ETPUSD rose above the 200MA on the 3h chart, the pattern is a reverse head and shoulders. If it plays out well, etp could go to 1.0 - 1.1 USD.
Will still take a while until the pattern is fully developed.
This is not a tradingadvice!
ETP Metaverse shows accumulating the volume and long-term accumulating the positions.
Also, its simply to see how rsi indicator in the day chart disacord with trend price.
If BTC pump above 4000, ETP price in BTC will come rise after his november-december dump.
H1 Trend was down, as indicated by the Lazy Trend System.
When we moved down to 15m timeframe, a short trade was identified at 1445pm when all indicators were aligned.
As usual, the recommended risk to reward ratio is 1 to 3 and the trade was closed at take profit.
Stop Loss: 1.0775
Take Profit: 0.9700
Ive been looking at ETPUSD for a while now and this coin just seems to be doing its own thing. As you can see here...
its broken away from BTC and is on a bull run.
Looking at the 4hr we have regular bullish divergence, hidden bullish divergence and we see a bounce from support trend lines. Im going long...
Rising wedge, declining volume, bearish divergence RSI
Small correction in need before continuing on way to test all time highs
Break to the upside of the wedge/return of bull volume would invalidate
For now aiming for touch of top of the wedge at least once then find support in dotted white line channel