Is the bottom in!? Are we heading to the moon!? Let's jump into the charts! If you are following my last ideas on ETN then you will see I pointed out a possible bottom around 40 sats to 30 sats. Looks like we went down to 44 and now heading back up. However, before we blast off to the moon we need to look at a few things. The EMA 21 on the daily chart has presented huge resistance over the past few months and right now we are sitting right under it. We need to break and stay above it if we want to see further movement to the upside. We are also under the .382 fib line which could post some resistance as well. Overall the chart looks good and the volume is picking up, but I do want to see a retest of the bottom just for added confirmation.
*This is not investment advice. This analysis is purely for educational and entertainment purposes.
Awareness618
*This is not investment advice. This analysis is purely for educational and entertainment purposes.
Awareness618
