[ETP] Short term short, long term long! Cup and handle formationETP just hit the resistance line of the channel and is about to form the handle part of the cup and handle formation.
ETPBTC
ETP Metaverse, little known Chinese blockchain BULL pick 3 of 5Highest reward/risk ratio of any digital asset available. This project was launched by a Chinese company, Viewfin.com, but operates independently through the Metaverse Foundation.
CEO Eric Gu who is was a co-founder of NEO is branding Metaverse as the Chinese substitute for Ethereum, and has extensive experience working in the blockchain space on projects like Mastercoin (Omni) and Bitshares.
Currently at its lowest market capitalization (and price) since formation and down ~90% from Its January high. It remains a hugely undervalued currency.
ETPBTC - are we there yet?ETPBTC was in a decreasing channel over the last months, more like a decreasing wedge triangle. However in the last days it seems it has exit this decreasing trend. We have also a small hidden bullish divergence that could bring the price up. Let's keep an eye on it over the next days.
Enjoy!
Metaverse ETP vs Bitcoin - Downside Target ReachedSince 5th of January, after reaching btc 0.00042 high, Metaverse has been going down, slowly but steadily. ETP/BTC broke below the uptrend trendline and the 200 Moving Average simultaneously.
Fibonacci applied to the trendline breakout point shows that today Metaverse has finally reached the downside target at btc 0.00013 while forming the bullish divergence on the RSI oscillator at the same time.
This could be in fact the very bottom of the Metaverse which could result in a beginning of a long-term uptrend. However for this to happen the support must be respected and the downtrend trendline must be broken.
ETP - falling wedge ( potencial 30% profit )ETP/BTC forming falling wedge pattern.
All in place:
-it's reversal pattern ( recent bearish trend )
- falling volume
Always wait for confirmation.
ETPBTC Metaverse. Bull Run.I see nice bullrun on Metaverse in upcoming days. Bull indicator is above 0 line and that green day candle means a lot for this coin.
Expect more bullish candles, as this coin was on dip too long. I put resistance lines for midterm timeframe. Good Luck !
Metaverse ETPPosition trading
The first key to successful swing trading is picking the right stocks. The best candidates are large-cap stocks that are among the most actively traded stocks on the major exchanges. In an active market, these stocks will swing between broadly defined, high and low extremes, and the swing trader will turn the wave in one direction for a couple of days or weeks only to switch to the opposite side of the trade.
We have been at the bottom for a long time. this is a good entry point.
ETPBTCVery technical coin
When it will brake nearest resistance line - can go to the moon from resistance to resistance
Now we have local uptrend and just crossed old downtrend line
Additional confirmation is triangle pattern between green and yellow trend lines
Metaverse ETP/BTCI see a bright. future. for the ETP within few daydays after Metaverse and CPChain Collaborate On R&D and Promotion of Blockchain Architecture.
RSI BOTTOM FOR ETPBuy : 2.5$- 2.8$
SL : PATIENCE If you are not in margin , if margin : 1.95$
RELATIVE TP : 5.2$- 6.3$
HARD TP : 8.3$ -10$
HAPPY TRADING!
ETP Bottom of Price RangeBottom of it's price range, stoch RSI starting to show indicators that it's ready to move up. good entry.
Metaverse VS Bitcoin Reversal ProbabilityMetaverse found the bottom at BTC 0.00010 and started to move higher breaking above 200 Moving Average reaching BTC 0.00042 while gaining over 300% in just two weeks. Price corrected back and found the support at BTC 0.00027, where the previou high was established on the 20th of December.
At the same time, ETP/BTC is at the bottom of the ascending channel which could provide a good buying opportunity for a short to medium term. While BTC 0.00020 psychological support is holding it is likely that Metaverse will continue rising and will test BTC 0.00050 in the coming days or weeks. Break above it should pus the price higher and could establish a longer term uptrend.
Metaverse ETPBTC Weekly Breakout + New partnership Metaverse and Baofeng Bokocloud Announce Strategic Partnership!
medium.com
Baofeng Group Co Ltd is a publicly traded company on the Shenzhen Stock Market. (SHE:300431)
Lots of money from China pouring in, buy before it hits the $10 range.
Research for yourself (; but with the extremely low circulating supply this could see the $30-$50 range in 2018. #HODL your ETP & reap the rewards down the road.
mvs.org
coinmarketcap.com
ETP to USD hitbtc.com
ETP to BTC hitbtc.com
Harmonic Daily Chart breakout giving confirmation that this breakout is true.
ETP - Long opportunity based on trendreversalGood morning my dear friends!
I hope you are all doing well :)
This is a daily chart of ETP metaverse (tick: ETP). You can't find it on bittrex, but they have btc/etp pair at bitfinex.
Now let's get into the chart.
-ETP bottomed out and reversed. Assuming we are at the start of an uptrend, we will eventually go above 50EMA (white line). This gives us a good buy opportunity since we are below the 50EMA still.
-RSI supports upward movement.
- MACD should turn bullish rather soon.
Entry: ~up to 21
Targets: (fib levels)
- 34
- 48
- 60
- 70
- 88
- 105
- New all time high
Time frame: Higher targets may take 1-2 months to develop. This is a long term trade.
ETP Cyclical Long TradeETP looks to be starting a new market cycle. Let's look for another test of the max consolidation line (orange) where we will also find the uptrend line, and get involved from the bottom. We are looking for the market to swing back around to the 0.618 (MFR).
Cheers and GLWT!
-Erik
Potential Head and Shoulders on ETPAs some have already noticed there seems to be a head & shoulders pattern forming on the 4h chart. Preparing to sell at right shoulder. Stop orders for these short trades should be placed at 0.00092-0.00094 level.
