ETP - Long opportunity based on trendreversal
Updated
Good morning my dear friends!
I hope you are all doing well :)
This is a daily chart of ETP metaverse (tick: ETP). You can't find it on bittrex, but they have btc/etp pair at bitfinex.
Now let's get into the chart.
-ETP bottomed out and reversed. Assuming we are at the start of an uptrend, we will eventually go above 50EMA (white line). This gives us a good buy opportunity since we are below the 50EMA still.
-RSI supports upward movement.
- MACD should turn bullish rather soon.
Entry: ~up to 21
Targets: (fib levels)
- 34
- 48
- 60
- 70
- 88
- 105
- New all time high
Time frame: Higher targets may take 1-2 months to develop. This is a long term trade.
I hope you are all doing well :)
This is a daily chart of ETP metaverse (tick: ETP). You can't find it on bittrex, but they have btc/etp pair at bitfinex.
Now let's get into the chart.
-ETP bottomed out and reversed. Assuming we are at the start of an uptrend, we will eventually go above 50EMA (white line). This gives us a good buy opportunity since we are below the 50EMA still.
-RSI supports upward movement.
- MACD should turn bullish rather soon.
Entry: ~up to 21
Targets: (fib levels)
- 34
- 48
- 60
- 70
- 88
- 105
- New all time high
Time frame: Higher targets may take 1-2 months to develop. This is a long term trade.
Note
- Message:Thank you all for following me! I greatly appreciate it!
I want to emphasize again that you never lose if you lock in profit.
Basically all our trades were up a good amount before the btc rise (alt drop). That means those who were relentless in locking in profit was affected the least, because they are taking less risk.
Just something to think about, I wish you all the best.
Much love :)
Trade active
argets: (fib levels) - 34 (ALMOST THERE)
- 48
- 60
- 70
- 88
- 105
- New all time high
Trade active
- 34 (**REACHED) - 48 (Next target)
- 60
- 70
- 88
- 105
- New all time high
Trade active
Back in buy zone! I am now trading usd pair instead of btc because i still believe btc is in correction and i do not want to hold it. You can check my latest post on ETP for updates in the future. (Though it does not seem like many ppl are interested in ETP)
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