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
Technical analysis: . ETP/ETHEREUM is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . While the RSI and the price uptrend in the Daily chart are not broken, bullish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . ETP/ETHEREUM is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . While the RSI and the price uptrend in the Daily chart are not broken, bullish wave in price would continue . Trading suggestion: . There is a possibility of...
Following a heavy move to the upside signaled by a RSI divergence in may time, ETP/BTC has failed to make higher highs for the last few days while the RSI strength is weakening. It could appear a change of trend is upon us. I have cloned the previous downside and laid it over the proposed temporary top of market swing here and it looks relatively aesthetically...
During 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...
Metaverse 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...
Metaverse found the bottom on the 24th of June, where it hit $0.46 low. Then price went up sharply, breaking above the 50 Moving Average and th descending channel. Nevertheless, ETP/USD has reached 23.6% Fibonacci retracement level at $1.73, that has been rejected cleanly. This might suggest a corrective move down or even a downtrend continuation. At this stage...
ETP moon starting on Sept 17th. NO TRADING ADVICE / RANDOM IDEA #Citadel #AwgalStyle
Bullish trend on ETP from July.. I think ETP is overvalued. There is Strong volume Divergence, so, trend can reverse soon. It will be a great short.
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...
Hello TV, Ok guys, this is going out of control haha. Anyway, two scenarios here : FIRST (Maxi bullish) : BUY : Around 2.5 SELL : Around 4.25 STOP : If the tiny bullflag breaks down (below 3.4) SECOND (wait for a retrace) : BUY : Around 3.10 SELL : 4.25 (woohoo) STOP : Below 3USD Trade at your own risk, and before someone says something about my channel....
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...