CryptoCubic
Long

Metaverse Strong Growth Against Bitcoin

BITFINEX:ETPBTC   ETP / Bitcoin
On the 24th of June, Metaverse formed a double bottom at 7820 satoshis, after which price went up sharply, resulting in a 160% growth against the Bitcoin . Price has found the resistance at 20900 satoshis, where it has rejected the 38.2% Fibonacci retracement level.

But at the same time ETP / BTC broke above the descending channel and closed above the 200 Moving Average on the daily chart . This could mean the beginning of an uptrend, with the strong upside potential.

Still, the corrective move down could take place, especially after such a strong growth. ETP could decline towards 38.2% Fibonacci support at 15875 satoshis, and perhaps even lower, prior to the uptrend continuation.

There are two scenarios where investors could take advantage of the potential uptrend. Either wait a corrective wave down, the rejection of the Fibonacci support, or trade the breakout above the current resistance level .
Comment: just a perfect rally on ETP

Comments

Looks like ETP is soaring towards last resistance. Any update about analysis appreciated.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out