NOT FINANCIAL ADVICE, TRADE AT OWN RISK! Volatility might be coming ahead in the markets.
if price drops a bit lower it could be a very nice entry
ETN volume increased along with sentiment and developments with project. Looking to test Resistance again after previous failure. Could see 1 cent at any point in my opinion.
Unfortunate but lets hope pump n dump season sorts it out.
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...
Nobody really looks at these time frames due to the low liquidity and random moments, but thought i'd post the ascending triangle nevertheless. should see move higher in next 24 hours.
Little upside as of writing at the end of Descending triangle. Liquidity still very low so could still break either way.
Price has broken 1st support and is on the 2nd support, if the price pulls back a reversal patter may occur. Wait until it breaks 1st resistance (red)
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...
Simple trend line showing us a bearish market in 1 day time frame. I have plotted a support and resistance line. Buy: $0.0058 Sell: $0.0066 Get into the buy trade only after the price breaks the support line and forms minimum 2 bullish candles.
Liquidity drying up back to lower more volatile levels as seen before the April pump and the alleged new 'Market maker' announced by Electroneums PR manager - looking like an inside pump and dump by electroneum Ltd to try and create organic trading. looking for a bounce on scenario 1, although scenario 2 is more likely to continue until end of July if things stay as is.
if the yellow support line maintains and if we will see a reversal of the downtrend I think its officially a bullish pennant or either an ascending triangle if we see at the blue line as a resistance, in the two cases a bullish scenario!
an ascending tringle have just formed, this is a bullish pattern!
Support at 90 and 58 sats. Looking for sideways action for a few days before next leg up to 125-155 sats.
As per previous chart bounced higher to, then Broke lower heading towards 58 support and stopped short at 60. - bounce in play - looking for 85 sats. BUT WTFDIK
A clear reversal of the downtrend and a previous resistance become a support What do you think guys?