good analysis! greetings from Indonesia, what entry point would u suggest for me good friend? thanks ! :)
leopisbig
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hi @joshuaevano, you may follow the popular account in here and maybe search for tech analysis. but it needs time and experience to see the whole picture, I guess. It is not true or false, it is always a probability. I am learning as well :)
laogong
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Hi, thanks for the info, however a timeline would have been amazing. Because it could be a gigantic retreat from this amazing bull that's been on for a few weeks, a just a small retreat from the peak to 6 retreating to 4ish and then climbing again ...
leopisbig
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@laogong, please check my next idea. hard to comment on time frame.
tradetoret
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Good analysis but I'm not agree, as past situations offered the same indications but the token continued going up.
From my point of view it will go at least between 6.5 or 7 in the next 12-14 hours.
leopisbig
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@tradetoret, thanks for your comment. It may go up to that region, as you mentioned, like it did on 15th and 16th of this month. But as know, it retreated back later around 34% from 5.50 to 3.60.
tradetoret
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@kvck, Yes, that's true. I believe that we're just starting a new wave, maybe the last one, as I expect from BTC. ETP is not following BTC pattern but I believe that when this current BTC bullish tendence stops (in the near future, maybe around end of October) we could see ETP doing the same. It's then when I think that a correction will happen.
Right now the MACD indicator signal in 4h graph shows me an starting wave. Probably that wave would not be as hard as the one three days ago, but enough to reach the 7$ region. Then I think that a good entry point would be marked by the Stock RSI on the same 4h graph (maybe around 6$). We will see. :-D
leopisbig
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@tradetoret, in the case that price continues to increase, it can go up to 6.7 or 7.7 range.