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 around this price range, when I had noticed ETP on Bitfinex. So if we take a look at the preciding price action, we could still see some action coming up, as we had doubled form 2 to 4 Dollars back then.
If we now zoom in the 4H chart, we can actually see another Ascending Triangle breakout, but have a look at the ugly wick of profit taking:
=> Conclusion guys: Very big caution here, as you can get faked out extremely fast because of low volume. If you ever wanna play this, you can only use a small position size (which obviously depends on account size, for me at least it's very dangerous).
So why am I posting it then? => Because we always have to look for great opportunity, for big movers, that's our job as traders. If a shitcoin pumps, I don't care as a trader, I look at the price action & try to take advantage of it. The same was just going on with BSV btw.
I will attach my ideas from last year to ETP.
Have a great day/evening global family! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing trading metrics & online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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 around this price range, when I had noticed ETP on Bitfinex. So if we take a look at the preciding price action, we could still see some action coming up, as we had doubled form 2 to 4 Dollars back then.
If we now zoom in the 4H chart, we can actually see another Ascending Triangle breakout, but have a look at the ugly wick of profit taking:
=> Conclusion guys: Very big caution here, as you can get faked out extremely fast because of low volume. If you ever wanna play this, you can only use a small position size (which obviously depends on account size, for me at least it's very dangerous).
So why am I posting it then? => Because we always have to look for great opportunity, for big movers, that's our job as traders. If a shitcoin pumps, I don't care as a trader, I look at the price action & try to take advantage of it. The same was just going on with BSV btw.
I will attach my ideas from last year to ETP.
Have a great day/evening global family! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing trading metrics & online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
