Buying or Selling Electroneum - Graph for Electroneum (ETN / BTC) shows enough that the ABC correction is complete. When filling each sub-wave, 3.3,5 applies quite well. This is a Flat correction.
It has been beaten up to be mush and there is much more that can be accomplished by further sales. All the sellers have taken their best shot and nothing else can be given. Such is the basic corrective sentiment.
Now, let's see if ETN can return to vitality?
C wave itself has a slight curve that signifies a major in round price formation as a pattern to watch out for (white arrows). The basin phase is where the current price is located (blue box).
However, see how the MACD is ready and ready to support impulse waves to come that will build the right wall of a rounded base formation. Is it time to become a Buyers or ETN Sellers? Such an answer should be made on its own.
