Hi all,
This idea is based on moving average and chart pattern.
EMA50 has now crossed MA50 on 4 hr 0.04% chart, and 6 hour chart should catch up soon, too.
Because of small market cap, ETP -0.44% usually has high fluctuations when it rallies.
It is also highly correlated with BTC 1.41% , so with the whole market being bullish , ETP -0.44% is a phenomenal buy in my opinion. As I am writing this post, ETP -0.44% only has 62.7 million market cap according to coin market cap, that is extremely low, compared to last year when it was one of the top 40-100 coins.
I believe it will outperform the market in general in the short and medium term.
Indicator wise, RSI has plenty of room for growth and MACD has yet to turn to the positive side.
There isn't much room to drop, so we have ourselves a nice R/R.
Chart pattern wise, we can see the price action is nice and in parallel. To me, another rise is imminent.
Good luck friends.
This idea is based on moving average and chart pattern.
EMA50 has now crossed MA50 on 4 hr 0.04% chart, and 6 hour chart should catch up soon, too.
Because of small market cap, ETP -0.44% usually has high fluctuations when it rallies.
It is also highly correlated with BTC 1.41% , so with the whole market being bullish , ETP -0.44% is a phenomenal buy in my opinion. As I am writing this post, ETP -0.44% only has 62.7 million market cap according to coin market cap, that is extremely low, compared to last year when it was one of the top 40-100 coins.
I believe it will outperform the market in general in the short and medium term.
Indicator wise, RSI has plenty of room for growth and MACD has yet to turn to the positive side.
There isn't much room to drop, so we have ourselves a nice R/R.
Chart pattern wise, we can see the price action is nice and in parallel. To me, another rise is imminent.
Good luck friends.
another leg down before rally wouldn't surprise me.
I will be laddering my buys.