Short

ETP. Is`t correction now?

Updated

First target 1.54$. then two scenarios are possible.
1) Test $ 2 and drop to $ 1.12. From there, the beginning of a new strong growth.
2) at 1.54 the correction ends and the growth begins to 2.7 on the fibo levels and to 2.8-3 $ in liquid zones.
There is a scenario of continuing uncorrected growth, but it is unlikely. The volumes have become less than those of the previous growth.

Note

the price did not go to the bottom line of the trend channel (1.55), but formed a consolidation. At the moment, the probability of breaking the triangle is higher. Sellers are weak. Zone 1.82-1.84 failed to break through. Buyers are more aggressive and the impression is that they gradually buy up the sellers.

Note

monster...

Note

ETP has reached the target and is now being corrected. I expect it for $ 2.2.

Note

As I wrote in the previous post, the price has reached $ 2.2. Buyers firmly hold this level. If buyers keep this mirror level - the net will continue its growth. Otherwise, we will have a lingering correction.

Note

When the BTC fell, the ETP was very well kept. Buyers kept the mirror level (2.2-2.3$) and the ETP is ready again for growth. But the angle of customer attacks has changed, a wedge has been formed, which often breaks down. Followed by trendlines wedge lines. Currently, the local target is $ 2.9.

Note

ETP moves to the target.

Note

consolidation 30%

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