrument: GBPAUD Timeframe: H4 Analysis: Technical Structure: Resistance, Fake Breakout, and Trend Line Prediction: Bearish The price has revisited the resistance once again after the recent decline in prices. Here this resistance remains very strong where a previous breakthrough on the resistance has already got faked out. The price is remaining under control below this level since August last year where I still believe here we see a double top and a pullback towards the trend line picked considering the bullish trend formed.
Short
by Profitlio_Trading
1
EURUSD - LONG TRADE PLAN Market Instrument: EURUSD Timeframe: H4 Analysis: Technical Structure: Trend Line Breakout and Ascending Triangle Prediction: Bullish So as expected last week the price has formed the required confirmation we were looking for on the EU pair. While we have the bullish breakout formed on both ascending triangle and the trend line we have picked up on the bearish trend. The price is now on a pullback close to the trend line where this is going to bring us a major rally close to 50-61% on the fib we have counted on the major bearish trend. If the expected reversal can be identified by the price action this is going to be a good mid-term opportunity on this pair.
Long
by Profitlio_Trading
AUDJPY - LONG TRADE PLANMarket Instrument: AUDJPY Timeframe: Daily Analysis: Technical Structure: Key level, Impulse, and Retracement Prediction: Bullish Price got pulled back after the breakout and a rally formed on the key level highlighted. The 4th impulse on this bullish trend is holding the 50% on fib retracement while the price has seated well on the key level we have spotted. If the future price action is willing to make a reversal with a good buying pressure will have a greater chance of seeing the price at 85 where the daily resistance has formed.
Long
by Profitlio_Trading
AUDCHF - LONG TRADE PLANMarket Instrument: AUDCHF Timeframe: D1 Analysis: Technical Structure: Support and Descending Channel Breakout Prediction: Bullish On the descending channel formed we can see that the price has gone on the breakout and now moving on a pullback towards the key support highlighted. If the price is willing to respect this level we may see a possible reversal with strong bullish momentum to the upside where I expect the price can revisit the 0.6917 area. Here we need to watch closely inside the circled area to spot any opportunities where we can look towards the expected target.
Long
by Profitlio_Trading
4
FILE LONG TRADE PLANMarket Instrument: FILE Timeframe: Daily Analysis: Technical Structure: Support Level and Falling Wedge Prediction: Bullish FILE has gone on a complete wipe-off on its gains since February 2021. And We are on a very important price level which created huge buying pressure to push the prices heavily to the upside. The buyer's interest in alts are fading away these days with the bearish conditions of Bitcoin and weakness in the stock market. I here spotted another important structure that shows a falling wedge, A breakout on this can give us a good sign for the bullish minds with FILUSDT. If we can confirm a possible reversal and a breakout to the upside on the structure we caught up, we have a great potential of revisiting the prices above $100 once again
Long
by Profitlio_Trading
1
TFUEL - LONG TRADE PLANMarket Instrument: TFUEL Timeframe: Daily Analysis: Technical Structure: Major Support and Trend line Prediction: Bullish TFUEL approached another important support that has formed on the chart. And this region we can see that a huge buying pressure has formed which supported a big wave to the upside. Considering the previous price action I have a decent expectation of repeating the history itself on the chart with the future price action. So if we see a clean breakout on the trend highlighted this can be a good sign for the rally expected.
Long
by Profitlio_Trading
1
US100 - SHORT TRADE PLANMarket Instrument: US100 Timeframe: Multiple Analysis: Technical Structure: Ascending Channel with Breakout Prediction: Bearish It's clear NASDAQ is playing inside a very strong channel where the bullish trend kept laddering up since 23rd March 2021. This channel formation has followed a nice 5 impulses inside the boundaries where we are now on the 6th expecting to create a bearish breakout for a correction on this major bull rally. For now, the price is being supported strongly on the key level highlighted. If this key level gets breached by a bearish breakout the price will get weaken further, or if the price remains strongly supported above the key level we may see a rally to the upside with a bounce. For now, I am bearish-biased on this setup and waiting for the confirmation of a breakout on the lower boundary and key level as mentioned earlier. If the price follows as expected we may see a strong plunge in price towards 14500-13000 key support levels...
UShort
by Profitlio_Trading
2
USOIL - SHORT TRADE PLANMarket Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Rising Wedge, Supply Zone Prediction: Bearish This rising wedge on USOIL is the key structure we should look at here. The USOIL has got reversed after the breakout on the rising wedge while it's heading back inside the supply zone where sellers appeared. So hereby considering the sales we have seen last year we can expect the same to repeat the same where it can possibly form a double tops formation. If the expected sell-off happens in the highlighted area this time I am expecting a complete flush towards or close to 50% on Fib level.
TVC:USOILShort
by Profitlio_Trading
XAUUSD - LONG TRADE PLANMarket Instrument: XAUUSD Timeframe: Daily Analysis: Technical Structure: Resistance with Ascending Triangle Prediction: Bullish Here in this price action for gold, the price is laddering up on this following bullish trend line formed. But the resistance which I have picked up here is killing the bulls several times from breaking above where it acts as a resistance on the chart. During the coming weeks if we managed to spot a bullish breakout on this key resistance we may see a quick rally in prices towards 1870-1915 highs formed previously. Any bearish price action which may break down through the trend line will invalidate the following structure.
OANDA:XAUUSDLong
by Profitlio_Trading
5
GBPUSD - LONG TRADE PLANMarket Instrument: GBPUSD Timeframe: Daily Analysis: Technical Structure: Channel Breakout and Key level Prediction: Bullish The channel formed on the daily timeframe for GBPUSD is very important to watch at this stage to spot an upper boundary breakout. Also, the key level formed on the chart for the following price action is acting as a resistance for the price by holding the bullish pressure. If the price manages to form a breakout on the following trend line and key level highlighted we may see a continued bullish wave to the upside following the target 1.40
Long
by Profitlio_Trading
2
EURUSD - LONG TRADE PLANMarket Instrument: EURUSD Timeframe: Daily Analysis: Technical Structure: Ascending Triangle and Trend Breakout Prediction: Bullish EURUSD has formed a beautiful ascending triangle below and the resistance formed on the following triangle pattern is killing the bullish pressure. Here we are required to confirm a breakout on the resistance formed and an additional breakout on the trend line will be bringing a huge wave up for the EU. A clear breakout can push the prices close or above 1.16
Long
by Profitlio_Trading
1
AUDUSD - LONG TRADE PLANMarket Instrument: AUDUSD Timeframe: Daily Analysis: Technical Structure: Channel and Support Prediction: Bullish AUDUSD is playing inside an important channel formed on the H4 and D1 timeframes. Based on the structure I have spotted very important key supports which can support the AUDUSD to grow up during the coming weeks. Here we can see AU got supported close to the minor support region which I have shown on the chart and we also have very important and strong support formed with an extended period of 6-7 months. By any chance of a bearish pressure if the price fails to hold up on the minor support we will see a continued price drop for AUDUSD towards the major support highlighted at 0.701. So here the most important level to watch is inside the circled area to spot a reversal or a bearish breakout on the minor support. Anything which is in favor of bulls over the minor support will push the price close or above 0.73
Long
by Profitlio_Trading
1
BITCOIN MAY CRUSH TOWARDS 30K SUPPORT WITH THIS HEAD & SHOULDERMarket Instrument: BTCUSD Timeframe: Multiple Analysis: Technical Structure: Head and Shoulder Prediction: Bearish Bitcoin has reversed after a fake higher high laddering towards 52k. As I mentioned earlier through my analysis price has got back towards 42k after failing to breach the 52k resistance. Here the chart shows a very strong and clear bearish setup with the potential of another price decline towards the 30K support where it may be foreseen after a breakout on the neckline of the picked-up structure.
Short
by Profitlio_Trading
3