Profitlio
ZRXUSDT EXPANDING TRIANGLE WITH STRONG SUPPORTZRX has got supported on a major buying level formed under hourly - daily timeframe. Here we have identified an expanding channel which is supporting the bullish expectations. Also the recent price of ZRX confirms a bullish breakout on the triangle pattern. With the pullback we believe price of ZRX is about to show a reversal by respecting the broken highs as a support.
NZDCAD HOURLY SUPPORT AND TREND BREAKOUTNZDCAD confirms a breakout on the bearish trend formed under hourly timeframe. Here we see a strong support created on the bottom which is also being supported back to the upside momentum. Expecting a decent bullish rally ahead which may retest the previous swing high formed.
ALGO TREND BREAKOUT AND DISTRIBUTION LEVELALGO has confirmed a bearish breakout on the trend line formed. Here we are required to confirm a breakout on the support which has been created with the distribution zone. Once the price confirms a breakout, we can expect a downside momentum which can be easily retest a level close to $0.093 or below
EURCHF STRONG HOURLY SUPPORTEURCHF has got supported on the hourly support highlighted. Here we see a trendline formed which is now requires a bullish breakout confirmation inorder to expect a continuation in the rally to the upside. This is an descending triangle formed which is supporting the bullish idea.
AUDUSD EXPANDING CHANNELAUDUSD has created a strong bearish channel on the hourly timeframe and which is an expanding channel in formation. Now we see the pair is being supported on the highlighted level where is shifted the price action to break above the trend line which is expected to show a reversal here.
ASPI LOOKING FOR BEARISH IMPULSE INSIDE THE CHANNELASPI is moving perfectly inside the channel formed where we see the recent price is being respected on the upper boundary formed. The reversal signals for a retracement back towards the lower boundary formed which is holding close to 50%-61% on the fibonacci retracements.
BITCOIN ACCUMULATION AND BREAKOUTBTC has created an accumulation zone and now we see a bullish breakout on the resistance formed. Expecting a rally towards the bearish trend formed on top level which is holding a level close to 27k. We have seen a strong buy back created on the 25k support which is signalling us a possible bullish rally ahead towards the expected target.
BLZ RISING WEDGE WITH A STRONG RESISTANCEBLZ formed a rising wedge with a strong resistance on top which is looking for a correction leg to form up on the current bullish trend formed. Here we expect a minimum retracement close to 38%-50% on the bullish trend formed. We should wait patiently for a better bearish confirmation here.
AUDCAD ON A DAILY SUPPORTAUDCAD is on a daily support where we see a possibility for a strong buy back again considering the historical price action. Here we have see this pair has formed a descending channel pattern which requires a bullish breakout confirmations to validate the bullish rally expected.
BNB CONSOLIDATION REQUIRES A BREAKOUT NOWBNB is on a consolidation for a while where we are required to confirm a breakout on the support and resistance levels to determine the future direction which BNB might take. Also we see fakeouts happened earlier which is not clearly indicating any of the possible direction yet on the chart.
BTC ACCUMULATION ZONEBitcoin is following an accumulation zone on both hourly and daily timeframe which is expected to show up a possible bullish breakout on the resistance formed. With the following expectation we see a strong support laid off on the bottom close to FWB:25K which is being supported for a bullish run ahead. We expect a target close to FWB:27K before a downfall with the breakout expected. Any breakout on the bottom will invalide the trade setup.
ASPI PERSPECTIVEVery clearly price of ASI respects the resistance formed and also the upper boundary created. Here we are expecting to see a correction leg to the downside inorder to accumulate more buying pressure in the market. This correction may retrace back close or below 50% (FIB) on the recent bullish trend formed.
We are looking over into a possible market correction towards the highlighted key support on the bottom. The following idea may be invalidated after a break above the resistance formed.