Hello dear crypto friends!
ETP, a major pump & dump candidate, is in the pumping phase again, and no one seems to care. I wouldn't have noticed it if I hadn't seen the huge above avg. volume on Bitfinex.
Have a look at the perfect Daily Ascending Triangle that broke out, giving solid 50% profit.
It is so funny, because during the last pump, it was exactly...
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