ETNUSDT trade ideas
ETN Potential Entry Not Financial Advice. I believe ETN from here has the potential of an 8x minimum. Old All time high is $0.20 so if we did a full 4.236 Fibonacci extension we could see prices in the mid $0.80s. We have see plenty of cryptos involved with DeFi explode. They just updated the blockchain so its public which allows them to add Smart Contracts and eventually DeFi. In addition to that the CEO of Electroneum is working with People from Ripple and Quant on the Digital Pound. As long as it holds above support and breaks out we should see it head to $0.04 soon
ETN curved channel and trajectoryThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
The trajectory for a BULL run is highly probable due to accumulation, magenta channel scope and downtrend momentum ending. By oscillation price is gathering a strong potential for a big LONG position.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
$ETN- ElectroneumNFA: Have been shilled this asset for sometime.. Looks good to dig in at the moment with that temptous double bottom bonce right where my fibs level at.(Not a Fibs lover tho') I am a bit concern about those buyers price rejection wicks at the top..Hate seeing those on top but love seeing them below..LOL!
Prolly have some likely support retest down to 0.0209 and if btc let up,i think it will do some run up
ETN Channel Opportunity (update)This is a short trajectory drawing "prediction" for ETN with some calculations for a LONG run. On a bull market this coin has a long way to go and it's still starting up.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
ETN to .05 before AuroraWhat I can see in the chart is that we are going to .05 before the aurora update and we are going to have another week or two before the update. I can see the #ETN price shooting to .09 / .12 before the update and turning the upper orange trend, the biggest resistance since ETN launch, as support. If so, we can make it to.50 for the market cycle top easily.
ETN Alive & Kickin' Like An Old Dog With New Tricks ETN has been showing a lot of strength lately.
Want to make this post for the history books.
This was an ICO I invested in in 2017 and never sold.
I saw what it could do in terms of parabolic blow off tops but I did not take advantage of the gains.
I have since learned a lot about investing and trading specifically cryptos.
So when I saw another opportunity to invest at the same price as ICO 2017 I doubled down on my initial investment.
In the near term I expect ETN to retest the .04 cent local high and break above that.
I think we will then take a shot at much higher resistances.
Aside from speculation much can be said of ETN fundamentals. The company is sound and making powerful moves within AML/KYC compliance. ETN can boast one of the largest user bases and real world operability within Anytask.
Theres great opportunity in trading this asset but also investing for the long term.
Most will not believe in the potential but thats how it always works with the big winners ;)
My Opinion Only.
Not Financial Advice.