ETP looks to be starting a new market cycle. Let's look for another test of the max consolidation line (orange) where we will also find the uptrend line, and get involved from the bottom. We are looking for the market to swing back around to the 0.618 (MFR).
Cheers and GLWT! -Erik
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We kissed the 0.11 fibo! The current move looks corrective. Watch for a breakdown. EMA200 is acting as resistance on the 1HR.
Any updates? I hate to see this coin moving so slowly and being so unresponsive to announcements (when they exist...). But it sure still is one of the most undervalued coins in the market. Great tech potential too. But terrible PR and marketing.
viraviravira
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@XmOkEy as you said it's whale manipulation but ETP is easily a top 40-50 coin so whenever the whales feel like it it'll go to its rightful place
XmOkEy
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@viraviravira, I actually think ETP is much more than a top 40-50 coin. Better technological potential than NEO for example, targeting the business and industrial sectors instead, governments even. That's where the big money is. Being listed only in two exchanges (and HitBTC is so bad I barely count it as one) makes ETP inaccessible for a lot of people. But worst than that, makes it completely vulnerable to market manipulation. And that's actually quite obvious. The exchanges issue needs to be solved asap (I know for a fact that contracts are already signed but it still strikes me how can the process move so slowly for ETP..) and the team needs to start investing more in marketing and maybe a bit less in Mr. Gu travelings. If they manage to strike a deal with Dubai's government it might be the jump start that ETP needs. In the meanwhile, after the flash crash weeks ago, TA wise I'm completely lost...
viraviravira
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@XmOkEy, well TA wise it's pure market manipulation. I've been following ETP for a while now and it's not very difficult to make money on it even if the price doesn't increase a lot.
I understand the Metaverse team doesn't want to invest in marketing/exchange listings before the technology matures. If there was more hype around this coin (at the moment there seems to be none) I'd give this coin a 1B $ evaluation. Asian coins will surely blossom in 2018 - QTUM, WTC, OMG, and I guess NEO, and then there's no way ETP will stay in the shadows. When the tech is ready - who knows, top 20 isn't far fetched.
I'm telling you as an unemployable student that I'm glad ETP is staying this low so I can multiply it before it flies off to the moon, so you can just imagine how whales feel about it. :) Flashcrashes are just opportunities to go long on margin and discourage people from putting their money there.