The 18-minute video shown below a provides helpful explanation of what’s coming next for Electroneum (ETN), a crypto currency based on block chain technology.
With hundreds of new crypto currencies offered in the past few years, Electroneum has been one of the most successful ICO’s (Initial Coin Offerings). Their rapid growth has created problems for the young company, such as locked accounts and transactional failures, which had to be fixed before they could continue their expansion plans. Electroneum is offering an alternative payment system, so it’s important to have it all working smoothly before expanding to new markets.
Currently, Electroneum is available only on one exchange, Cryptopia, but the owner of the Minting Coins YouTube channel believes Electroneum is now close to resolving their technical problems, which means new exchanges and new partnerships will be announced soon. He believes new exchanges will be announced by January 11, which might include major exchanges like Binance.com. The added exposure is expected to attract new investors, causing the price to move up.
The price moved up from a high of 8.8 cents on January 4 to 22.9 cents on January 6 (Source: Coinmarketcap.com), an increase of 14.7 cents. Since then the price dropped back down to a low of 15.4 cents yesterday, which was almost a perfect 50% retrace. The price is currently 16.9 cents.
The recent price surge confirms Jim Reeve’s interpretation of a vision I saw on December 24 showing a light gray rectangular box with two numbers in it. On the left side, I saw 7.5% and on the right side was 13 cents. Jim Reeve’s interpreted 7.5% to mean the price would move up in equal increments 7.5 times. The size of the increments was unknown at the time, but we now have the benefit of hindsight to know the price moved up about 13 cents, which is the number I saw on the right side.
When I saw the vision on December 24, the price ranged from 8.5 cents to 10.0 cents, so adding 13 cents would put the price in the range of 21.5 cents to 23 cents, so the recent high of 22.9 cents fits in that range. If this pattern continues, we could see Electroneum prices reaching the following levels:
- Level 1 – 21.5 to 23 cents
- Level 2 – 34.5 to 36 cents
- Level 3 – 47.5 to 49 cents
- Level 4 -60.5 to 62 cents
- Level 5 – 73.5 to 75 cents
- Level 6 – 86.5 to 88 cents
- Level 7 – 99.5 to $1.01
- Level 7.5 – $1.06 to $1.07.5
For now, this is just a theory that might or might not hold up, but it gives us something to be watching in the days ahead. It does not negate any of the higher prices revealed to myself and others, such as $62.25, but might show how the price moves initially. Another interesting pattern to watch is the 50% retrace.
Thanks to Z3er Matt for sharing this video.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.