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ETN

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
Bitcoin Today: SEC says no to ETNsPrice During the weekends BTCUSD tested the 5750 – 6250 support zone, the price found support on the Bearish Trend Line and managed to come back in the lateral channel, above 6250. Still, medium price lean closer to 6250 with each day, making the movement further down more probable. Fundamental support stays shallow, so there are not many factors that could contribute to the growth right now. For today: overall state is bearish, support is 5750 - 6250, 6600 is the closest resistance. To change the bearish state, we will need to see the price going above 7000. Today forecast Trading in the 6000 - 6600 zone. Fall below 6250 – bearish signal. Latest news SEC suspended trading of USD-linked ETNs from XBT Provider “The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) commencing at 5:30 pm EDT Sept. 9, 2018, and terminating at 11:59 pm EDT Sept. 20, 2018.”- @SEC_News The US Securities and Exchange Commission (SEC) has ordered the suspension of trading of dollar-tied exchange note (ETN) Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF") from XBT Provider AB in the US market. The stated reason for this decision is the alleged confusion of market participants about the nature of these instruments. SEC stated that some broker-dealers who applied for opening trades in crypto-currency ETNs called them crypto-currency ETFs. At the same time, the issuer of instruments characterizes them as "certificates without equity participation". The restraining order will last until September 20. Recall, that CXBTF and CETHF were listed at the Nasdaq Stockholm stock exchange in August 2018. And the first bitcoin-based security from the XBT Provider called Bitcoin Tracker One (BTO) was released in April 2015. Which gave markets additional hope about institutional future. With the above SEC decision, the picture will add negativity.
BITFINEX:BTCUSD
by DestinationMoonCrypto
Weekly H&S sign of the timesETN is a strong stock judging by it's excellent income statement and balance sheet. Improvements YoY stay in line with the Warren Buffett criteria for buying a company. This company handles improving energy usage, and let's face it, that's super important. This could be a stock that sees a huge upside, for now the target is around $85. I would assume that it would retrace a little more with the other US indices and be on sale later this summer. It seems like it was a hidden gem earlier. People interested in the electric cars were hot on it last couple years. Now BTC is hot topic and ETN is tossed aside, but this company could have its foot in the right door for a lot of reasons. It looks like a possible head and shoulders forming, to take advantage of lower prices.
NYSE:ETNLong
by biggair
2
BTC LongBTC/USD DAILY CHART BTC along with the majority of the Crypto currencies have seen a significant sell off on 2018. The sell off of BTC had tested the descending resistance level several times failing to break, each time however with the last test of this resistance the price movement managed to confirm a break though this level. Looking at the current charting picture the bitcoin price situation is looking bullish. Looking at the chart we can see that 1) The price movement has formed a double bottom. 2) The resistance level has been broken 3) There is an inverse head and shoulders forming 4) The indicators are showing a buy divergence which refuses to confirm the movement lower. All in all the picture is looking good to reach the first target level of 11 461 which is the 78.6% extension level.
COINBASE:BTCUSDLong
by tradingtechnicals.et
Leveraged ETF pairs: Time decayThis is more of an educational post, but it also serves as a trading idea. Costs of derivatives and manager fees make leveraged ETFs have a dangerous time decay. If trading for periods longer than a day, these kick in. How badly they impair performance depends on the volatility of the underlyings, so be careful when trading these. A more clearly trending underlying makes for a safer leveraged play, so, instruments like QLD/QID aren't as affected by this. You can observe how being short both sides of the coin, can produce a downtrend in the chart, and thus, a safe long term short. Be careful when trading these for longer than a day, and if trading QLD, or QID, be careful with trades held for longer than a month, or a quarter (I estimate that is for how long they can outperform QQQ). Cheers, Ivan Labrie.
AMEX:LABDShort
by IvanLabrie