RSI is in the overbought region.
Stoch RSI around top.
MACD is not as strong as the previous terms.
Conclusion: a reversal pattern is likely with a possible fall to 4.80-5.10 region.
Here's a blow up version of ETPBTC. MACD is completely oversold. To set a sell target at the end of Wave 5 is highly risky so if you are looking for an exit, get out after it goes above wave 3.
Target Sell
100k. 110k if I am feeling lucky. :D
This is assuming it follows Elliott Wave Theory. If it fails to break above wave 3, look for a suitable exit.
Enter...
Hoping that ETP finished ABC correction and it trending upwards again. Hoping for ATH for after BTC gold. Good shorting price would be 150k-160k sats.
RSI shows upwards price movements and Vortex indicator shows no more congestion.
Metaverse to Everest expidenture comes to tragic part, "the correction"
I don't think it can go any higher at least for a while.
Consider:
- Only bull coin in the bearish market in last week
- Coin fundamental (base in China and now China FUD)
- (several reasons)... please do more research .....?
What I would hope to look for, it should start co consolidate and...
$ETP in my opinion it will be in a mild consolidation.
I think an descending triangle will form until a newer high is made. Could easily see it reaching .001+ but price will currently dip down to .00075..0007 area.
This is not a signal to buy. The buy-zone is my personal target. :)
Downtrend Continuation
Head and Shoulder - bearish
1h 50MA (cyan blue) moving downward indicating downtrend
MACD indicates more selling power than buying
Expect to touch 45k in the short term
Uptrend Indications
H&S is bearish.. Reversal may take time
Break through resistance line / 1hr...
Limited partnership with 10.8% yield. Has broken long term downtrend line. My target is around 57-60 based on 2 methods. Could use uptrend line as stop. Process by your own approach.
