Metaverse (ETPUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETP began a wave one advance on December 22, 2017. The red wave one finished on January 5 this year, and the red wave two correction ended on January 17. If this wave count is correct, ETP should be heading next towards the January 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
In the daily chart, I believe ETP is currently in the red wave three. The red wave three began on December 22, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metaverse is a decentralised open platform of smart properties and digital identities, based on public blockchain technology. Here is a video where Eric Gu, Founder and CEO of Metaverse, explains the platform.
(Sources: https://mvs.org/ and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Metaverse will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Metaverse will drop below the December 22, 2017 low".
If you think Metaverse is in a range, upvote this post and upvote the comment "Metaverse will stay in a trading range between the December 22, 2017 low and the January 5 peak until February 26".
You can upvote the comment until 3 PM EST January 27 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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