taking a good guess, i guess
Updated
etp 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.
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.
Trade active
We have a breakout!Volume is slowly coing in, but it could take hours or up to one day to fully develop a trend!
Note: Most volume is not on bitfinex (like this chart), etp is trading on chinese markets (check coinmarketcap for markets)
good luck further!
Trade active
the test of the support line is still in progress, don´t get fooled. i´m very optimistic right now for the price going up. be aware that the trend could test or retest lower levels. still in this trade. you trade at your own risk.Trade active
so, i was litte bit too happy about the outcome, and i totally forgot that a falling wedge usually retest the upper line for a retest, which serves as a support now. i also adjusted the overall trendline. so far so good, there was volume in the upmovement (more volume on other exchanges, as far as i checked)couple more hours until the trend develops! also we need to wait for volume.
good luck, you trade at your own risk.
Trade active
chart adjustments... gotta love em!the good part:
upper resistance is now support!
200ma acting as support!
overall trendline between 2 points!
moved over to the 4h chart, which makes more sense now. . trend could test the overall trendline again.
still in this trade, this is not a trading advice!
goold luck!
Trade closed: target reached
to sum it all up:we went from a
falling wedge into a breakout, followed by a retest of the support and trendline.
and finally the triangle led us to the previous resistance.
there are 4 possible outcomes, nr.1 is very unlikely, i think. it will take couple days until we certainly know. bellow are some ideas of mine. gl further and happy trading!
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