ETN Technical Analysis Society

Just like a roller coaster ride. One second at 230, the next at 213!!

Yeah people taking up positions and the market trying to find a price after the shocks - 3 so far in the last two hours.

We had two spikes above 200sats to around 250sats and got rejected.
If this continues we will break the 200 sat area.

Volume is also decent. But its not yet a breakout.

grafik

Oh wow.
This news coming out got me really excited. This may push us above 200sats. If there is enough volume we will likely stay above. I dont think news move markets, but if something this big is released while we face a resistance zone it may help to give the volume we need to push further.

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Yeah market got pushed down on small volume over the last few minutes.

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Yeah. I would like to see a quick and sharp reversal in the next hours with another push through the 200sats area and finally support on 200 sats. That would be really bullish.

Other than that I guess we will continue sideways movement.

People are obviously selling the news, hence the drop to under 200 sats, so we are still trying to determine the price and will continue to do so over the coming weeks. I can honestly say the M1 caught me off guard. I don’t know anything about the mobile hardware markets in the unbanked areas, so I can’t form a real opinion. I never thought ETN would get into the hardware game, but I trust the team knows what they are doing. So if that’s the way they think we need to go…then let’s go full steam ahead.

It’s going to be interesting to see how the market reacts this week.

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I think the price to this news might reflect in a week or two… Like last year, it pumped few weeks after the Instant Payment news… What do you think? I mean, news like this is not ordinary in crypto and its interesting that price is falling. Why would anyone even sell now? seriously?

After all, I am mega excited about the future of ETN :slight_smile: this team delivers like crazy :crazy_face::crazy_face::crazy_face:

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KarEnTam We had the spike of the news, now we need the rest of the ecosystem to start working, buying airtime, buying goods, trading, mining etc. This is the stuff that will add to price increase?
We are still inbetween the support and resistance zone, we need to open and close on the daily chart, above the resistance to give us a chance? We will get there, when we do, its going to be fun all the way!

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Asics miners I am guessing. They have people to sell to atm and large stacks. You would think they would let price rise a little more though.

If it was still gpu mined im sure it would be a lot higher.

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I am still convinced we will see a good increase in price. It may be a couple weeks. Instant Payment Beta was released on Sep 10th and the price didn’t really start taking off until the 19th or 20th.

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Unfortunately, on a day I was expecting to feel a sense of fulfillment and justification, I’ve been left with more questions than answers with the phone, partnership and double time “incentive” that isn’t really an incentive seeing they can already get that using their local currency via the company’s app.

Now I’m just confused. I’m still optimistic, but I am most certainly confused. We were first told about the whole double time incentive as a possibility months ago and again today…only to find out it’s not really an incentive at all. Anyone can get it using The Unlimited’s own app using local currency. I’m failing to see how this helps ETN in any way outside of having a gateway for the new phones.

I have full faith the team knows what they are doing and will stay optimistic…but on a day of sky high anticipation, I was left with more questions than anything. Because of this, I will refrain from trying to do any TA on ETN because I think there is a lot of confusion in the market with this product as well.

Interesting times.

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I am going to be honest here, as much as the phone is cool I don’t think it was a good idea. I feel like the time, effort and money could have been spent on the many other aspects of the ecosystem. Not trying to FUD and I still have full faith in the team. Just my two electrons.

I don’t have years of marketing or business experience so take what I say for what it’s worth.

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I am of the same perception. However, I’ve seen a lot of SA people showing a lot of excitement. So that gives me hope. It’s impossible for people in bigger first world countries to really know how big of a deal this is until it affects them. I am certainly in that boat of perception. So I’ll keep my optimism.

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I think in SA, people themself will spread ETN, mouth to mouth…once it starts spreading knowing they can buy data somewhere…boom…

People there are more socialised…

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Are you some kind of wizard? :slight_smile:
Also how did you make pahini blue ? :slight_smile:pahini

edit: hyper link to profile, easy. Nice touch. :slight_smile:

As far as I look at it were creating a userbase, with an incentive.
We seem to be doing that looking at the figures.
As far as my T/A went…im down a little.
I have the utmost faith we will gain back that ground over the coming days.

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I didn’t say it was a huge expense in funds and provided they sell it’s a small profit. I get it.

And now that I’ve digested this news a bit, i don’t think this was necessarily a bad call. Again that’s provided they sell however that pallet didn’t look real big so i guess if they don’t sell, oh well.

That being said, I think the announcement was framed in a way that it could be percieved that it was ground breaking crypto tech vs ground breaking for the fact that it gets the etn name out in a cheap phone the unbanked can afford.

The crypto community is full of fudsters that pounce on stuff like that and spread lies. Kind of what i meant to point out.

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Yes to the last bit.
Unfortunately theyre picking it to pieces right down to how much warranty on the phone.
:chipmunk::chipmunk:

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A bit perspective on all coments, first, please remember. Electroneum’s main focus is to the unbanked? In South Africa…

  • The cheapest cell phone will cost you about $300! Maybe the reason for an $80 phone?
  • Only 4 out of 10 households have a breadwinner!!!
  • The average income per year is $10 872!
    So, for me I think ETN company, know what they are doing, the right time the perfect game plan. I know most of you are feeling deflated about the price? everything wil fall in place, sooner than you thought? Just keep positive! I was frawn to this TA page , because of possitive people, don’t let me down now?? We will get new TA gurus to came to this page lets keep them here, need you to stay positive :slight_smile:
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