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Profitliotrading

ABNB is on a major support, we might see a reversal soon!!Market Instrument: ABNB Timeframe: D1 Analysis: Technical Structure: Support and Trend Line Prediction: Bullish ABNB is on major support where we have seen a couple of strong bullish reversals formed. At the moment I have picked up a channel on the bearish trend formed and if we can find a good bullish reversal and a breakout on the trend line ( upper boundary ) created, then we might see a good bull ride to the upside close or above $175
NASDAQ:ABNBLong
by Profitlio_Trading
2
AAPL is moving above the upper boundary formedMarket Instrument: AAPL Timeframe: D1 Analysis: Technical Structure: Bearish Triangle Prediction: Bullish With my previous update, I was expecting the AAPL prices to follow a bearish trend after breaking the key level highlighted. But the price showed up a strong reversal on the key level where it has broken through the upper boundary of the triangle formed. If this bullish pressure remains strong enough we will see further growth in price for AAPL.
NASDAQ:AAPLLong
by Profitlio_Trading
XAUUSD will drop further to find a strong support 1785 then 1765Market Instrument: XAUUSD Timeframe: H4 Analysis: Technical Structure: Support and Trend line Breakout Prediction: Bearish We have seen a strong bearish follow in gold prices recently where the picked up trend line on H4 has now breached with a strong move to the downside. Here I believe the next strong support is holding close to the 1760 area. If the bearish pressure remains stronger we will see a further drop following 1785 then 1765 accordingly.
OANDA:XAUUSDShort
by Profitlio_Trading
Ethereum will find the support at $1700 nowMarket Instrument: ETHUSDT Timeframe: Daily Analysis: Technical Structure: Support and Trend line Breakout Prediction: Bearish With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.
Short
by Profitlio_Trading
Nasdaq will bounce off one last time here on this support formedMarket Instrument: US100 Timeframe: Daily Analysis: Technical Structure: Channel Breakout, Support, and Pullback Prediction: Bullish The price of US100 has reached the first support we were looking at on the chart. Where I believe we might see one last time pull back to the upside and to find the resistance formed on close to 15700k. Following the price action recently printed it seems price is willing to respect this area for a while as support and this can be very helpful for a reversal and a pull back to form on the following bearish trend.
ULong
by Profitlio_Trading
2
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