SUMMARY
Electroneum (ETN), having hit a high of $0.22, has fallen to all time new lows. The chart below maps out a clear ABC flat trajectory and given that the correction has not yet completed, the sub penny level is realistic.
Even at the precipice of making an entry into the sub penny zone, a divergence can be seen between price and MACD. Price has been hitting newer and lower lows while the MACD has be rising and putting in incremental higher lows. This divergence doesn't last forever.
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Hi @haejin what do you think would the long term potential be for ETN? Would it ever recover to above $0.10?
Hi @haejin
Excellent article. I subscribed to your blog. I will follow your news.
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Good luck to you!
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