This is a chart today from the prolific Twitter chartist @cryptobombshell. Whadaya think, impressed?
Why not give her a like or subscribe!
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Impressed? No. That chart implies a long move up. ETN doesnât do that. 
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It is on a daily chart which suggestâs some grinding after c70 sats before the next push to around 110>120, by the middle of August!
Is the resistance around 80 sats that strong or could we push straight through?
I guess the biggest obstacle is the trade history of the sellers piling in, every time we get a modest rise!!
@cryptobombshell does have a good track record though, it will be interesting to see what happens.
Well itâs the 24th of July and ETN price didnât do much other than build some market structure, but things look good from this point.
Weâve just fulfilled a head and shoulders pattern (GREEN) to the down side and that had a 10.8% head height, from the top of the head, to the neckline and from the neckline down to where we are now, that is currently at 9.7%.
We are screaming bullish divergence (PINK) with the RSI and MACD, so Iâm hoping 58 sats holds, but I am expecting a quick wick down to the 55 sat area, seen as this 58 sat bottom keeps getting touched and weâre lacking an increase in volume.
Looking at the daily chart weâre still ok, but if we drop to 55 sats, that would turn what seems to be an ascending triangle with a target of 92 sats, into a descending triangle, with a target of 35 sats. If the descending triangle pattern fulfils, then this whole pump would be classed as a pump and dump and the chart will make the project look like a scam, in the eyes of a trader and the fud would ensue.
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After todays BTC increase, as expected ETN took a nose dive, down below the previous limit of 55 sats, looks like 35 sats is more likely to happen now than 92.
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Would this not be classed as, âexceptional circumstancesâ that could be reversed, if/when BTC stops pumping?
Yeapp definitely demotivating to see.
Though as I have said since we had 118 pushup we will have to retrace back to support sooner or later. It seems, it will be a dragged out process as it usually is for our beloved coin. It pops up fast and with fierce movements til the retracement phaze and catches as many bulltraps it possibly can before finally capitulating.
There is one last bit of TA hope we have for a pushup before being sold off til support again.
And it would be the forming daily bullish divergence.
No target for this potential pump, itâs going to be sold off quickly does it come to fruition. As long as we are under 74 sats we will be bear basically. Pump over 74 sats still bear. Pump over 74 sats with actual volume and not doing it in a single minute candle and we maybe potentially could start looking at reversing trends within the decade.
Only thing that remains is hope, hope for demand. some 2000 USD worth of ETN being pushed out into the market every day and not even that we can sustain as of now.
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Did I read this correctly⌠âreversing trends within a decadeâ?
Where do you see support being in a bearish sense?
Agree with the sentiment re 2000 daily usd but is it maybe too soon for this to be taking effect?
Bearpennant aswell on the chart so anytime here soon I will have my targets fulfilled hopefully! Unfortunately though, they are the wrong sided targets for most of us.
Not much to do really, there is no demand in existance. Top-ups wonât pump our prices as those transactions are nothing else then transactions between 1, 2 and 3 hands back into fiat. Doubt anyone who sells top-ups actually keep their ETN. But what do I know.
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support is roughly in the regions of 0.004USD. Most and furthest traded activity there in those regions.
Well honestly, weâre sitting on support at 0.0055 USD aswell. Fairly strong that is also.
But I just think we need to backtest the low supportive regions.
The furthest USD chart on ETN in existence.
Dec 2018-> today
1W chart
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Seems like the BTC surge was the catalyst of this big drop. Slightly disappointing we havenât had a bounce back up like most of the other alts though yet. Maybe ETN is just lagging behind a little.
Nothing what so ever to do with BTC IMO. It was fairly obvious we was gonna go back to 46-48 sats in the bare minimum. But the fact that BTC pumped whilst we capitulated gives us a even further lower BTC target for the USD value to retrace into itâs targeted regions. Thatâs why i barely care of ETNBTC pairing as everyone who has ever bought ETN knows what USD value the coin was at that time, BTC value can fluctuate 100s% with the USDETN value remaining the same.
I think we can completely ignore the whole broad crypto market as we are not involved within the current crypto community. And they sure wonât get involved with us either.
Though, do I think 42-46 sats will be broken? It really shouldnât.
What is important is that the USD chart can remain its 2 year support.
We have had 3 years of involvement within the cryptospace, and we had a couple of months @ launch where crypotspace liked us. I doubt any major % of crypto people will ever look our way again. That bridge is closed, gone and spread with poisonous instantkill gases.
I have also said this a couple of times before. The ETN coin value really doesnât have to be worth more then 0.005 USD. It can be worth 69K, or 0.00001USD, the project will work out exactly the same regardless of what the price of ETN is.
Though, one would think that it is better for the project does the coin value increase to some greater numbers, but honestly. That wont happen unless we get new investors coming into the scenery. And where do we find them? Also no idea, apparently not the route the team is taking right now. But their focus is on adoption and not price.
With greater adoption we could potentially see price rise, but It isnât a guarantee. I doubt anyone of the partners is actually holding onto much of their ETN paid top ups. But on the other hands, do they hold. We should be seeing some price action to reflect that within the coming months. As I have been watching the blockexplorer and on every page there is really an asthonishing amount of topups going through every hour, every day.
All I really got to say right now is that Iâm happy to see so very many top-ups actually coming through every hour. Quite epic I must say.
BTW not an financial advisor.
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And to put some pictures into context. We are either leaving the bearish pennant right now, or likelier we are continueing the pattern as a triangle.
Both scenarios are bearish in pure TA terms.
And both patterns coincides with my months upon months old target. I wonât be satisfied until i see 0.004 USD on the chart.
As you can see, we left the bearpennant, and we backtested the support from it and was rejected.
Triangle still in play, and a triangle have since my day and age always been 100% bearish breakout.
Best of luck everyone. Personally I must admit, im getting burnt out. I want the team to list us on exchanges that is NOT manifested with bots and pumpetitions.
As long as we let the bots dictate our price we will never be able to push up as the bots are programmed to sell off for profits, and without actual flooded investors joining in. The bots will win this market.
Sorry for long posts, sorry for negative attitude. But it is due time we get an actual real exchange, I donât even understand why we are not listed on either of these exchanges coinbase, binance, kraken, digifinex,gemini. Will any of these help price, not exactly. Will it help for people that might want to invest. Definitely. Will it help traders? Definitely. Will it be of benefit for the project? Definitely.
Could add that this is what Iâm looking at for a longer time period. Which is looking much more nice compared to the more immediate times.
1W chart
Not an financial advisor, definitely not an expert on markets, all I say is purely my thoughts and my beliefs.
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I belive definetly our price will go up when remaining of 3.8 billion coins will go for circulation⌠but not sure how long it takes. Hopefully the company will try to change crypto community (investors) mind⌠for positive way of seen ETN. As far as I understand part of phase 2 will focus on that.
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1W chart
Letâs see if weekly wave 3 will validate throughout next month.
Roughly 0.02USD target for wave 3, and wave 5 should make us run above the parabolic runup we had when instant payment went live.
1D chart
It would be good for the community of ( crypto ) if we somehow could validate wave 3 in the coming week or 2.
Not financial advice 
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You seem a little more upbeat Winky⌠good to see 
As you say, the catalyst last time was; a) the insta-pay and b) think it was the first time the price had pulled back to ICO of roughly $0.005. The catalyst for the last pump seemed to be price, in as much as it had dropped all the way to lowest ever price of $0.0018, or thereabouts. As my old grandad used to say⌠if it gets any lower, it will drop off the coupon!
What will be the catalyst this time? Not the lowest ever price we have had and the double halving has come and gone, (had a bit of a run up to 72 before dumping to where we are now). You still think we need to get to roughly $0.004 before a reaction?
I would be chuffed if the charts play out, but we see so many of these for ETN that come and go.
Anyone else have any thoughts?
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Iâm still holding my thumbs that we will see 0.0045 USD before we can attempt to fulfill leg 3-4 and 5 on the weekly frames.
The reason for why i WANT to see it is because then I have successfully called the peak, retracement bottom,retracement peak and the bottom for the continuation of the run.
Looking at my above post, you can see also that the triangle formation is ending pretty spot on at 0.0045 USD which is my MAIN target for pullback. A lucky scenario for buyers they can see a wicker in 0.004, but the fact that we have actually left the triangle and just trailing it downwards since tells me that we are not finding good momentum yet, we can expect a decent wick to the downside. Would we have remained within the triangle still the wick would have probably been a full closed bar instead.
I will try and find some pictures that tells you in more specific why I have been bearish for so long.
This picture tells us exactly why there is such a huge struggle to break up here. Look at this resistance. Years upon years of resistance and weâre riding it right now.
I keep so many pictures so I really couldnât find what Iâm searching for, had some extemely detailed pictures. But luckily I could find atleast some minor ones from a PM discussion I had with someone 
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I hope your last two calls come to fruition, (bottom at 0.004>0.0045) and run above the insta pay pump, which is memory serves me was around 0.025 - but I will be more than happy with 0.002 
This is ETN though, anything can happen 
Thank you for the analysis.
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Definitely anything can happen. Nothing is written in stone. Do I think we will get a leg 3? Yes.
Am I depending on it? no.
Do we deserve it? yes.
Am I expecting it? honestly, I was bomb secure we would rocket off 0.0045 when we got there again.
But as per usual, the longer the market drags out, the more you doubt it.
So as per emotional feeling Im thinking down more more more.
Emotional feelings usually doesnât come to fruition though.
We are definitely oversold no doubt about it.
Not financial advise
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