Metaverse 100% Growth Potential - Short Term
מעודכן
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.
הערה
📱 Telegram: t.me/Tradexcel
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.