Electroneum (ETN) Needs a Dip Lower to Complete Correction

in bitcoin •  7 years ago 

SUMMARY

Electroneum (ETN) is still not yet complete with its a,b,c correction as shown below. The red b waves is an a,b,c,d,e triangle and the c wave subwaves are shown as white impulse 1,2,3,4,5 waves. It shows that white wave 5 is still due. The expected subwaves of the white wave 5 is labeled in blue. The target for probable bottom is $0.042 or so.

The ETN/BTC is forming what looks to be a probable bullish downward pointing symmetrical triangle. However, it is not yet complete. Since wave c always has five subwaves, I've labeled them as white waves 1,2,3,4,5. Wave 3 is completing and so that leaves 4 and a lower low to 5. Once complete at around 127 Satoshi, the bottom could likely be called.

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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.**

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Oh , so I have to wait more to get my major entry, I have bought some today but still not a major entry.

So I will set my buy orders in 125 to 150 range

I want to buy some more btc.. when is the next dip coming and at what level?
Do you share updates for litecoin and ripple???

Btc next dip will be just before 18 december. Before listing of bitcoin futures by CME. Then it will move above 2000. So get in if it dips from 20000 level and get in around 17k to 18k mark.

Btc if break 20k mark then it will just shoot to 25k in no time

True. Some thought there'll be no way BTC hits $20,000 before the end of the year and look at it now...

DIP !
DIP !!
DIP !!!
DIP !!!!
DIP !!!!
BTFD !!!!!!

Keep up the good work

Thanks for the tip my friend :)

Need some advice over xrp and ltc... and were the next dip for btc can reach... pleasseee

Sure my friend, let me help you :)

XRP/USD
XRP.png

LTC/USD
LTC.png

BTCUSD
BTC.png

Good luck my friend 👍

XRP/USD, not a correction, but a consolidation. An ABCDE Triangle one, that is probably over by the way. Next: moving up!

Next move is up for sure, but it looks like its still trying to correct. After seeing what LTC did, patience is profits and making lots of ladders takes the edge off.

Right @demonklyd, it's a consolidation, I'm sorry about that 😅

@haejin - resteemed - seems to be trading up and about to break 9c - any thoughts on direction of shareprice from this point forward.

Casting a ladder, HAEJIN style!

:)

Thanks for everything, Haejin!

How do you decide buying price? Or is random?

Can you do an update on Cardano (ADA) its going pretty well and in accordance to you analysis

Thanks Haejin!

Thank you.

Could you please update Omisego?

"Needs a Dip Lower"
I would like to see other coins dip too so I can buy more.

Hello,

Can you please provide some insight on Dogecoin's growth potential? Is it worth investing in, or is this current pump only temporary? Also, what are your thoughts on Bytecoin (BCN)? Thanks very much for your valuable time and help!

Both Dogecoin and Bytecoin have extremely large total supply's which personally makes me hesitant about the potential growth of the coin. For instance, both coins are already at market caps of > $500 million and are only worth about 4 - 6 cents per coin. However, also don't let this completely deter you as Ripple is in a similar boat and has a market cap just shy of $30 Billion. Also keep in mind that since both coins are in the Top 40 on coinmarketcap most likely they will both rise in the coming months on this pure fact alone. Hope this helps :)

Thanks I bought ETN at 7 cents I will make more than double when the time comes soon. I'm looking to buy more when it reaches your prediction. Bless you Heajin. Your technical analysis for the previous ETN blog was correct too although there was a wallet release. That means a decrease in value. I really admire your technical analysis that's why I bought more when it plummeted and am looking to buy more when it reaches the bottom of around 4 cents.

Keep up the great work!

LOVE YOU HAEJIN ! THANK YOU FOR YOUR WISDOM ON VERGE!

Thanks Haejin... I used TA in Sunday afternoon to spot the moon launch QTUM had. My friends all asked how I knew it was about to boom. TA!

Thank you.

waiting for go up!

Hi @haejin Cardano KABOOM happening now thanks to your awesome analysis

is cryptopia the only place to trade ETN? ive got a bunch of ETN sitting in there wallet when i invested in the ICO and was hoping to trade it, but now i gotta start up another profile on another trading site. its getting ridiculous

It appears only cryptopia at this stage, follow electroneum on FB. They made comment to this recently and sounded as though they will apply to other exchanges but dont expect it to happen quickly, I bought during ICO recently thinking I might sell half when price jumps.. keep half for later on..this one is hard to know plus not much price data either to figure out.
Yes have 5 accounts now, did cryptopia just for ETN! ill sell fro BTC and send out to another wallet, could be good however especially if price increases at same time as BTC dip, getting more BTC value! happy profits :)

Thanks Haejin, you can do a great kaboom update now for Verge.

You are the Elliot waves god father
What do you think of Bitcore BTX

Thanks again my friend, you are the man. Can you do Enjin? Site I follow that predicted the big iota and mana gains recently stated that ENJ would be hitting 0.20 or more very soon. Thanks!!

Where can this go against BTC after the correction?

Seems like wave 3 was actually 3 4 and 5 so bottom is in?!

so I have to wait more to get my major entry, I have bought some today

F284A9 Hey all this is my code of etn wallet, insert it on your wallet settings and maybe we win 5000 etn, if u add me (I can see if you do it) I will send you 5 etn ty♥ image

You should take a look at ETP. It recently broke out of a massive falling wedge. Great gains to be made.

Unfortunately, I believe that ship has sailed as we've already started the upward trend. Anything below $0.09 is history now.

I'm not agree on this analyse. I think that the bottom was 300sat and with yesterday tweet electroneum will hit 800sat in few days

Haejin you're a wizard!!! Thanks!!!