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ETP-4

There is a probability for resuming of the uptrend in ETPETHTechnical analysis: . ETP/ETHEREUM is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . While the RSI and the price uptrend in the Daily chart are not broken, bullish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0141240 to 0.0126770). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0141240) Ending of entry zone (0.0126770) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0167070 TP2= @ 0.0181620 TP3= @ 0.0199670 TP4= Free
ELong
by ForecastCity
There is a probability for resuming of the uptrend in ETPETHTechnical analysis: . ETP/ETHEREUM is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . While the RSI and the price uptrend in the Daily chart are not broken, bullish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0141240 to 0.0126770). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0141240) Ending of entry zone (0.0126770) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0167070 TP2= @ 0.0181620 TP3= @ 0.0199670 TP4= Free
ELong
by ForecastCity
ETP PartyFollowing a heavy move to the upside signaled by a RSI divergence in may time, ETP/BTC has failed to make higher highs for the last few days while the RSI strength is weakening. It could appear a change of trend is upon us. I have cloned the previous downside and laid it over the proposed temporary top of market swing here and it looks relatively aesthetically pleasing. short entry box drawn up with a tight stop incase of upside breakout but with bitcoins weakness i feel this is an unlikely scenario. looking at .00013500 for a close target leaving some on to capitalize from further downside to a possible .00008000 Basil
EShort
by Basil13
2
Metaverse (ETP) x20 Growth PotentialDuring the past month, Metaverse has been one of the best performers against the USD as well as BTC.  Throughout entire month of July price was rising consistently and from $0.46 low it has already reached $2.24 high, resulting in almost 400% gain against the USD. ETP currently looks even stronger, after it broke the 23.6% Fibs resistance at $1.82. After the breakout price corrected down and found the support at the previous Fib resistance level, after which produced a new high. Higher high and higher lows pattern along with the break above the resistance indicates on a strong uptrend which is likely to continue. Based on previous analysis on multiple cryptocurrencies, price usually increases by 10 or 20 times, which is regular in the strong bull market. It is possible that ETP/USD bull market has already started, that could bring price up to the $20 or even $25 area. This would result in a growth of at least 20 times from the recent low at $0.46, which is enormous potential that can be achieved in a relatively short time-frame.
ELong
by CryptoPAMM
9
Metaverse 100% Growth Potential - Short TermMetaverse found the bottom at $0.46 after which strong growth has started. On the 17th of July ETP/USD has reached $2.2 high, which was 377$ growth in less than a month. But while the high was reached, ETP  has rejected the 88.6% Fibonacci retracement level, and price corrected down to $1.8 support area. At this stage, for the uptrend to continue, price has to break above the $2.2 level. When/if that occurs, Metaverse should continue rising towards 61.8% Fibs, which is a $4 - strong psychological resistance. On a downside, as long as daily close stays below $2.2 resistance a correctional wave down can be expected. The confirmation could be a break below the $1.66 level, which could result in a decline towards $0.9-1 area.
ELong
by CryptoPAMM
Metaverse (ETP) Rejected the ResistanceMetaverse found the bottom on the 24th of June, where it hit $0.46 low. Then price went up sharply, breaking above the 50 Moving Average and th descending channel. Nevertheless, ETP/USD has reached 23.6% Fibonacci retracement level at $1.73, that has been rejected cleanly. This might suggest a corrective move down or even a downtrend continuation. At this stage buying opportunity would present it self upon the break and close above the $1.73 level. In this case Metaverse would confirm further uptrend and could continue rising towards one of the Fibonacci retracement levels. As has been mention, the correction down remains likely, and if the resistance holds, ETP/USD might decline towards the 50 Moving Average or even down to $0.46 support. But only break and close that support would invalidate bullish outlook.
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by CryptoPAMM
7
taking a good guess, i guessetp will be going up, for several reasons, i believe. on this 3h chart, etpusd tested many times the trendline. furthermore, it seems that the 200 moving average is also a good indicator where the price is moving. another good thing to point out, is the volume. or better, the lack there of. there wasn´t any selloff volume so far, which makes me strongly believe we are still moving up. if this pattern confirms, we will see a nice bullflag towards 3.9usd - 4.2usd.
ELong
by UnknownUnicorn1308099
2
ETP Revisited - next target 69KSat, 4.7$Zoom back into daily mode, I tried to find the Elliot trends and decided to move the end of wave 3 to the new high. It seems to make more sense to me more than ending wave 5 and making a new Elliot waves. In ETPBTC pair, the support is strong around 35KSat which hasn't been touched but kept at higher support at 39KSat. This should be a good buy zone if it will ever reach there again. In ETPUSD pair, the support is strong around 2.62$ That should create a buy zone from 2.2$ for USD pair. To predicting the next target using the previous high since November 2017, ETP should reach as high as 57KSat+ to 69KSat which should complete the whole Elliot wave cycle. For USD pair, the gap is somewhat narrower at 4.4$ to 4.7$ ETP may reach target sooner if BTC go sideways at 7K range, which seems to be the summer time for other altcoins as well. Trader is advised to check ETPUSDLONG which is insanely high, if the long is still maintained at this so high ratio to ETPUSDSHORT, the target is so certain. But we all know the risk is high too. The positive thought is that only a few whales have been behind this high since 0.5$ so that the chain liquidation is unlikely in case of market crash. Many people feel uncomfortable using TA in crypto, IMO.. it helps trader to decide where to place an order for maximum benefit. TA is not the holy grail. But we all need to have something to hold even crypto is gambling. Making a blind order and hoping for price to rise is not wise. And afterall, a bit of juice to keep our brain running is better than nothing. This is not an investment advice but pure pleasure to me to be part of this journey.
ELong
by vorapoap
1
ETPUSD fundamental analysis: a Star Catcher!BITFINEX:ETPUSD Dear friends, Today, I’d like to analyze fundamental factors for a relatively young project Metaverse. Until recently, this project was almost invisible in the market and didn’t stand out from other spam coins, which are at the bottom, below the 30th position by their market cap. I paid my attention to the coin for a very simple reason. Its price has been steadily going up over a month already, and it is not going to stop, at first sight. It is especially clear if you compare Bitcoin and Metaverse trends in the same chart According to the data in the chart above, Metaverse altcoin is growing 3.5 times faster than Bitcoin. If you judge by absolute values, ETP price has been 500% up since early June. In the chart above, you see ETP grow from 0.5 USD up to 3 USD. Besides, it is important that the trend is steady. It means strong buyers and continuously increasing demand for the coin. That is, it is not about any pump with a long upward tail, as you usually see in the charts of low-liquidity tokens. What are the reasons for such demand and what, in fact, the coin is? I’ll try to analyze in more detail. If you visit Metaverse website, you won’t find anything prominent or exciting or catchy. A usual landing with beautiful ideas about seeking to change the future and make a small revolution on the scale of the Universe. I suppose, it is because its dullness, hardly anybody paid their attention to the token. If read the information, each second ICO promises a revolution and every one promises to make your life better and easier. However, I think you should consider what Metaverse team is presenting. Simply put, those guys decided to include in the blockchain as many functions as possible: • smart contracts; • decentralized applications; • own tokens and crypto assets; • digital identification and signature; • cryptocurrency exchange. And, the most important, at very high speed and almost for free. Looks really appealing! Doesn’t it? Now, let’s see what is behind of this miracle’s face. I failed to find the whitepaper from the first try. They for some reason placed it not on the official mvs.org website, but on a separate domain newmetaverse.org; besides the whitepaper is not single, there are two of them Of course, I’m not going to retell them here, but I’ll note some factors that can fundamentally affect the rate. According to the whitepaper , there will be issued 100,000,000 ETP in total. Just 100 million! In addition, this cake is divided in a very interesting way (see the chart above). • 30 million ETP is for POW mining, which now is available with common graphics cards; • 20 million ETP is for rewards of ETP deposits; • 25 million ETP is for initial holdings of ETP development team; • 25 million ETP is for ICO investors. These facts are the most interesting for me, from a fundamental point of view. According to Coinmarcetcap , the total circulating amount is 48 598 571 ETP, and total supply is 56 133 917 ETP. Therefore, 43 866 083 ETP is left to be issued. It the funds, suggested form mining rewards and rewards of deposits. So, I have no reasons to worry that the tokens will dumped into the market all at once. If you take the freely traded coins out of the total issued amount, you will get the remainder worth 7 535 346 ETP. I can suppose that this amount is held on Metaverse deposits by the project investors themselves and can be used in the market economy in the near future. In here you see the reward system of deposits. The interest rate here is calculated according to the number of blocks you freeze the funds on your wallet. Considering the average Metaverse network capacity is about 2600 blocks per day, then, if you chose the deposit at the highest rate with and freeze it for 1314000 blocks, you’ll get you funds back and 20% as a reward in 505 days, or a little more than a year and a half. I won’t tell you about the risks of this investment, you know them yourselves, but, I’m sure this offer will definitely find its buyer, and so, a substantial part of the tokens, which are now being traded, can be withdrawn from the market and frozen for a rather long period of time. This system is obviously suggested to create ETP deficit in the market, and so, to systematically drive the coin rate up. According to the flaws, resulted from fundamental analysis, Metaverse is 100% founded by Chinese. China features high local risks and strong influence of the regulator. China’s officials are rather friendly to various HYIPs and Ponzi schemes. Although the suggested project doesn’t seem to be of that kind, it still has some features of it, the most prominent of which is similarity to banking that is to be licensed and strictly controlled by the regulator. I failed in trying to analyze Metaverse team in terms of corresponding competences; as the names of the founders and the developers don’t provide any information about their careers or a reference to the resource, able to prove it, I don’t think there are any correct competences. Another thing, I don’t like is that there hasn’t been any information on GitHub since early August, taking into account the Metaverse team’s ambitions plans and great objectives on the official website. If you apply technical analysis, you’ll get the following: In the monthly chart, volume profile indicator marks the trading channel’s borders. For now, the ticker is close to the top border at 3 USD, therefore, according to all laws of trading, to enter a long you need to wait until the ETP price either break the channel border from below and consolidates at the level above it, or it rolls down to the bottom border. I mean, it is not the best moment to buy right now, taking into account the short-term targets. Summary: To sum up, I can say that this ETP can be quite promising for a long-term investor. Metaverse is gradually turning from a project on paper to a really operating business. The working model has already been developed with user-friendly software and an ability to create your own digital identification and a cryptocurrency asset; there is also a developed wallet for PC and mobile gadgets. This altcoin can really double its price in the short-term momentum due to a limit number of traded coins and a growing hype. But if you take decision, based on technical analysis, you’ll need a strong rollback to enter a trade. In 12H ETP price chart above, there is a series of bearish divergences and the slowing down of the trend. The token can well roll down back to 2 USD, and next, to 1.3 USD, and so, if you want to invest in ETP already know be extremely careful and figure out your risks very well. That is my ETPUSD fundamental analysis Good luck and good profits! Best regards, Mikhail @Hyipov ________________________________________ PS. If you agree with the forecast write “+” in the comments, if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post with your friends. It is easy for you and I will be very pleased :) Stay informed on the latest cryptocurrency news, follow my posts in the blog.
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by Hypov
12
ETP 50% Scalp ?Yoooo, So my baby EPTUSD is still pushing, and reached the key level of 3USD. Buyers need to take some rest, and we are approaching the top of the ascending channel. Let me be clear, I'm really bullish about it, and think it will go to at least 4USD anyway. Still I think we have a good opportunity to maximize profits here. IMO we can expect a retrace either to 2.8USD (previous resistance), or to the bottom of the channel. DYOR, trade at your own risk, and good luck boys
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by Le_Halimou
28