ETPUSD
ETP- Corrected to .618 Fib
- RSI oversold
- MACD potentially support upward movement
orange lines = resistance
red line = stop loss
Long trade ETP (Metaverse)! High reward-riskratio! 50%+ Target!In my opinion Metaverse is one of the most undervalued coins atm. I think it could easily become a top 20 coin by marketcap.
Fundamentals:
Metaverse takes the best features from Bitcoin , Ethereum and Bitshares and tries to combine them into something better.
Additionally includes proof of identity and oracles. Those services are offered by tokens on the Ethereum platform and those tokens (Civic and Chainlink) trade higher than Metaverse itself.
The CEO -1.05% has been a member of the community for a long time and is able to not only lead the company in the business department but also on the technical side
Metaverse has a huge and very active team
They have a very active comunity.
In the near future it will support proof of stake. This will enable better energy management and the opportunity to stake your coins for interest (could be up to 20% for one year) which is an important criteria for a successful blockchain nowadays. Look at other stake coins like NEO, people will hold their coins more often, so they get dividend in the long term, this will increase the price.
3 November it's listed on HITBTC with gives Metaverse more tradingvolume.
Why is it still so cheap?
Metaverse was hitted maybe the hardest by the Chinese FUD. In the time of the Chinese FUD came with his decision, there was almost no Western hype about it. So the price dropped from 5 dollar usd to 60 cents. After that it was added to bitfinex and recovered to 5 dollar again, but dropped again till now 3 dollar.
Some of the info I have from this article . It's really nice to read and explains really well some fundamentals of Metaverse. I recommend you to read it.
The trade:
We made a nice elliot wave pattern up and Elliot wave correction down to the 0.381 fibonacci level, where we took support at the 3 dollar price range.
- Our first target would be 4.50 usd, our second target 5.50 usd.
- Buy in at the range 3usd - 3.50usd. Stop-loss at 2.80 usd!
Btw. English isn't my first language. I'm sorry if my English isn't correct all the time.
ETP technical layout (watch out buyers)There seems to be a lot of resistance for this coin. the 38.2% fibonacci level confluences with the major downtrend line and some other significant resistance lines. Although the coin is due for a bounce, the upside potential is limited, untill the big resistance gets broken. Personally, im in favor of shorting this coin for now.
ETP - "Longterm" view Im having some thoughts about ETP. I think this is the start of something big, and some pro traders I know do belive that this could match up with the big coins in short term , but its just speculations. Do your research, and make up your own mind!
ETP had some good % gains earlier today, but I dont think that was it! Im almost sure ETP has more to come, and if we are patience, I think ETP can give us good Money! I have made up my mind, so drawing lines in the chart is not always that easy! Its for sure in a bullish trend, and it did break some resistance, and then went back Down. Yesterday it was Down to almost 3.7, so I think its still a good buy in!
Good Luck! Im having big thoughts about ETP in november! Within a year, even bigger!
Bitfinex ETPUSD Supports und FibBodenloser Fall, wird auf ca 2.5 fallen, Fib level und harter Support.
ETP inverse H&S, breakout by tomorrow 1/11In my opinion ETP is forming inverse head & shoulders pattern before breaking out tomorrow 1/11 together with HitBTC listing.
ETPUSD - Metaverse 's end of falling wedge? - Breakout Confirm? This is probably too sooner.
If he next 4H breakout double confirm breakout, ETP should be in new uptrend.!
Last possible best route is too optimistic. Let see how is this one.
PS. I just draw a graph for fun, please don't believe anything here.
ETP - The start of something big! Hello! Im testing this idea about ETP. Its been some bad time for ETP, and major correction is done. ! Breakout is coming, so jump on the train before its too late!
ive not used Fibonacci Retracement before, but it`s looking good on support and restistance levels on the chart.
Go long on this people! :)
ETPUSD updateat previous analysis, ETP perform very great bearish run,,
tirght now ETPUSD reach support at 3.67, if this level break down it confirm that bearish still continue and we gonna reach target at 2.53 soon.
Good luck
ETP Booooom!!!!!The man behind this coin is enough for us to know where this company will go and do.
Being so undervalued now accumulate as much as you can.
with just in week time of spam increase of 400% and its not gonna stop here its a long way to target and its gonna keep on going.
Today Possible best route for Metaverse ETPUSDI draw this for fun. It could happen.. but I absolutely have no idea.
This could be totally wrong.. ETP may need to consolidate more before moving up.
Anyway, you can go long.. possibility that this coin will go to 10$ or even better to repeat NEO path.
Eric Gu is giving a speech today at Money 20/20 Conference
twitter.com
PS. I am not professional trader nor a good advisor. Please don't believe anything I mentioned here.
PS. This is to follow the last episode of tragic fall of double top ETP.
ETPUSD is likely to retreat, ETP is in the overbought region.RSI is in the overbought region.
Stoch RSI around top.
MACD is not as strong as the previous terms.
Conclusion: a reversal pattern is likely with a possible fall to 4.80-5.10 region.
ETPUSD is inversely correlated to BTCUSDFollow BTCUSD on 1min chart and 2-5 seconds later ETPUSD will move in opposite direction.
