ELECTRONEUM (ETN) Re-Launch Tomorrow, What Might Happen to ETN Price? Here is my take!
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SUMMARY
Electroneum (ETN) shows a clear a,b,c,d,e pattern and labels! I believe the propensive for price is to break upwards if the last e wave sits on the bottom of the triangle line. Price is doing exactly that! So, with tomorrow's re-launch, price could SURGE!! $0.1654 Targeted...or MUCH HIGHER!!
The ETN/BTC pair is EXTREMELY bullish!! Check out the Cup & Handle Pattern! It's complete and the impulse waves 1 and 2 are in. Note also the BULL FLAG pattern..BULLISH!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I see Ferraris of Red, yellow Lambos too, I see them vroom, for me and you, and I think to my self, what a wonderful coin... and i sing to my self, @haejin thank you...
I see it's 50% down since re-launch
:(
Good thing I scaled in,only went 30 USD on this trade...Wonder if I should load up on electroneum now...Maybe...
I love this. I've been mining this.
Can you share details of how do you do it?
Google Electroneum Mining or go to Electroneum page
If you go to whattomine.com, you'll find a list of coins with links, and you can click the link for Electroneum, which will take you to its website, where there are download links. There is a desktop graphical user interface miner for Windows. You can also find links to the websites for most coins at coinmarketcap.com. Good luck!
Thanks drexcito.. will look into it..
Hello Haejin,
The people who had the tokens bloked on wallet dumped them but now the price seems bottomed at 0.05
Could you do please an update?
Thank you!
great news! the only thing i dont understand is how it is trading? i invested in this ICO and then once it got underway it shut down and had to do a bunch of security stuff. so how can it be traded if it wasnt available at the time?
Well there are folks associated with the team who have been mining it and those coins are getting traded on exchanges. So normal folks like us who put money in the ICO did not get anything yet. I believe the team when they say they had security issues and had to prepare better. I'm not sure if the coins trading without investors ICO getting it first is a good thing, as there was good publicity which made the price go up. I guess we all paid less than 1 cent for a coin and in USD terms it is trading much much higher right now. When they distribute coins to ICO investors there is going to be lot of coins trading and the price should drop down momentarily though, but if lot of folks do hold and wait it should follow the pattern he is describing! Hopefully :)
Aram1231 anyone can mine ETN, not just people associated with the team. The ETN on the exchanges are from mining.
but how can you mine for them if its bin down this hole time?
i put money into this ICO (cant remember how much) but I got something like 12000 ETN tokens
It is being traded on Cryptopia
I agree, the desktop mining being possible is what I heard. But I could never login as well to download 'electroneum miner' to my PC as it was only available after logging in. Maybe it was available for a short time, but my guess was that folks part of the team or connected with them were able to access the miner to start the mining process as part of testing work and they were selling the coins in Cryptopia. However [-]piesarkin says anyone can mine, so maybe it is true. I will let him clarify further
Thanks for correcting! My answer was based on what I heard when it initially got listed in Cryptopia. I did not think of regular miners using PC/GPU mining this as I thought it may not be all that profitable at this point. The main USP was electroneum can be mined via mobile phone app and I don't think it is available in app store or android store. My bad!
ok. i havent seen the app for IOS, but I got an email from them today and I think he said in 2018 there should be an app for android and IOS
shouldnt price go down with wallet release?
Any thoughts on longer term. If its jump gonna pump and dump, ill sell as well and buy BTS with it.
Although if looks good longer term, might hold- I dont see enough info for my own experience to work it out...I think this one could go either way
Had bought a few etn and been waiting patiently for the re-launch. But with so many tokens given away for free, there is this talk of it being dumped.
good analyze @haejin.
Nice analyze
I think it will be much higher.
thank you so much that is good news. I agree I think ETN is going to take off after the anticipation...
I’m waiting to get in on it. It’s much to early for me right now
Too early to make profits?