Electroneum (ETN) is a project that I have been following since its initial coin offering (ico). It has been an interesting journey with lots of ups and downs. Here is a quick chart.
This last pump was quite epic with a lot of Volume coming into it. The listing on Huobi exchange coincides with this latest push. The recent show and announcements before that saw it take a fall from where it was. Even though it was falling there was a bullish divergence building, looking at rsi.
It is typical after a new listing for a coin to pump and once the fomo kicks in, for it to have a retracement. I suspect that the price will even out soon but for now I have drawn in a short term support and resistance line. If it falls below or above these lines should indicate the next short term direction. Sitting at 160sats currently.
Ill do some updates from time to time but feel free to comment and offer suggestions.
