Cryptocurrency
by Seth Parker on September 21, 2018

Metaverse ETP Analysis – Still a positive sentiment

Hello Traders! Welcome on Friday. Today, we start with the piece about the Metaverse ETP, which is still one of the best coins on the market. Previously, we wrote about this coin at the end of August and we were bullish:

„ETP is one of the brightest coins on the market right now and buying this can be a really good option. Maybe You prefer to trade the shitcoins, which are touching the bottom right now but all we are telling you now is that the technical situation on the Metaverse looks sweet! „

metaverse chart

Maybe since then, the price did not go significantly higher but the situation is still definitely bullish. Most recently, ETP draw a head and shoulders pattern. Normally that should be negative so why we are positive? ETP broke the neckline and the mid-term up trendline but that was a false breakout! We are bullish because false breakout usually results with a movement in the opposite direction, so in this case – an upswing. Today, we are up more than 5%, which is a good start and can bring us a bullish momentum in the forthcoming days. With this kind of setup, we should see new highs relatively soon.

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

More content by Seth Parker

Comments (0 comment(s))