AUDUSD 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.
CHFJPY is on a strong bullish trend playing inside a channel which is about to look for a possible retracement to the downside with a perfect breakout on the trend line/lower boundary formed. Here we expect a decent 38%-50% correction leg to be created to the downside.
ASPI 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.
ETH is being supported on the level found at 1580-1600 where we also found that the price is respecting the lower boundary of the channel formed looking for a buy back ahead towards the upper level to complete the impulse projected.
BTC 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 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 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.
The expanding triangle formed is a clear bullish factor waits for the price to confirm a breakout on the resistance formed. The hourly timeframe confirms a bullish breakout and here we expect a rally towards the most recent swing high formed close to $1.5.
GBPCAD created a rising wedge pattern which is also confirming a bearish breakout on the lower boundary formed under hourly timeframe. Here we see a possible downside shift ahead based on the breakout confirmation identified.
Identified a rising wedge pattern on the daily CAD/JPY chart, indicating a potential upcoming downward movement with a bearish breakout. I anticipate the emergence of a bearish trend, which could result in a downward movement of over 250 pips.
BNB 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.
AAVE is on a support after the breakout formed with the bearish flag created. Here we see the price is being supported on the highlighted zone which can possible create a bullish reversal. By any chance of a bearish breakout on this level may invalidate the trade setup.
Bitcoin 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...
CINS is following a growing channel for a longer period and we see a strong resistance formation on both daily and weekly timeframes. There we believe the price to show up a reversal towards the downside and also the price is respecting the upper boundary formed.
ZM confirms a bullish breakout on the trend line and also the triangle formed after being supported at the highlighted zone. Here we are expecting a continuation in the rally to the upside on both hourly and daily timeframes.
Very 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...
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