ETN has broken the first curved line. The market has been very brutal for altcoins. One good news is that ETN could be forming another curved line trend aligning with an ABC correcting. With the second trend line, the top of the channel is higher, around $0.20.
@quack1106 it could be. the problem is that we don't know how this coin will behave in a potentially real "altcoin season". we don't have past performance for projections. also, the tradingview ath for etn is 0.20 while in other sources is 0.40 and the 4.236 fibo level using. 0.40 as ath is way above 1$
quack1106
⋅
@chronodevourer, thanks for the reply, ive never been in a bullrun before, can a coin like etn with low volume actually pump ?
UnknownUnicorn14518531
⋅
@quack1106, Honestly, I don't know. During the past altcoin seasons, everything pumped. Technical analysis is just a way to see possibilities. ETN has a very low volume and has been too quiet for a while. Most projects' marketing is very aggressive, ETN is the opposite, they are quiet and as far as I know, the CEO is a very Political guy. They changed direction from a privacy coin to a fully compliant one, that move caught my attention as for me, the regulated projects will survive. Apart from all the conspiracy theories out there, from my view, ETN is cooking something big behind the scenes or they are a huge failure. We should find out soon.
quack1106
⋅
@chronodevourer, thanks, high risk high reward i guess