Long
ETPBTC - Interesting set-up, but highly speculative asset
Not 100% sure what I think of Metaverse ETP.
As a technology, it seems to have solid fundamentals and team, but it lacks in communication. Furthermore, they are not listed on many exchanges which I find weird.
Nevertheless, the chart set-up is interesting and we should probably be keeping an eye out for a breakout of the pennant.
I did open a position on this. My stop losses are below the pennant support and I have not worked out the targets yet as this can possibly be a long term hold at this price.
Let's reevaluate down the road.
As a technology, it seems to have solid fundamentals and team, but it lacks in communication. Furthermore, they are not listed on many exchanges which I find weird.
Nevertheless, the chart set-up is interesting and we should probably be keeping an eye out for a breakout of the pennant.
I did open a position on this. My stop losses are below the pennant support and I have not worked out the targets yet as this can possibly be a long term hold at this price.
Let's reevaluate down the road.
Note
It handles well the BTC dump so far.Let's hope for a BTC recovery soon so we can evaluate the potential.
Trade closed: stop reached
Trade active
Reopened a longTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.