Cup and handle pattern on PrimePrime has been solidating in a range for over a month now and looks to be set to break out of Cup and handle pattern that is forming. Lets see how it goes.
PRIMEEUSD trade ideas
PRIME Break Out TimePrime looks poised to break out. Wedge formation, on strong support, bull market, and one of the few that hasn't broke out yet. Good Chance to get in before it gets going
PRIME - Bearish IdeaEchelon Prime is a gaming coin. I expect it to continue it's bearish trend that started back in Mar '24.
Breaking $5.9 confirms dropping to the range $4.0 : $2.0 which shall hold and form a major bottom for Prime.
Passing $12.5 cancels this bearish idea.
Why you should use VRVPQuick tip / one of my favorite indicators -
VRVP basically measures historic order book volume - helps you identify/reinforce significant support/resistance levels, helps set orders, especially limit buys, because you know where it's likely to catch support (at the edges of these historic high volume ranges). Also helps you prepare for fast moves up or down when it breaks through the edges of those ranges.
happy trades
CD
PRIME in weekly chart Hello
There are a vast majority of symbols and so many opportunities in this market, but we should be careful about them because some of them won't be able to bear the next competitions for collecting sufficient liquidity for their survival. It means those fake projects and scams are not
our only problems and we should know that in the next rally we will see an incredible amount of unprofessional people participating in this market that are reliant on visual findings or emotional recommendations.
What I am trying to say is that in the next rally we will see big groups of investors who are not predictable unless we consider EW principle in our analysis because it works with MAS PSYCHOLOGY.
This is why EW works better in every market gathered bigger groups of amateur participants such as Stock and Crypto markets.
For this symbol, Prime, every thing is obvious and there only 2 scenarios:
1. Rally from here
2. More correction and then rally
It means that we are in a correction and whatever happens the next rally is going to start very soon.
Thanks
PRIMEUSD - Strong Trend Line TestStrong trend line in green on this 4Hr chart for PRIME
If price hodls this green line and moves above the red dotted line upsides should be expected
If it moves below the green and white line the trend line has broken and another structure will take form.
Trend Line Analysis
$PRIME 26% Pump to 19c very likely after this steep falling wedSET:PRIME 26% Pump to 19c very likely after this steep falling wedge,
Wedge has already been broken and retesting in next, Best Entry & Great TIming
Echelon Prime possible entryim waiting for these bullish crosseovers on these indicators to happen soon .. if they do ill jump in a long when i see them both confirm. ( 12hr and daily ) Prime seems to recover nicely
$PRIME Gaming TokenLooks like Parallel's eco token COINBASE:PRIMEUSD could make a move to $14 from here.
Prime - GameFi - crypto gaming tokensTargets :
Target 1: $10.36
Target 2: $12.76
Target 3: $18.91
About Echelon Prime
PRIME is the native token of the Echelon Prime Foundation, a Web3 ecosystem advancing the next generation of gaming. Echelon creates and distributes tools to encourage innovation in, and promote the growth of, novel gaming models and economies. The first game to adopt and utilize PRIME is Parallel, a sci-fi trading card game
Prime up or downI think it needs to find some buyers or some news to propel it back over 3$ , but technically speaking volume is trending out sellers are drying out , and it's way oversold on multiple time frames so time for it to have a bounce from here how much of a bounce depends on how much interest it generates , NFA DYOR
