There seems to be a lot of resistance for this coin. the 38.2% fibonacci level confluences with the major downtrend line and some other significant resistance lines. Although the coin is due for a bounce, the upside potential is limited, untill the big resistance gets broken. Personally, im in favor of shorting this coin for now.
I've been short since around 4.20 and im looking to close my short at the .5 and .618 retracement. This area also has confluence with earlier demand zones, fib extensions and trendline support + psychological (3$). I think it is possible that the dip is already over, however the best buying area remains .5 or .618. So if we bounce out of the downtrend i might have...
In my opinion ETP is forming inverse head & shoulders pattern before breaking out tomorrow 1/11 together with HitBTC listing.
This is probably too sooner. If he next 4H breakout double confirm breakout, ETP should be in new uptrend.! Last possible best route is too optimistic. Let see how is this one. PS. I just draw a graph for fun, please don't believe anything here.
I draw this for fun. It could happen.. but I absolutely have no idea. This could be totally wrong.. ETP may need to consolidate more before moving up. Anyway, you can go long.. possibility that this coin will go to 10$ or even better to repeat NEO path. Eric Gu is giving a speech today at Money 20/20 Conference twitter.com PS. I am not professional trader nor...
ETP may repeat what NEO did on the first week of August. From $6 to $50. "RUMOUR: $ETP has been selected as China's official blockchain by PRC, $NEO not far enough advanced. To be announced next week! #MOON" - from a guy on Twitter
It's hard to decide. I'll tell you again soon.
Broken BB, volume decreased, possible downtrend with fib retrace to around 0.00085, then long to 0.00120 *don't use this as investment advice