Yea that weird blip that faked a support break out, wicked to almost 38 sats on a market buy. 
Just $5,000.00 will spike it to 38Sats for a 15% gain but unless there is continued follow through it will just dragged back down again, which is unfortunately a continual pattern with ETN. The problem for traders is, that although on paper it is an easy 15% gain, there is not really enough liquidity to capitalise.
In spite of BTC gains ETN has lost a further 15% in sats during the past week. We need a load of ETN fanboys with a Stavros amount money, or some dramatic news from the team - will we get either?
How low will the sat number have to be before enough people think it is now TOO LOW to ignore… my guess is IRO 21/22 sats?
1 Like
I know what you mean. I’m just hoping that in the background we’re gaining traction in far off countries for whom the price has been ‘relatively’ stable this month or so.
certainly feels like hibernation at the mo though.
Not much TA explanation needs to be done here. I don’t know if it’s temporary, but the volume looks decent to suggest it may be a real move…either way, I’m going to smile for the small victory and sign of life:
8 Likes
Well. I’d say it was bound to happen at some point. Lots of liquidity is going to alts at the moment. Many otehr cryptos already had bounces. Lets see if we can build some real support in this area on ETN BTC.
2 Likes
It is decision time…didn’t think this would happen in one day…but I never thought oil would go to -$40 either…but here we are…
3 Likes
Played out better than my target, it was lucky with the timing,
should take profit of at least a few from that trade. Like others
have said low volume, not much liquidity.
For the long time holders a long way back.
Still think it undervalued, compared to other cryptos, we’ll get there.
I kind of wish we could still gpu mine it like the old days 
2 Likes
Remember this fractals?? 
4 Likes
I’m mining eth and exchange it to etn since half a year. you can also mine on thorshammer pool and it exchange your coin to etn automatically
1 Like
yeah we do. Last local high was about 58 SATS.
If this bounce is real, (IMO) I would expect a bounce (short time) up to 0.768 fibs (51 SATS) possible (in a few days) retesting last local high (58 SATS) 
3 Likes
Time frames, not that easy to predict! This fractal spike happened 11/09/2019 - 27/0//2019 (that was the first stop spike I refereed to above) The second spike 29/10/2019 - 29/11/2019. Fractals in nature look alike, but the time will most of the time differ, so long stiry short, one cannot put a time stamp on this?
1 Like
Hi everyone, first of congrats for a long-standing valuable post.
I can count reading through this post as a book
Coming back to present times, what do you guys make of this? is that bullish or bearish?
1 Like
Bullish flag, continuation pattern, bullish long term! Short term, bearish
2 Likes
In your opinion, will it retest the 26sat range?
I do believe this can be a wave 1, then the correction will be at levels 61.8 or 78.6 (fib levels), bounce from levels?
3 Likes
nice TA there BABS, looks familiar 
3 Likes
What exchanges are you guys/girls using?
Im on kucoin at the moment.
Had a look at the chart this morning. Have to wait and see what it does.
Large wick to the upside, not great. Big candle but a strong rejection, there is a lot of supply.
Takes a while to eat through these supply zones, need equal demand.
1 Like
Nice retrace to the .618 with what appears to be a bounce on the 4 hour chart
RSI looks good right in the upper middle region at 53
MACD is converging bullish.
Things are looking good! fingers crossed for a continuation move up (and hopefully through) the long term resistance yellow line above.
7 Likes
Looking at the daily close that officially ended the week, ETN has had a very bullish move after bouncing hard off the .786 and closing above the .382. For the first time in a long time, my mood is swinging on ETN’s price to the bullish side. Over the years, we have seen big unsustained moves up only to drop down lower over time. But this is the first time we’ve seen anything resembling a trading market at all with a continuation bounce in a very long time.
Etn still needs to make a higher high and get over the overhead line of resistance, but I’ll take a baby step of showing some sort of market at all with a little volatility:)
EDIT…right after posting the above, it looks like it’s actually making a move to test that resistance!
If it breaks up and closes the current daily candle, we just might have a reversal…crosses fingers
3 Likes
