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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

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Trade Setup

#ETPUSD
Total Profit: 17257 pip (1357%)
Closed trade(s): 3110 pip Profit (244%)
Open trade(s): 14147 pip Profit (1113%)

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%).
TP3 @ 0.3000 touched at 2021.03.23 with 1725 pip Profit (135%).
495 (39%) + 890 (70%) + 1725 (135%) = 3110 pip (244%)

Open Profit:
Profit for one trade is 0.3296(current price) - 0.1275(open price) = 2021 pip (159%)
7 trade(s) still open, therefore total profit for open trade(s) is 2021 (159%) x 7 = 14147 pip (1113%)

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 0.2665 is broken, we will close open trades.

DateMarch 23, 2021 - 17:37
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.2665 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 0.2665 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.1645 on 02/25/2021, so more gains to resistance(s) 0.3695, 0.4335, 0.4690 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 76.

Take Profits:

  1. 0.1770
  2. 0.2165
  3. 0.3000
  4. 0.3695
  5. 0.4335
  6. 0.4690
  7. 0.5000
  8. 0.8890
  9. 1.5330
  10. 2.2125
  11. 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