yewcandoit

Deep Retracement on ETP - Indicators Suggest Ideal Entry Point

Long
BITFINEX:ETPUSD   None
No FA here, just looking at TA. I advise you to DYOR (do your own research).

Few things I like about ETP right now:
-low market cap
-fibonacci retracement to 0.768 level
-TK cross on May 4th, on 1D chart using crypto settings on ichimoku
-RSI approaching oversold on 1D, oversold on charts below 1D
-yet to rally in '18 alt spring
-on major exchange (bitfinex), so high exposure to high volume once it goes
-HIGH R:R ratio (look at the bottoms vs. top), we are near the bottom


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.