Where's ETSY is going? Etsy, Inc.BATS:ETSYColmexProEtsy, Inc. (in English: ETSY) is an American online marketplace platform primarily intended for handmade, vintage, and unique products from individual creators around the world (Wikipedia). The company allows individual sellers to display and sell their creations conveniently, which turns the platform into a market of creators and not just a technology site, providing unique added value to users and consumers looking for special products that are not commercially industrial. However, ETSY stock shows signs of pressure in the online commerce market, as the company’s revenue model, which includes taking a cut on every purchase, puts everyone at risk if consumer or buyer activity decreases. As can be seen, when “it rains, everyone gets wet,” and all are exposed to similar risks, and the entire industry is under pressure. Technically, the stock is trading in a relatively sideways trend after several months of high volatility. The moving averages indicate some support for the long-term trend, with the 50-day exponential moving average positioned above the 200-day simple moving average, but every attempt to rise approaches clear resistance levels, indicating a struggle between buyers and sellers. The key in the coming weeks will be to see whether ETSY can maintain this support and overcome the pressure… days will tell. Important notice: Colmex Pro Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 123/10. Trading in financial instruments (including stocks) and/or using leverage carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.