ETP down trend continues
BITFINEX:ETPUSD
Although is under evaluated coin the downtrend is going to continue for a while. There is a strong support at $2.80 which was tested twice.
The issue is that the down trend triangle is deepening and based on Fib we know that the correction will claim around 80% which seems to be the norm for most of the coins.
After the bottom is found will need to build a base and then break out. This could take some time, could be a month or two. Maybe I'm too pessimistic here, and hope the correction will be shorter, time will tell.
Although is under evaluated coin the downtrend is going to continue for a while. There is a strong support at $2.80 which was tested twice.
The issue is that the down trend triangle is deepening and based on Fib we know that the correction will claim around 80% which seems to be the norm for most of the coins.
After the bottom is found will need to build a base and then break out. This could take some time, could be a month or two. Maybe I'm too pessimistic here, and hope the correction will be shorter, time will tell.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.