On the daily chart the price is in the horizontal accumulation channel. Now the price has formed a symmetrical triangle, to determine the purpose of the triangle, we draw a parallel line of the lower base, and measure the value of the base of the triangle, this will be our goal. Also, at the level of 70 is an accumulation of liquidity (horizontal level of...
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...
Electroneum has a similar pattern forming that occured just before its last big push in May. (circled)
- We have the rounded bottom.
- Uptick in the 9 & 21ema (yellow & green lines)
- Break of the large descending triangle.
- Break of resistance.
- Rsi upticking and now above 50.
- Increase in volume.
I'm expecting that we see a slight retracement below the...
ETNBTC- Kucoin Buy 57 Targets : 62,67,74,80,90+
Stop : 53 Satoshi
Please do your own due diligence OL HOUSAN is not a financial advisor nor should you ever consider my Tweets/Tradingview/Telegram posts such! DYOR
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...
Electroneum might consolidate for a little longer (a few days) as price action should start moving up providing bitcoin cooperates.
Electroneum is a solid project in my opnion and has a lot of upward action for the long term future.
I did personally buy a small bag at the moment.
This is not financial advice.
*Simple solutions equal successful resolutions*
Keeping it simple!
ETN respecting down trend since its pump in mid May.
Bullish divergence on CCI.
Slowly approaching support level where 61.8% fibs was respected previously.
Coincides with uptrend drawn from initial breakout from consolidation on 21st April.
Potential long opportunity from demand block/uptrend/support intersection with tight SL.
Or wait for...