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ETPUSD

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.
E
by Hypov
12
$ETP #Metaverse healthy rises over the bear market (Easy 3x 5x)$ETP shines after SuperNova hard fork. Low cap coin + Great tech/team + Very under-valued TA looks like $ETP is rising in the channel or it may also form giant cup handle or giant inverse H&S The fundamental is great, if you want to make good long term investment. Digital Asset + the first Blockchain with Digital Identity (Avatar) + Superb Lightwallet Several real businesses are going to run on Metaverse like ParcelX, LeBlock, Luxchain, etc,, ( 82club.com ) ETPBTC is also just listed on Coinsuper, one of top and fastest growing exchange in HK. I also heard that Coinsuper will also utilize Metaverse's Digital Identity While Eric Gu (CEO) is delivering more and more real business partnerships and connections. Chen Hao (CTO), the top genius Blockchain dev in China and his team have already delivered everything up to their road map and timeline so far. And the new Metaverse Marketing team has been doing so great! So what are coming next?. Digital Identity 2.0 Oracle On-change Exchange Smart Contract There updates also include "cross-chain asset transaction service between Ethereum and ETP" Metaverse clearly focus on helping Blockchain adoption for real business. FOMO will definitely kick in once the project is known by greater audience. Short-to-medium term gain is imminent while long term benefit is definite. medium.com medium.com docs.mvs.org medium.com
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by vorapoap
6