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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

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Trade Setup
#ETPUSD
Total Profit: 9073 pip (709%)
Closed trade(s): 1385 pip Profit (109%)
Open trade(s): 7688 pip Profit (600%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.1275 based on 'Valley' entry method at 2020.11.21.

Closed Profit:
TP1 @ 0.1770 touched at 2021.02.09 with 495 pip Profit (39%).
TP2 @ 0.2165 touched at 2021.02.12 with 890 pip Profit (70%).
495 (39%) + 890 (70%) = 1385 pip (109%)

Open Profit:
Profit for one trade is 0.2236(current price) - 0.1275(open price) = 961 pip (75%)
8 trade(s) still open, therefore total profit for open trade(s) is 961 (75%) x 8 = 7688 pip (600%)

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.
  • If the Midterm level 0.1770 is broken, we will close open trades.

DateFebruary 22, 2021 - 21:25
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.1770 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.1770 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.0935 on 01/09/2021, so more gains to resistance(s) 0.3000, 0.3695, 0.5000 and more heights 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 59.

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) new Sun, 11 Apr 2021
Metaverse ETP (ETPUSD) Sun, 4 Apr 2021
Metaverse ETP (ETPUSD) free Tue, 23 Mar 2021
Metaverse ETP (ETPUSD) free Thu, 4 Mar 2021
Metaverse ETP (ETPUSD) Mon, 22 Feb 2021