Long
Long trade ETP (Metaverse)! High reward-riskratio! 50%+ Target!
In my opinion Metaverse is one of the most undervalued coins atm. I think it could easily become a top 20 coin by marketcap.
Fundamentals:
Why is it still so cheap?
Metaverse was hitted maybe the hardest by the Chinese FUD. In the time of the Chinese FUD came with his decision, there was almost no Western hype about it. So the price dropped from 5 dollar usd to 60 cents. After that it was added to bitfinex and recovered to 5 dollar again, but dropped again till now 3 dollar.
Some of the info I have from this article. It's really nice to read and explains really well some fundamentals of Metaverse. I recommend you to read it.
The trade:
We made a nice elliot wave pattern up and Elliot wave correction down to the 0.381 fibonacci level, where we took support at the 3 dollar price range.
- Our first target would be 4.50 usd, our second target 5.50 usd.
- Buy in at the range 3usd - 3.50usd. Stop-loss at 2.80 usd!
Btw. English isn't my first language. I'm sorry if my English isn't correct all the time.
Fundamentals:
- Metaverse takes the best features from Bitcoin , Ethereum and Bitshares and tries to combine them into something better.
- Additionally includes proof of identity and oracles. Those services are offered by tokens on the Ethereum platform and those tokens (Civic and Chainlink) trade higher than Metaverse itself.
- The CEO -1.05% has been a member of the community for a long time and is able to not only lead the company in the business department but also on the technical side
- Metaverse has a huge and very active team
- They have a very active comunity.
- In the near future it will support proof of stake. This will enable better energy management and the opportunity to stake your coins for interest (could be up to 20% for one year) which is an important criteria for a successful blockchain nowadays. Look at other stake coins like NEO, people will hold their coins more often, so they get dividend in the long term, this will increase the price.
- 3 November it's listed on HITBTC with gives Metaverse more tradingvolume.
Why is it still so cheap?
Metaverse was hitted maybe the hardest by the Chinese FUD. In the time of the Chinese FUD came with his decision, there was almost no Western hype about it. So the price dropped from 5 dollar usd to 60 cents. After that it was added to bitfinex and recovered to 5 dollar again, but dropped again till now 3 dollar.
Some of the info I have from this article. It's really nice to read and explains really well some fundamentals of Metaverse. I recommend you to read it.
The trade:
We made a nice elliot wave pattern up and Elliot wave correction down to the 0.381 fibonacci level, where we took support at the 3 dollar price range.
- Our first target would be 4.50 usd, our second target 5.50 usd.
- Buy in at the range 3usd - 3.50usd. Stop-loss at 2.80 usd!
Btw. English isn't my first language. I'm sorry if my English isn't correct all the time.
Note
Made 1 mistake in the fundamentals.Proof of stake is already working! You can lock your ETP for a period of time, to get some dividend.
Note
Just a little update. Nice triangle on the 5-min chart.I will buy from 3.20 usd!
Trade active
Trade is active! Good luck all!Note
Etp does have good support at the 5-min chart!Let's see if we can break the triangle and get a swing up!
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.
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.