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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

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Trade Setup

#ETPUSD
Total Profit: 288 pip (24%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 288 pip Profit (24%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.1242 based on 'Valley' entry method at 2021.07.22.

Open Profit:
Profit for one trade is 0.1266(current price) - 0.1242(open price) = 24 pip (2%)
12 trade(s) still open, therefore total profit for open trade(s) is 24 (2%) x 12 = 288 pip (24%)

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.

DateAugust 1, 2021 - 15:27
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0990, beginning of uptrend is expected.
  • We make sure when the resistance at 0.2425 breaks.
  • If the support at 0.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.151 on 2021-05-24 and the trough at 0.099 on 2021-07-20, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.0990 on 07/20/2021, so more gains to resistance(s) 0.1400, 0.1770, 0.2165 and maximum to Major Resistance (0.2425) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Take Profits:

  1. 0.1770
  2. 0.2165
  3. 0.2425
  4. 0.2945
  5. 0.3695
  6. 0.4335
  7. 0.4690
  8. 0.5000
  9. 0.8890
  10. 1.5330
  11. 2.2125
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