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ETPUSD

ETP trend continuation Wut ? Doc says it's a sleeping giant ;) ETPUSD is bullish and did an instant correction few days ago (or a pump and dump... ? :p ) Anyway, trend is continuing, and it's moving in an upward channel. It's heading to key resistance levels (2.8 and 3USD). We can see that MA90 provides a very strong support. If it holds for some days, we could see a strong up move. BUY : Around 2.5 support, or on MA90 level SELL : Resistance line 2.8 and 3 STOP : MA90 breakdown Cheers cryptoshaggerz ! **NOT TRADING ADVICE** Manage your risks properly, and always trade with money you can afford to lose totally
ELong
by Le_Halimou
6
ETP bull flag 10% + 20% oversold bounce explosionHey guys, hope you're doing well! :) ETP is one of the strongest candidates right now on Bitfinex. We're looking at a perfect example of a bull flag break, + a 20% RSI oversold bounce. I'm specifically showing to you, how much percent gains each RSI 15-min oversold bounce would've given you. If you had some value from my analysis, please like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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by Edgy_
4
ETP extremely strong!Hey guys, after a few requests I've finally looked at this gem: wow, what a move from the lows! We have come 350% and are still very strong, even in the consolidation. We have broken the 1.6 together with Bitcoin on Tuesday, and from that break even made another 40% to the upside, up to the Highs at 2.2 If we look in the bigger picture, we can clearly see that $2-$2.5 was an important previous support zone. => We're not going to go through like butter in this region. Our 4H Higher lows are at 1.78, even if we lose those, the bulls have nothing to fear up around Daily EMAs 12 & 26, which come in at around 1.7 & 1.4 respectively. It's still looking very bullish on the Hourly & 4H: if we break the current bull flag to the upside, we can clearly reach the previous Highs again. I wish you a great weekend still! ;) If you do not want to miss my Daily Crypto Analyses updates, please like & follow me! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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by Edgy_
ETP still bullish - target 5$+ Technical Analysis ETP is pumping since 26th of June from 0.5$. Following Elliot Waves theory, we are currently at the beginning of the third wave (subwave one completed, we are in the sub correction phase). We can also see that there is a clear ascending broadening channel (purple lines). Breakout has been first rejected with completion of subwave 1 of the third wave. the next subwave should break out this pattern. Then, the top line of this channel, which acted as a resistance, could act as a support. It is also important to note that this pump is also linked to the fact that there is a shortage of ETP in fundings. Then it's hard to find ETP for shorters. This is the reason why many of them have been liquidated, not being able to ladder their shorts. The lending rates are also crazy high, currently being 0.7% / day. There are also about 8 times more longs opened than shorts. Third wave could stop at around 3.2$. This is both a 1.618 Fib extension of the first wave and a resistance when you look at historic chart (peak of end of January) considering all those points, it's clear that this pump has still steam and than price is likely to come back at 4-5-6$, depending on the strength of the fifth wave, before dued correction. Then, ETP will continue to rise considering its value versus its price (20-25$ needed to reach 1 billion market cap, there is plenty of room for growth). Fundamental Analysis ETP is one of the coins that has suffered the most on the market. It is a quality coin and the team and project are solid. It mostly suffered because of China ban and communications mistakes in December about new exchanges. That's why it did not benefit from altcoins bull run and plummeted first half of 2018. However, this price drop has nothing to do with the project intrinsic value. Metaverse purpose (extract from white paper): "Metaverse is a blockchain project that provides a foundational infrastructure for social and enterprise needs. Our goal is to construct a universe where digital assets (Metaverse Smart Token, or MST) and digital identities (Avatar) build the basis for asset transactions with the help of a value intermediary (Oracle), thus establishing a new blockchain ecosystem that will transform human society Unlike other blockchain projects that use technology as an entry point, Metaverse started from an enterprise value creation perspective, with the relationships between people, people and assets as the core foundations of our project. We describe this relationship through the use of BISC (Built-in-Smart-Contract), which can reduce the technical risks of commercial applications during development and usage." Metaverse team has delivered on time supernova hardfork in June, implementing digital identity. Metaverse has also signed several partnerships. The most promising one being ParcelX. It is interesting to note that all the ICOs wanting to be part of the elite program will have to lock 10% of the risen funds in ETP for 3 years. This will contribute to reduce even more the circulating supply (in additions with holders who decided to freeze their coins), leading to high pressure on price to rise. Links some readings about ETP to understand its potential: Metaverse White paper: newmetaverse.org Metaverse roadmap: medium.com Supernova release and digital identity: Partnerships (elite program): 82club.com
ELong
by sunk_manitu
1
ETP Just getting started! But needs some rest.hello everyone, I hope you have a great day. ETPUSD had a great bull run past couple of weeks and gain 300% on this bloody market. that's huge!! I don't think it continues its downtrend but needs a good rest before next move up. we can see a divergence in RSI and a decrease in volume in the last move up. on top of that ETPUSD now moves in rising wedge that's a bearish pattern. I personally short at 1.6 with a stop loss at 1.75. this setup has a great r/r so go for it. you can also put a buy stop above the previous pivot high but I think this scenario is very unlikely to happen but we can consider that. If you like this idea please leave a like and follow me for further ideas. Feel free to comment we will respond to you asap
EShort
by TwelveAngryMen
3
ETPUSD is in a very strong bullish trendHello guys, looking for something of interesting to trade during these extremely boring trading days I came across this token appearing quite intersting. Due to the small volatility of these days is necessary to narrow time frame: in this cases I generally use a 2 hours time frame, not too long and not too short. From this chart we can see ETPUSD in a good bullish trend:at the moment prices are consoliding above the resistance between 0.93 USD and 0.94 USD (R1). This consolidation is usefull to relieve the indicators to prepare a possible bullish spike. Volume are quite good if compared to historical data reguarding this crypto and in respect to the actual market. If prices are able to remain near or just above this resistance, favoring a "recharge" of indicators, we can see in next days a possible new run to resistance area between 1.15/1.18 USD (R2) and then to 1.30 USD (R3). If ETP would changing trend can come back to 0.85 USD (S1), where passes the 200 MA calculated on 15 minutes time frame, and then to 0.73 USD (S2) where we find an important supportive area. To summarize: if prices remain steadily above area R1: 0.93/0.94 USD ----> R2: 1.15/1.18 USD ----> R3: 1.30 USD If prices falls S1: 0.85 USD ----> S2: 0.73 USD ***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
ELong
by BlackSwan_DAR
ETPBTC - Interesting set-up, but highly speculative assetNot 100% sure what I think of Metaverse ETP. As a technology, it seems to have solid fundamentals and team, but it lacks in communication. Furthermore, they are not listed on many exchanges which I find weird. Nevertheless, the chart set-up is interesting and we should probably be keeping an eye out for a breakout of the pennant. I did open a position on this. My stop losses are below the pennant support and I have not worked out the targets yet as this can possibly be a long term hold at this price. Let's reevaluate down the road.
ELong
by VWuelfrath