• In retrospect, 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.

ETN /BTC Medium-term Trend: Bullish

• Resistance Levels: Ƀ0.00000060, Ƀ0.00000065, Ƀ0.00000070
• Support Levels: Ƀ0.0000004 0, Ƀ0.00000035, Ƀ0.00000030

The price of ETN is in a bullish trend. The bulls have broken the 12-day EMA and the 26 -day EMA  to reach the bulish trend zone and retest  the Ƀ0.00000070 price level. The ETN price is above the EMAs which indicates that price is expected to rise. In retrospect, 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 moving averages were trending northward indicating that price is rising. On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise to retest the Ƀ0.00000070 price level. However, if the bulls failed to break the EMAs, the crypto will be in a range bound move below the EMAs. Meanwhile, the price of ETN is in the oversold region of the daily stochastic but above 40% range. This indicates that the price of ETN is in a bullish momentum and a buy signal.

ETN/BTC Short-term Trend: Ranging

On the 1-hour chart, the price of ETN is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s price is fluctuating below and above  the 12-day EMA and the 26-day EMA indicating that price is in a sideways trend. However, the MACD line and and signal line are above the zero line which indicate a buy signal.

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