Short
ETP. Is`t correction now?
First target 1.54$. then two scenarios are possible.
1) Test $ 2 and drop to $ 1.12. From there, the beginning of a new strong growth.
2) at 1.54 the correction ends and the growth begins to 2.7 on the fibo levels and to 2.8-3 $ in liquid zones.
There is a scenario of continuing uncorrected growth, but it is unlikely. The volumes have become less than those of the previous growth.
1) Test $ 2 and drop to $ 1.12. From there, the beginning of a new strong growth.
2) at 1.54 the correction ends and the growth begins to 2.7 on the fibo levels and to 2.8-3 $ in liquid zones.
There is a scenario of continuing uncorrected growth, but it is unlikely. The volumes have become less than those of the previous growth.
Note
the price did not go to the bottom line of the trend channel (1.55), but formed a consolidation. At the moment, the probability of breaking the triangle is higher. Sellers are weak. Zone 1.82-1.84 failed to break through. Buyers are more aggressive and the impression is that they gradually buy up the sellers.
Note
monster...
Note
ETP has reached the target and is now being corrected. I expect it for $ 2.2.
Note
As I wrote in the previous post, the price has reached $ 2.2. Buyers firmly hold this level. If buyers keep this mirror level - the net will continue its growth. Otherwise, we will have a lingering correction.
Note
When the BTC fell, the ETP was very well kept. Buyers kept the mirror level (2.2-2.3$) and the ETP is ready again for growth. But the angle of customer attacks has changed, a wedge has been formed, which often breaks down. Followed by trendlines wedge lines. Currently, the local target is $ 2.9.
Note
ETP moves to the target.
Note
consolidation 30%
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
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👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.