ETSY is a leading online marketplace for unique, handmade, and vintage products. The company has a strong brand identity and a loyal customer base, which gives it a competitive advantage in the e-commerce industry.The market for unique and handmade products is growing rapidly as consumers increasingly value individuality and sustainability. Etsy is well-positioned to benefit from this trend as it offers a wide range of unique and eco-friendly products. Additionally, Etsy can expand into new product categories, such as home decor and apparel, to increase its market share.
ETSY has made multiple bounces from the $167 support level and looking to capture an upside move. Note
ETSY continues to move above the 200 SMA which is a good sign for further bullish momentumNote
ETSY has been a tease and continues to bounce off the major resistance at $67. Continue to be bullish for the upside
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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.