Long
Metaverse 100% Growth Potential - Short Term
Metaverse found the bottom at $0.46 after which strong growth has started. On the 17th of July ETP/USD has reached $2.2 high, which was 377$ growth in less than a month.
But while the high was reached, ETP has rejected the 88.6% Fibonacci retracement level, and price corrected down to $1.8 support area.
At this stage, for the uptrend to continue, price has to break above the $2.2 level. When/if that occurs, Metaverse should continue rising towards 61.8% Fibs, which is a $4 - strong psychological resistance.
On a downside, as long as daily close stays below $2.2 resistance a correctional wave down can be expected. The confirmation could be a break below the $1.66 level, which could result in a decline towards $0.9-1 area.
But while the high was reached, ETP has rejected the 88.6% Fibonacci retracement level, and price corrected down to $1.8 support area.
At this stage, for the uptrend to continue, price has to break above the $2.2 level. When/if that occurs, Metaverse should continue rising towards 61.8% Fibs, which is a $4 - strong psychological resistance.
On a downside, as long as daily close stays below $2.2 resistance a correctional wave down can be expected. The confirmation could be a break below the $1.66 level, which could result in a decline towards $0.9-1 area.
노트
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.