ETN/USDT - Electroneum Double Bottom reversal
Updated
Electroneum
The SHIB of the pre-2020 crypto markets! This was the fanboys coin at one point, lots of coins, lots of promises such as mobile phone mining and other ilk
It still has many people behind it, probably mostly HODLers who still being too greedy to sell as they want it to go to $1 before they cashout!
So technically we can see a clear double bottom on the daily, RSI, VixFix & Cycle of Power, indicators showing a clear opportunity for a reversal, easy 20%+ gains on this coin, even more, if u wanna let it ride but don't get caught holding too long, market still a bit funny after bitcoin closed a wee bit under on the weekly candle this morning, but as confidence rises in the next weeks we could see a good load of people buying into alts such as ETN
Stop Loss can be as tight as you want but give at least 5%, just dont be a bag holder here, as lower prices are possible if market volume falls
Will hunt for some more golden opportunities and coins we can make a few bucks from quickly and easily, so please thumbs up and follow me for more ideas
Have a powerful week ahead
Majorlee x
The SHIB of the pre-2020 crypto markets! This was the fanboys coin at one point, lots of coins, lots of promises such as mobile phone mining and other ilk
It still has many people behind it, probably mostly HODLers who still being too greedy to sell as they want it to go to $1 before they cashout!
So technically we can see a clear double bottom on the daily, RSI, VixFix & Cycle of Power, indicators showing a clear opportunity for a reversal, easy 20%+ gains on this coin, even more, if u wanna let it ride but don't get caught holding too long, market still a bit funny after bitcoin closed a wee bit under on the weekly candle this morning, but as confidence rises in the next weeks we could see a good load of people buying into alts such as ETN
Stop Loss can be as tight as you want but give at least 5%, just dont be a bag holder here, as lower prices are possible if market volume falls
Will hunt for some more golden opportunities and coins we can make a few bucks from quickly and easily, so please thumbs up and follow me for more ideas
Have a powerful week ahead
Majorlee x
Trade active
Price action broke thru the floor and invalidated the double bottom now forming a clear downtrend channelstill good opportunity to get a bounce as clear reversal forming
Trade closed manually
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