UnknownUnicorn3931771

UnknownUnicorn3931771 Updated 

Hi there! PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets. BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves. Currently, it’s hitting strong resistance that’s coming from the downward trend-line. The projected downwards phase will last until February of...

UnknownUnicorn3931771 Updated 

Hello everybody! It’s time again for another PrimeXBT trading idea, and today we will be taking a look at the EURUSD trading pair. Currently, EURUSD is stuck within a firm trading range between its previously established support and resistance levels. If its price is able to decisively break above the resistance zone and its H12 candle closes above this...

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Hello traders and investors! PrimeXBT is here again with another technical analysis overview, and today we are taking a look at EOSUSD. News/Fundamentals: The Republic of the Marshall Islands, which is home to around 50K people across 1,100 islands, is about to be the first country to launch a state-based crypto software. According to the white paper they...

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Welcome to PrimeXBT’s technical analysis of the Uber, the ride-sharing company that recently launched the largest IPO of the year. News and Fundamental Analysis: This year was a year filled with many high-value IPOs buzzing around the investment industry. The company’s revenue is expected to grow by over 60%, helping it top the list of IPOs with a substantial...

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Welcome to PrimeXBT ’s latest trade idea, focusing on the BTCUSD price chart and what may happen when the current market standoff breaks in one direction or the other. Fundamental Analysis / News: Mark Yusko, the CEO of Morgan Creek Capital explained why Bitcoin is better than gold and when the price of the asset could reach as high as $500,000. The expert...

UnknownUnicorn3931771 Updated 

Hello Traders ! PrimeXBT is here with another technical analysis overview and today we are taking a look at XRPUSD. If XRP breaks the support line seen in the chart, then I anticipate that its price will revisit its previous lows. This triangle formation signals that it could be poised for further gains if it breaks through the horizontal resistance line,...

UnknownUnicorn3931771 Updated 

Hey everyone! Today PrimeXBT will be offering another technical analysis overview of BTCUSD. Over the past week, Bitcoin’s price has remained range-bound, which means that another volatile move might be in the making. Bitcoin broke below the major support line seen on the chart. The price is now moving in a downward channel and will likely target its next...

UnknownUnicorn3931771

BTCUSD price has continued to range between $7812.1 down to $7117.0 for 17days without no valid breakout. with more and more rejection wicks, BTC price chart has gradually formed a symmetrical triangle chart pattern. A symmetrical triangle chart pattern is an undecided chart pattern that mainly focuses on any or the directional breakout. This means price could...

UnknownUnicorn3931771

Moving forward after we analyzed the inverted head and shoulder chart pattern on the 3rd of December 2019( ) Price has touched all targets to the upside and is currently facing a strong resistance level. On the daily time frame chart, the price chart of GBPUSD has been spotted forming a bearish reversal pattern called THE BEARISH DIVERGENCE. As a trader the...

UnknownUnicorn3931771

The Ascending triangle chart pattern on the 4hours time frame chart. The bulls are trying hard to hold price above $7k. The above mentioned chart pattern is a bullish reversal chart pattern. This above chart pattern will be valid only when the body of the candlestick closes above the horizontal resistance level. The ascending triangle chart pattern has a...

UnknownUnicorn3931771

The triangular flag stayed for 33days before the breakout to the upside and a retest of the flag. Price is showing a strong sign of going higher compared to its current level. On the daily time frame chart, the price of GBPCHF has been spotted forming a bullish pennant flag pattern which has broken out and looking to continue its move to the upside as price is yet...

UnknownUnicorn3931771

On the 4hours time frame chart, the price of GBPUSD has been spotted forming a bullish continuation chart pattern called THE HEAD and SHOULDERS BOTTOM CHART PATTERN. The chart above clearly shows that price has broken out from the neckline and is currently facing a resistance ahead. This will likely bring about a retest of the resistance, which will now turn to...

UnknownUnicorn3931771

Just at the last minutes, the double has been spotted on the 4hours time frame of EURUSD. The price is still looking to break through the horizontal resistance. The double bottom spotted here is called ADAM ans EVE, because it has a sharp curved bottom and a rounded bottom. Traders are advised to wait for a valid breakout from the horizontal resistance before...

UnknownUnicorn3931771

After last night analysis on AUDJPY(), the breakout from the ascending triangle chart pattern has taken place with a little retest of the previous resistance which has now turned to new support level(RESISTANCE WILL TURN TO SUPPORT AND SUPPORT WILL TURN TO RESISTANCE). Traders should always always remember to keep adjusting their stop loss so as to lock in profit....

UnknownUnicorn3931771

The triangular flag with the bearish price which moved down, clearly show a bearish chart pattern indicating a bearish continuation in price to the downside. On the daily time frame chart, the price of AUDCHF has been spotted forming a bearish continuation chart pattern which is yet to breakdown from its support level. The bearish pennant flag pattern is measured...

UnknownUnicorn3931771

One of the most traded pattern is the ascending triangle chart pattern. Trading with the horizontal levels has always been the best. On the 3 hours time frame, the price chart of AUDJPY has been spotted forming a bullish reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN. On part of this pattern which traders should keep an eye on is the HORIZONTAL...

UnknownUnicorn3931771

SPX500 has continued to move up since it broke out of the long ascending triangle chart pattern. The market close last week with a bearish candlestick pattern called THE HANGING MAN CANDLESTICK PATTERN. What is the HANGING MAN CANDLESTICK PATTERN? The hanging man is probably one of the better known candlestick patterns. The Hanging Man candlestick formation is...

UnknownUnicorn3931771

The chart above gives traders clear bearish presentation of what is about to happen. With its clearly shown up-sloping neckline, the price of XAGUSD ha moving to test the support(neckline). On the daily time frame chart, XAGUSD has been spotted forming a bearish reversal chart pattern called the HEAD and SHOULDERS TOP. The validity of the pattern comes to play...