The chart on this one isn't clear in any way. It's a fundamentally good coin with low liquidity listed on bitfinex (which also allows for margin trading on ETP). This makes price movements particularly erratic.
Having said that, we've really just been to the bottom during the btc crash. It's highly likely to go up as bitcoin starts to gain momentum, and the upward movement is likely to be swift.
If we can break $2.15, we can expect .382 fibo level at the least. Some retracement may ensue, but $4.2 target is within reason.
The possible scenario is as the red arrows suggest.
Having said that, we've really just been to the bottom during the btc crash. It's highly likely to go up as bitcoin starts to gain momentum, and the upward movement is likely to be swift.
If we can break $2.15, we can expect .382 fibo level at the least. Some retracement may ensue, but $4.2 target is within reason.
The possible scenario is as the red arrows suggest.
Kommentera:
ETP broke $2, heading for the resistance
Kommentera:
Indeed illiquid. While others corrected a little, etp fell sharply a lot, even though fundamentally nothing changed.
Hope when btc really rallies this illiquidity will help us
Hope when btc really rallies this illiquidity will help us
Kommentera:
Finally we see some bull. Right after I posted a YT video w/ a bull in the thumbnail :)
Kommentera:
I hope to see $3 very soon for ETP. Good coin, should be among Top100 at the very least.
