SouthWest
Long

ETPUSD Imminent Rally

BITFINEX:ETPUSD   ETP / Dollar
ETP has been accumulating at the 20SMA for several days now. Hailed as the new ETH, bullish market cycle will result in a lot of normie fomo for ETP .

Accumulation has finished and ETP is now attempting breakout.

TP at $4, 5$, $6.3

Goodluck
Comment: Target 1 Reached.

Trend reversal confirmed - on its way to higher levels if BTC decides to consolidate
Any update on this? Good time to buy?
Reply
SouthWest Foxace36
@Foxace36, Yup, support is holding well - not enough volume for breakout..just yet. Accumulation still going on and with BTC rallying a breakout will happen soon. Risk/Reward is good to trade this zone, much potential upside and it has already bottomed out so not much downside.
Reply
Foxace36 SouthWest
@SouthWest, What would you recommend as a good entry and stop loss
Reply
SouthWest Foxace36
@Foxace36, Entry here is good. Stop loss 2.43$
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