Buy or sell Electroneum – Graphics for Electroneum (ETN/BTC) shows pretty much that his ABC correction done. When filling out the sub waves each, 3, 3, 5 applies pretty well. This is a Flat correction.
It had been beaten until it becomes mush and there are many more that could be achieved by further sales. All sellers have taken their best shots and no more can be given. Such is the sentiment of the corrective basis.
Now, let's see if ETN can return to vitality? Wave C itself has a little curved which indicates the main round as the price pattern formations to look out for (white arrow). Basin phase is where the price is currently located (blue box).
However, a look at how the MACD is ready and ready to support the upcoming impulse wave that will build walls right round the base of the formation. Is this the time to be a buyer or seller ETN? Such answers should be made on its own.
