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Care to explain? Thanks
Sorry forgot to do the enter button on explanation 
Little arrow bottom left, is where we are right now, so from here we will complete the up to 1st stop, then the down part, to go up to the snd stop. This is called fractals, a sequence of repetitive movements within a range (flag). Hope it make sense?
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2nd stop at over 50 sats? Hopefully you are right.
Sadly, not even great news/announcement moves etn price anymore.
Yes, 52. Lets hold thumbs?
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At this point in my etn journey, iām numb to the downwardprice movement already. If it goes to my target prices, then good, if not then i have no choice.
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Thankās for the update chaps.
@Cryptoman976 moving averages are around 43/44?
Presumably the biggest hurdle with all this TA is us getting enough buyers to push through. It seems to me that everyone wants to buy ETN on the cheap and almost seem to relish the opportunity of being able to buy even cheaper. Makes me wonder when this way of thinking about ETN will turn around!
Yes, somewhere in that range.
People always want to buy cheaper, but without outright going to zero I canāt imagine how much lower we can go. The natural progression of any market is down. The only reason they go up is because of demand. No demand, no price. Right now, there is no demand within the market itself. There are a multitude of reasons for that, but hopefully the company gets their legal document to rectify the bigger reasons. No matter what, I am holding. I have iron fist hands.
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What sort of demand do you think there would be on US exchanges?
I honestly canāt say right now. But it would provide a ton of liquidity while allowing the largest crypto investing country in the world access to the coin
I guess it is only ābeneficialā liquidity, if anyone wants to buy, otherwise it can hurt the price more than it can help - just like BiKi and the other before it. Would you agree?
Yes, liquidity goes both ways. But opening ETN to the US will help with volume none the less.
I would refrain from comparing anything to Biki. That was, in my opinion, a horrible āpartnershipā that allows only USD pairing. Donāt get me wrong, pairings are good, but in the world of crypto you need to have a BTC pairing as a base line. All the Biki āpartnershipā did was give Biki a bunch of trade fees for their gain. It did nothing for ETN at all. Add a BTC pair and that would be a step in the right direction.
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Well we get atleast one new record for the market in these rough days,
BTC broke out of all time high volumes on the (Coinbase) pairing.
Stay safe
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With all the craziness going on with the global pandemic, ETN TA is not high on the priority list. But a break from the worries of the world every once in a while is goodā¦granted this post isnāt really a cheerful one at the momentā¦
Following up from my post 6 days ago, ETN has continued down the channel it has been in since November 28th. All eyes are on BTC right now (as they have been for quite a while now) and until hat changes, or ETN has a break through that canāt be ignored, I see the momentum to be carried down to the ATL satoshi value at minimum. It tried really hard to break out but touched the red resistance line almost exactly before falling.
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Update 4 days later:
ETN has hit the lower yellow support line and has simply been sliding down it with very little action as it moves toward the satoshi ATL. Slowly but surely it appears to be on a collision course with that target. What happens from there is anyoneās guess.
One thing is for sure, the team has been EXTREMELY quiet. I donāt know if itās because they are busy, waiting on their legal paper or everyone is simply stranded at home due to the global pandemic. All I know at this point is the silence is deafening, but Iām still a big believer and supporter. Assuming we hit (and go below) the ATL satoshi value, I will be dollar cost averaging in. Because at that point weāll be able to say there has never been a better time to buy from a value stand point.
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aaaaand, weāre there.
In America, Trump signed the $6.2 Trillion relief bill which will act as rocket fuel for Crypto. Just about everyone in America will be getting a check. I canāt speak for anyone else, but mine will be going directly into BTC with a portion of that BTC going into ETN as we are now matching ATL sat values on Kucoin.
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I think we should get a spike up before people have that money. Most people wont even spend it immediately. They will just keep it for better times and then probably release it to the market all at once creating some type of inflation that cant be stopped.
Iād also say buy crypto. If not nowā¦ then when ???
Also the same is happening in germany. Companies get free money from the government (freshly printed ofcourse)
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We have new ATL on Kucoin at 31.50 sats and are testing the bottom of the downtrend support channel. There seems to be zero interest in buy volume. Iām not sure how long that support can last before a capitulation, possibly to the low 20 sat range.
Iāve zoomed in for a better look:
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Yup new Alltime low. And close to original target of rising wedge. The trade in between didnt work, but at least got stopped out without a loss. Now we are waiting for signs of reversal in volume and patterns (double bottoms ie.).
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