ETPUSD
ETP is pumping again, and no one has noticed it!Hello dear crypto friends!
ETP, a major pump & dump candidate, is in the pumping phase again, and no one seems to care. I wouldn't have noticed it if I hadn't seen the huge above avg. volume on Bitfinex.
Have a look at the perfect Daily Ascending Triangle that broke out, giving solid 50% profit.
It is so funny, because during the last pump, it was exactly around this price range, when I had noticed ETP on Bitfinex. So if we take a look at the preciding price action, we could still see some action coming up, as we had doubled form 2 to 4 Dollars back then.
If we now zoom in the 4H chart, we can actually see another Ascending Triangle breakout, but have a look at the ugly wick of profit taking:
=> Conclusion guys: Very big caution here, as you can get faked out extremely fast because of low volume. If you ever wanna play this, you can only use a small position size (which obviously depends on account size, for me at least it's very dangerous).
So why am I posting it then? => Because we always have to look for great opportunity, for big movers, that's our job as traders. If a shitcoin pumps, I don't care as a trader, I look at the price action & try to take advantage of it. The same was just going on with BSV btw.
I will attach my ideas from last year to ETP.
Have a great day/evening global family! ;)
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Edgy is providing trading metrics & online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Resting on the weekend?ETPUSD rose above the 200MA on the 3h chart, the pattern is a reverse head and shoulders. If it plays out well, etp could go to 1.0 - 1.1 USD.
Will still take a while until the pattern is fully developed.
This is not a tradingadvice!
Good Luck.
Metaverse ETP ($ETP) - up to 541% PPT! Long term trade.$ETP is in a buy zone right now.
Coin has low supply and good community support.
Buy - green. Sell - red.
It's not a financial advice.
Trade carefully and good luck!
This ETP bounce cannot be trustedThis looks like a retest of resistance after breaking support. This could drop further if does not break back above resistance, roundabout $0.60 is a safe buy.
Metaverse ETP/USDMetaverse vs Neo
Which do you see has promising future?
The price can rise quite high 20-45-100 $
Chinese dark horse...
ETPBTC: Metaverse: High R/R. Bullish Divergence.ETP Metaverse shows accumulating the volume and long-term accumulating the positions.
Also, its simply to see how rsi indicator in the day chart disacord with trend price.
If BTC pump above 4000, ETP price in BTC will come rise after his november-december dump.
Quick Swing Trade ETPUSDH1 Trend was down, as indicated by the Lazy Trend System.
When we moved down to 15m timeframe, a short trade was identified at 1445pm when all indicators were aligned.
As usual, the recommended risk to reward ratio is 1 to 3 and the trade was closed at take profit.
Entry: 1.0498
Stop Loss: 1.0775
Take Profit: 0.9700
ETP short time has arrivedChart is very well self explanatory.
As always use proper stop loss and be safe.
ETP Remains BullishHello Traders,
Ive been looking at ETPUSD for a while now and this coin just seems to be doing its own thing. As you can see here...
its broken away from BTC and is on a bull run.
Looking at the 4hr we have regular bullish divergence, hidden bullish divergence and we see a bounce from support trend lines. Im going long on this divergence and have put some fib targets up.
Here is a closer look at that bullish divergence.
Divergence on the daily is also looking good. The bearish divergence has finished and the hidden bullish divergence has taken over.
Trade using your own risk management.
ETP weakening Rising wedge, declining volume, bearish divergence RSI
Small correction in need before continuing on way to test all time highs
Break to the upside of the wedge/return of bull volume would invalidate
For now aiming for touch of top of the wedge at least once then find support in dotted white line channel
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.
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.