UnknownUnicorn3931771

UnknownUnicorn3931771

XRPUSD is consolidating after the Jan 18 high and broke this month's channel up sideways. Levels to watch: - January's uptrend stopped exactly on the lower high trend line of the medium term channel down that started in August. - That lower high was right below the MA200 on the 1D chart. The MA200 has sold the price and acted as a resistance on several...

UnknownUnicorn3931771

This is a break down analysis of Gold (XAUUSD) ahead of Wednesday's (January 29th) Fed Interest Rate Decision. Fundamental Analysis: - Starting this part of the research we need to make clear that the current price is heavily pushed upwards due to the global worries on the Coronavirus outbreak. Gold has the use of a Safe Haven and when geopolitical tensions...

UnknownUnicorn3931771

USDJPY is on a 5 day decline following the most recent top at 110.300. Levels to watch: - The long term pattern is a channel up that started mid September/ early October. - That pattern has two support levels: the first one is the yellow line with 4 bounces (if we count the current one as a bounce) and the second is the higher low trend line of the pattern...

UnknownUnicorn3931771

LINKUSD is on a pull back following the uptrend early in January. Levels to watch: - 3.2200 is the resistance and 1.6000 the support. - With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance). - The MACD is turning...

UnknownUnicorn3931771

USDCAD is on an uptrend since forming a support at 1.29500. Levels to watch: - The rebound on the support has formed a channel up similar to another two occasions. - The price just hit the MA50 and is consolidating. - The long term pattern is a bearish megaphone. - The bearish megaphone's lower highs are made when the price crosses the MA200. This is a top...

UnknownUnicorn3931771

XTZUSD has been one of the better performing crypto coins in recent months but at the moment is on a lower high on the 1D chart and is something to be mindful of. Levels to watch: - The 1.8800 Resistance which has been holding since May 2019 and where just recently (December) the price made a double top at. - The Golden Cross that took place in December. - The...

UnknownUnicorn3931771

DASHUSD is pulling back on the 1D chart after crossing above the MA200. Levels to watch: - This pattern is called "Bullish Flag" when the dominant move is an uptrend. Buyers take profits temporarily and re-buy a little lower. - A similar pattern took place last April/May. The parameters are similar. Break above the MA200, then pull back towards the same MA...

UnknownUnicorn3931771

ADAUSD has completed 1 full week of sideways action. Here is the reasons why. Levels to watch: - The 0.0465 - 0.0490 Resistance Zone. The peak of the current uptrend was exactly in the middle of that zone. - The MA200. This is what initiated the sideways trading of the past week. Very likely that traders see it as a profit taking level. - The 0.0395 level is...

UnknownUnicorn3931771

This is a break down analysis of the GBPUSD ahead of next Thursday's (January 30th) Bank of England (Boe) Interest Rate Decision. Fundamental Analysis: - Starting with today, the U.K. Manufacturing PMI jumped to 49.8 in January (9-month high), while the Services PMI rose to 52.9 (16-month high). Both did little to keep the pair near the two-week high as...

UnknownUnicorn3931771

The price rebounded on the 1.10370 Support. Since the pattern is a Channel Down (clear Lower Highs and Lower Lows) today's low is most likely the Lower Low of the structure. Levels to watch: - The 4H MA50 has been a Resistance since January 17. - The RSI hit 29.85 which has been a Support since November 11. - The 4h MA200 has been a pivot in recent months...

UnknownUnicorn3931771

Ethereum Classic has made an impressive run after bouncing on its Support, beating most of the other cryptocurrencies. Eventually it got rejected on the Resistance Levels to watch: - The 9.860 Resistance. Only the wick of the January 16 candle managed to break it but didn't close above it (still rejected on the higher Resistance). All candles have closed below...

UnknownUnicorn3931771

Are you confused with Bitcoin's recent volatility? Don't be. The price is exactly where it is supposed to be based on the previous market cycle. Checkpoints and similarities with 2015/2016: - Price bounced on the MA150 after its market top. - Trading on the 0.5 Fibonacci retracement level. - Emerging Golden Cross between MA100 and MA150. Differences: - The...

UnknownUnicorn3931771

ETHUSD is following BTC's lead and after it broke its monthly downtrend and 159.00 Resistance, is now consolidating. Levels to watch: - The former Resistance is now the Support (156.50) and is a symmetrical one, all the way back to April. - Similarly 188.85 is the symmetrical Resistance level. Those two create a high volatility zone. - The hard technical...

UnknownUnicorn3931771 Updated 

Hello traders! Welcome to PrimeXBT’s latest trade idea, focusing on EURAUD’s price action. Combine China’s numbers with stronger Markit Services and Composite PMIs from many European countries and with the EU as a whole, and we get a strong case for a move higher in EURAUD. EUR/AUD bears will look to short near 1.625 with stops above the key resistance...

UnknownUnicorn3931771 Updated 

PrimeXBT has investigated the markets and found some relevant data about BTC/USD that we would like to share with you. Fundamental Analysis: Bitcoin is the most mentioned search term relating to innovative value transfer systems, data from social media for the topics of “payments” and “fintech” reveals. BTC received 957 mentions in December, as the digital...

UnknownUnicorn3931771 Updated 

PrimeXBT would like to call your attention to a special analysis overview of EUR/USD . Fundamental Analysis: Last week’s US jobs report triggered some selling pressure on the greenback, subsequently leading a trading range in the US dollar index (DXY) to form. Yesterday, DXY broke lower from the range, signaling more short-term weakness. The U.S. dollar is...

UnknownUnicorn3931771 Updated 

PrimeXBT has investigated the markets and found some relevant data about LTC/USD that we would like to share with you. Litecoin bulls could push the digital asset towards the upper boundary of the small ascending channel, with a breakthrough the resistance line of the falling wedge being a historically bullish reversal formation. Also, the price hit its main...

UnknownUnicorn3931771 Updated 

PrimeXBT will now be offering a technical and fundamental analysis overview of Ripple (XRP) . Fundamental Analysis and News: Ripple's potential status as security has been a subject of debate for years. XRP token has a strong connection to the fintech company Ripple, who has long been arguing that the XRP token is merely an open-source technology and that...