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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

Download MT4 template file

Trade Setup
#ETPUSD
Total Profit: 3709 pip
Closed trade(s): 1013 pip Profit
Open trade(s): 2696 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.1461 based on 'Valley' entry method at 2020.07.17.

Closed Profit:
TP1 @ 0.1770 touched at 2020.07.22 with 309 pip Profit.
TP2 @ 0.2165 touched at 2020.08.03 with 704 pip Profit.
309 + 704 = 1013 pip

Open Profit:
Profit for one trade is 0.1798(current price) - 0.1461(open price) = 337 pip
8 trade(s) still open, therefore total profit for open trade(s) is 337 x 8 = 2696 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateOctober 25, 2020 - 16:05
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.1260, resumption of uptrend is expected.
  • We make sure when the resistance at 0.2165 breaks.
  • If the support at 0.1260 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.2149 on 10/21/2020, so more losses to support(s) 0.1770 and minimum to Major Support (0.1260) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 0.1770
  2. 0.2165
  3. 0.3000
  4. 0.3695
  5. 0.5000
  6. 0.8890
  7. 1.5330
  8. 2.2125
  9. 3.8660
Click on the level to view price action history.

Symbol Released Current Forecast
Metaverse ETP (ETPUSD) Sun, 5 Sep 2021
Metaverse ETP (ETPUSD) Sat, 28 Aug 2021
Metaverse ETP (ETPUSD) free Sat, 21 Aug 2021
Metaverse ETP (ETPUSD) Sat, 14 Aug 2021
Metaverse ETP (ETPUSD) Sat, 7 Aug 2021