- ETN/BTC market may concentrate its choppy movements around the B0.0000065 median point and the B0.00006 lower for a while.
- The bulls may find their way back into the market if the bears fail to take advantage of the market in its current consolidation moving mode around B0.0000066 and B0.000062 marks in the short-term run.
ETN/BTC Medium-term Trend: Ranging
- Resistance levels: B0.00000075, B0.0000008, B0.00000085
- Support levels: B0.0000005, B0.00000045, B0.0000004
Electroneum market worth has been falling in a range as paired with the US dollar price valuation. Three major market levels are involved in the range spots of the crypto-trade presently. And, they are B0.000007, B0.0000065, and B0.00006 marks.
All the Bollinger Band and the SMA indicators are found around the range spots trending eastwards. The Stochastic Oscillators are now seemingly attempting to cross paths at range 40 to possibly signify consolidation moving mode.
The medium-term range trading zones have come in three variant lines as mentioned in the paragraph above, and the market now seems to concentrate its choppy movements around the B0.0000065 median point and the B0.00006 lower for a while.
ETN/BTC Short-term Trend: Ranging
There has been a line of slight droppings in the market valuation of ETN/BTC today. As against the trading pattern formed as at the end of yesterday’s trading sessions, the pair completed its trend in a bullish outlook. The pair rose from a low point around B0.000059 or thereabout to a high value around B0.000066 mark. As at the time of writing, the pair has been hovering around B0.000066 and B0.000062 points. The indicators now look falling in conformity with the present market’s range direction to the east. The Stochastic Oscillators now attempting to close paths around ranges 40 and 20.
The market line may still go down to test its yesterday’s low point if the bears intensify their force in the consolidation trading spot. However, the bulls may find their stance stronger at the B0.0000062 to push the market northward back to trade beyond around its last high point at B0.0000066.
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