ETN Technical Analysis Society


#1719

that’s what I’m saying too. hitbtc has big overall volume but low etn volume. why a less overal volume exchange would bring any change?


#1720

Hey Tika, pretty much. There always seems to be resistance/supports near the whole numbers too 180, 190, 200. Looks like we have reached up to the 2nd line ive drawn, 177 some bigger sell orders after the 180 atm.
Im trying to figure out where it might retrace after the push. Maybe 187 which would be the 61.8% on the fib retracement from the last peak.


#1721

dunno either :smiley:
its just people are insane hahaha


#1722

Now we just need BTC to blow past $4200 :slight_smile: hehe


#1723

if this new exchange has a Chinese branch and Ch people have bigger trust there and Ch ppl know etn then the buying can be bigger -> price will grow


#1724

i like how you think, lets hope for that


#1725

Lets just see if it hit the 1.618 (185) or the 1.786 fib line, then we can determine the retracement from there?


#1726

tika can you post a photo of that , hehe im not TA guy but i really appreciate what all you guys doing in here , thanks


#1727


#1728

Must have sucked to tradesell on 152 :joy::joy:


#1729

I guess the S means support but what do the 2 R’s mean?


#1730

Sorry, that is lines/zones that indicate resistance. Every time we break through this resistance areas, they become the new support. Hope that make sens?


#1731

So support around 169 and first resistance around 191 level - got it :slight_smile:

We seem to be struggling to break through the 176/7 level right now though.


#1732

Try to look at this way, maybe it will make sens? All impulse waves (3 of them - 1.3.5) go up and the corrective waves (2.4) will go down. So we just have to see, I do not think we are at the end of wave 3 yet. Aiming for at least 185?


#1733

@Tika Is there a typical timeframe for each wave?


#1734

No, not really, wave 1.3.5 is usually quick, 2 and 4 time wise take longer.


#1735

Huobi is live and trading at a premium price. Just jumped to 210 sats.
Volume is insane at the moment.


#1736

Wow Kucoin followed!!! OMG I just passed out on the floor!!! IN FLOORFOMO!


#1737

There is profits to be made. Watching the 1min we get jumps from like 20%.


#1738

yesterday is my first payout from cloud mining ,with 156ETN :smiley:
now Richard give me a reason where to use this coins, send it to Houbi :blush: