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Weekly forecast Metaverse ETP technical chart
Symbol ETPUSD

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Trade Setup

#ETPUSD
Total Profit: 21412 pip (1682%)
Closed trade(s): 5530 pip Profit (434%)
Open trade(s): 15882 pip Profit (1248%)

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%).
TP4 @ 0.3695 touched at 2021.03.29 with 2420 pip Profit (190%).
495 (39%) + 890 (70%) + 1725 (135%) + 2420 (190%) = 5530 pip (434%)

Open Profit:
Profit for one trade is 0.3922(current price) - 0.1275(open price) = 2647 pip (208%)
6 trade(s) still open, therefore total profit for open trade(s) is 2647 (208%) x 6 = 15882 pip (1248%)

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.

DateApril 11, 2021 - 11:48
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 peak is formed in daily chart at 0.4985 on 04/01/2021, so more losses to support(s) 0.3695, 0.3000 and minimum to Major Support (0.2665) 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 56.

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