Currently AUD/CAD is offering a good risk/reward opportunity, and considering that the trend remains bearish, probability favors further decline.
The AUD seems to be getting very weak across the board.
This is still a downtrend, but a strong pullback up, towards the 88.6% Fibs is expected.
Price is bouncing off the resistance trendline and this is the reason for a potential fast drop down before the trend starts to reverse up.
Well, if there will be a correction, then I'll be waiting for it.
The ChainLink finally broke above the downtrend trendline, implying the continuation of the bullish momentum.
Currently, IOTA is right a the resistance, which might result in short-term selling pressure. But this pullback is likely to invite more buyers.
The triangle pattern has been broken, if the price will get back to the downtrend and the uptrend trendline support area, it might provide an interesting short-term opportunity.
EOS might be amongst the top gainers in the upcoming continuation of an uptrend.
The Bitcoin Cash long-term uptrend might continue from this point onwards. But we are looking only for one wave for the take profit target.
To achieve a better risk/reward ratio, entry is a little lower. But overall, if the buy signal will get triggered, it should be relatively fast growth.
UNI is expected to make an upside swing, along with most coins.
Based on my analysis the crypto market is changing the direction. Now long term bullish market is expected to continue and many coins as well as BZRX can reach a new all time high.
The next wave is expected to be heading north, towards the 127.2% Fibs. If this resistance will get penetrated, the upside potential will become much stronger.