Get started

Electroneum

Electroneum Uptrend ConfirmedHello my beautiful people from beyond. I'm going to keep this short and to the point. As I pointed out last time on the daily time frame, ETN has opened and closed above the indicated blue trend line for the 7th consecutive day, which is super bullish. Also, we are currently trading above 21 EMA. The ADX and the stochastic are showing strong bullish signs. On May 14th we touched down at the lowest point of the year, which I was calling for a bottom. I also mentioned we needed to test it again and sure enough on June 3rd we retested and created our first higher low. Now we are working on creating a higher high from May 17th. At this rate we can possibly see 85 sats before July. This is not investment advice. This is purely for educational and entertainment purposes. Awareness618
ELong
by Awareness618
1
Electroneum possible bottom in! Is the bottom in!? Are we heading to the moon!? Let's jump into the charts! If you are following my last ideas on ETN then you will see I pointed out a possible bottom around 40 sats to 30 sats. Looks like we went down to 44 and now heading back up. However, before we blast off to the moon we need to look at a few things. The EMA 21 on the daily chart has presented huge resistance over the past few months and right now we are sitting right under it. We need to break and stay above it if we want to see further movement to the upside. We are also under the .382 fib line which could post some resistance as well. Overall the chart looks good and the volume is picking up, but I do want to see a retest of the bottom just for added confirmation. *This is not investment advice. This analysis is purely for educational and entertainment purposes. Awareness618
ELong
by Awareness618
2
Electroneum continues downwardHello my friends! Here is an update to my first post. Let's get into it right now. ETN continues its march downward to the crypto abyss. Seem like there is no hope in sight or maybe there is... ETN is sitting right above the .236 Fibonacci line, as BTC continues it's parabolic move upwards, more pressure falls on top of this Alt coin causing a possible break down of this fib line, but it hold and ETN begins accumulating I believe the bottom is in. Now, If it breaks down, then I see the next stop being 30 sats and a possible bottom. Like I've said before, when ETN begins to moving sideway for 2-4 weeks then I believe the bottom will be in. Stay tune for the upcoming App update with 30-60 second on boarding which will be a game changer for ETN, releasing soon! Awareness618
EShort
by Awareness618
1
Electroneum bottom incomingRocketMan is back!! Bringing some interesting news from the moon and its dwellers. Now, let's get to it. ETN is trailing below the daily 21 MA in blue and has entered the .236 FIB zone. I believe ETN will continue its downward momentum deeper into this FIB zone with a possible target of 66 sat unless it can stay above the diagonal trend line which I have drawn. As the title implies bottom incoming, I'm looking for at least 3-4 weeks of consistence sideway action over the next 30 days, which will coincide with Bitcoin's double bottom retest. If ETN can maintain stability during the coming weeks then the bottom is in and this would be the place to buy up a shit ton of ETN! Have a nice day dreamers! *This is not investment advise. This analysis is strictly educational and for entertainment purposes. This chart requires no major indicators for the reason stated. R/S Awareness
E
by Awareness618