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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

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Trade Setup
#ETPUSD
Total Profit: 8673 pip
Closed trade(s): 1385 pip Profit
Open trade(s): 7288 pip Profit

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.
TP2 @ 0.2165 touched at 2021.02.12 with 890 pip Profit.
495 + 890 = 1385 pip

Open Profit:
Profit for one trade is 0.2186(current price) - 0.1275(open price) = 911 pip
8 trade(s) still open, therefore total profit for open trade(s) is 911 x 8 = 7288 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.
  • If the Midterm level 0.1770 is broken, we will close open trades.

DateMarch 4, 2021 - 20:51
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.1770, resumption of uptrend is expected.
  • We make sure when the resistance at 0.3000 breaks.
  • If the support at 0.1770 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.1770 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 maximum to Major Resistance (0.3000) 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 58.

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