Electroneum Price Prediction Today: Daily (ETN) Value Forecast – July 1
- On June 18, the bulls were resisted and ETN market was on a downward correction to a low at Ƀ0.00000039.
- On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise.
ETN /BTC Medium-term Trend: Bearish
- Resistance Levels: Ƀ0.00000060, Ƀ0.00000065, Ƀ0.00000070
- Support Levels: Ƀ0.00000045, Ƀ0.00000040, Ƀ0.00000035
Last June the price of ETN was in a bullish trend after a long period of a bearish trend. In the first two weeks of June, the crypto’s price was making a series of higher highs and higher lows. On June 17, the ETN market reached a high of Ƀ0.00000070. On June 18, the bulls were resisted and ETN market was on a downward correction to a low at Ƀ0.00000039.
The 12-day EMA and the 26-day EMA are now trending southward indicating that price is falling. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. If the bearish pressure continues, the crypto will reach the low at Ƀ0.00000035.
On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise. Meanwhile, the price of ETN is in the oversold region of the daily stochastic but below 20% range. This indicates that the price of ETN is in a bearish momentum and a sell signal.
ETN/BTC Short-term Trend: Bearish
On the 1-hour chart, the price of ETN is in a bearish trend. The 12-day EMA and the 26-day EMA are trending horizontally. On July 1, the bulls reached a high of Ƀ0.00000046. The crypto s price fell above EMAs and commence a range bound move above it. However, the ETN price is in the oversold region of the daily stochastic but above the 20% range. This indicates the price is in a bullish momentum and a buy signal.
Live Electroneum (ETN) Price:
1 ETN/USD =$0.0118 change ~ 0.28%
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