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VWuelfrath
Jun 20, 2018 11:49 PM

ETPBTC - Interesting set-up, but highly speculative asset Long

Description

Not 100% sure what I think of Metaverse ETP.

As a technology, it seems to have solid fundamentals and team, but it lacks in communication. Furthermore, they are not listed on many exchanges which I find weird.

Nevertheless, the chart set-up is interesting and we should probably be keeping an eye out for a breakout of the pennant.

I did open a position on this. My stop losses are below the pennant support and I have not worked out the targets yet as this can possibly be a long term hold at this price.

Let's reevaluate down the road.

Comment

It handles well the BTC dump so far.

Let's hope for a BTC recovery soon so we can evaluate the potential.

Trade closed: stop reached

Trade active

Reopened a long

Trade closed: target reached

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