I forgot to post about this one, too busy.
But Electroneum has a long history and was voted the most potential coin about 3 years ago.. it had a serious dip, but has a very big community.. they were one of the first to make a Dapp to mine ETN on a mobile.. Asia is crazy about it, South Korea, Japan, China, etc.
In numbers of people a very much supported coin.
ETN is in a massive rally which is closing on our first significant resistance at 10k satoshi.
The indicators are looking sexy, volume is up, risk appetite is off the chart. ETN is ready to explore higher levels.
I don't see much resistance until our first target, hence, enjoy the ride.
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ETN is currently within a falling wedge.
Once it free itself we expect to see a big comeback.
Enjoy the ride and don't be too greedy.
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ETN bottomed on August 14 and 15 and has been in up trend against BTC since then. Big volume spike confirms the downtrend to be over as the bulls came in and bought it up. RSI on steady climb up as well and as it breaks the resistance points will go higher and higher.
ETNBTC daily and weekly is on a Bullish Wedge pattern.
If the bullish movement successfully start, the resistance ahead are Fibo- 0.61, 0.78, and the first heaviest one on the way is Fibo-1.
If it manage to breaks these resistance lines then the next heavy resistant would happen between Fibo-1.6 and F-2.0.
After that, the next big target could be 2.6 and...
Well, everything with this coin just falls flat, project has turned into the Blockbuster of the Crypto world by not adapting, Volume is non existent, and seems the team have no interest in improving liquidity for speculators.
As you can see green arrow could be potential breakout but unlikely, will be interesting to see if this actually falls all the way back to...
This may be a bit of a premature call but in the past few days we have experienced many Alt coins have tremendous rallies. Here we have ETN/BTC that after breaking out on May 11, peaking at 0.0000011910 sats on May 16, has corrected all the way down to the 0.786 which also coincides with the 100MA (blue) while printer a higher low and working on getting above the...