Etpmetaverse
Resting on the weekend?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!
Good Luck.
taking a good guess, i guessetp will be going up, for several reasons, i believe.
on this 3h chart, etpusd tested many times the trendline. furthermore, it seems that the 200 moving average is also a good indicator where the price is moving.
another good thing to point out, is the volume. or better, the lack there of. there wasn´t any selloff volume so far, which makes me strongly believe we are still moving up.
if this pattern confirms, we will see a nice bullflag towards 3.9usd - 4.2usd.
ETPETPUSD forming rising wedge - reversal pattern. Also I see Double top. We go down to the next fibonacci levels. If BTC will go down it will provocate big dump because ETP overbought.
