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...
As we expected in previous idea, ETP tested $1 resistance (and failed to break). Now it looks like we are accumulating on new support level, which is in range $0.7 - $0.8.
This idea is a bit more optimistic than the previous one. Mainly because we still did not saw breaking volume (like 1M+ ETP per day on Bitfinex). So there is still plenty of space to make...
Seems like ETP is about to boom soon. We're accumulating on long-term low (currently 90 % below the initial coin value). You can see that there is no much will to sell at this price in order books.
Despite the descending price, the project is actively developed whole time. So there is also a great motivation to get it on higher price level.
With higher profit...
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!