Potential Head and Shoulders on ETPAs some have already noticed there seems to be a head & shoulders pattern forming on the 4h chart. Preparing to sell at right shoulder. Stop orders for these short trades should be placed at 0.00092-0.00094 level.
ETP
Energy Transfer Partners (ETP) Long on breakup End of correctionThe upside target at the previous top (31.49) is a minimum.
It could double there.
Bullish divergence on the RSI.
Extended Descending Triangle on ETP Metaverse LONG Target 4.5, 5Target 1 4.5-4.6
Benefit 25.6-27.5%
Risk/Reward Ratio: 9
Target 2 5-5.2
Benefit 42-45%
Risk/Reward Ratio: 12
Stop Loss 3.45
PS. I draw graph for fun only
Chasing Lightning [Flash Crash Smash n' Grab]Obviously this may not happen, although if it does. The profits will be magnificent; You lose nothing placing a buy order at 0.0756.
$ETPUSD Metaverse [Revisited] Possible 3 Long Targets 5, 7, 8$ETPUSD Metaverse Possible 3 Long Targets 5.04$, 7.14$, 8.0$
I have redrawn the last failed 1st-3rd waves into the whole first wave of new possible Elliot Wave trend.
The conservative LONG target is 5.04$
But it may probably go higher. (or even higher - see ETP CUP!)
ETP is speculated to be the solid coin second next to NEO as the Chinese Ethereum, but yet undervalued.
So this coin under 10$ for 2017 is cheap pick.
My drawing could be wrong as any other drawing. But it gives me some possible target for trading, yet better than blind/hope trading.
Good luck with your trading.
PS. I draw graph for fun only !!!!!
ETP testing ChannelETP testing its $3-4 channel. Wedge consolidation could mean a breakthrough or a collapse to bottom of channel. Current strategy, bought some around 3.7 with orders set to 3.0 incase wedge breaks downwards. Channel base support strong, comfortable buying more at channel base will playing the potential bullish breakout.
$ETP Bullish Symmetrical TriangleThe volume is decreasing and the tightening consolidation. It's giving us signal of breaking out from the Symmetrical Triangle. This pattern is considered as continuation of the current trend.. Also RSI indicator is supporting this idea. The markets are showing it's a great opportunity to open long term trades.
Note this pattern is giving to us our second target which is around 5.2 level if it does break upwards. Rest of these targets are positioned near to resistance levels.
Partial of the holdings should be sold at 4.5 level. Partial profit target is helping with money management and can be used for the new investments while rest of the holdings are waiting for the longer term profits.
Also I strongly recommend using stop-losses which should be set at 3.4 level!
Anyways..
Trading information:
Buy: above 4
Profit Targets: 4.5, 5.2 & 6
Stop-loss: 3.4
Things to remember:
To trade safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Triangle on ETPUSDThe price ran into a triangle formation 2 days ago and oscillates between its edges ever since.
There is now a movement towards the upper border, which enjoys support from the RSI, but the MFI is already shortly before a overbuying signal.
I don't think that the price will make a significant breakthrough through the upper border and it is more likely that it retraces back to lower grounds.
The only caveat here is the BTC price, which - if correcting - could cause fresh money to give a significant push to the ETP price.
ETP BREAKOUT COMING WEEKETP has been accumulating for a while now with a new market cycle due to start.
$ETPUSD Metaverse - Riding the 3rd wave, Bullish! This is my prediction.
I am not sure I will be right.
But I have fun doing so..
And I have learnt a lot from twitter.com
He has created lot of good tutorials on Youtube.
Thanks!
PS. Please don't believe anything here, I draw graph for fun only.
ETP Metaverse - Late Break out - Possible new Elliot WaveA week ago, after Bitcoin correction ended, other altcoins went up.
Only ETP was so stable at 2.9-3.1
Today ETP just broke out, and is possible forming a new Elliot Wave.
Good luck.
I just draw chart for fun, don't believe anything I said please.
Rising Wedges Falling Wedges, ETP Metaverse SHORT/LONGSeem like Segwit2X Ghost is coming, and price dropped from 3.6 suddenly, this may coincidence or may be not.
I see Rising Wedges and Falling Wedges
This coin should go up a lot more, I can either short or long.
Good luck.
ETP Metaverse - consolidation vs forming symmetrical triangle?If ETP is forming Symmetrical Triangle, we are going down a bit to very strong support zone
between Fib0.618 to Fib0.75 retracement,
That should be where to buy several more ETP. The last support is at 2.5 which is unlikely to go that low.
But if not we are in consolidation zone until Segwit2X
So the route is either pink or red.
ETP- Corrected to .618 Fib
- RSI oversold
- MACD potentially support upward movement
orange lines = resistance
red line = stop loss
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 Metaverse analysisI've been short since around 4.20 and im looking to close my short at the .5 and .618 retracement. This area also has confluence with earlier demand zones, fib extensions and trendline support + psychological (3$). I think it is possible that the dip is already over, however the best buying area remains .5 or .618. So if we bounce out of the downtrend i might have to take a small loss.
Most of my short i will close at .5 and around the .618 i will definately reverse my position.
Fundamentally, i think ETP is just another coin with some regular practical application that doesnt stand out enormously but somehow people are mentioning it way more often, and the team is showing more activity on social network. This makes me think we won't reach .618, and fomo to new highs, but my strategy remains as it is.
what are your thoughts? let me know in comment section.
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.
