MetaVerse (ETP) Is forming an Ascending Right Triangle! Target is $8.42
SUMMARY
About 16 days ago, I had posted an analyiss for MetaVerse (ETP) and since then, price has not skyrocketed. But it shall! Here is why:
The ETP/USD pair is gorgeous! The ascending right triangle is about to provide the lift off ETP needs. The minimum price run is about $5.97 and then $8.42
The ETP/BTC pair is displaying a very similar Cup & Handle and Bullish Downward Pointing Symmetrical Triangle, however, it lags the /USD pair. This is a key attribute I'm finding and believe that the /USD pair can be very useful in bein the leading indicator!
Those who prefer not to see the /USD pair, simply ignore it and go to the /BTC pair. However, ignoring it will cause a miss in what could be a significant leading/lagging indicator relationsip between the pairs!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
You're a legend! I reached out to you earlier today and within a few hours you posted. Thank you again sir - you're awesome!
@haejin could you plz make an update in which you count this flash crash? is the bottom of the flash crash a C? what is to follow?
Yes! I would really appreciate an update as well. Thanks Haejin! Love your work
Hi Haejin, i remember you said upward flag is bearish signal, but how can we discriminate upward flag and channel. They look pretty similar. Take EOS for an example. Is this upward flag or channel? Thanks!
In the Winter I'm a Buddhist and in the Summer I'm a Nudist!
That's what the image says to me.
https://steemit.com/bitcoin/@kickassfacts/bitcoins-facts-infographic
That comment went over my head. Lol. I was thinking more in line with the ebb and flow of energy in the universe flowing through us and our connection to it. Relating to the Elliot wave theory.
Cool..I like ETP anyway. Thanks
Hello Haejin! Thank you for your efforts in teach Elliott Wave - TA. Please, could you check the chart OMG? I'm studying TA to really understand the charts but I notice something weird with OMG from mid October to today and thank you again for the videos!
Chart OMG/USD
I understand that in the midterm - long term OMG is super bullish, but your opinion would be interesting in the short term.
Every time I learn more contrasting opinions.
Well Done!
Now, can you calculate the minimum price run?
I don't know... In this moment the price is $9.125 (Bittrex) It looks like a breakout, but I think the price can go down again to 8.20 more or less.
what you think?
the price has to breakout with a decision candle.
It looks like Bullish Ascending Right Triangle to me. If that is right then draw another triangle and you have the possible price.
I would say around $15.
Is interesting the difference betwen the ETP charts, due to the increase in value of the BTC
Hi Haegin, could you do an update on ZEN and DNT
Another great analysis, thank you for that !!! I would like to see what you think about DATA (streamR) and also more of EOS and IOTA as i love these coins