Electroneum Price Prediction Today: Daily (ETN) Value Forecast – July 22
ETN /BTC Medium-term Trend: Bullish
- Resistance Levels: Ƀ0.00000060, Ƀ0.00000065, Ƀ0.00000070
- Support Levels: Ƀ0.0000004 0, Ƀ0.00000035, Ƀ0.00000030
Yesterday, July 21, the price of ETN was in a bearish trend.The bearish trend was from the recent resistance at the Ƀ0.00000060 price level. The bulls have earlier been atttempting to break the Ƀ0.00000070 overhead resistamce level. The bearish trend is about breaking the 12-day EMA and the 26 EMA to reach the bearish trend zone. On the downside,if price is below the EMAs, the crypto's price may likely fall to the previous low of 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 bearish trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. 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.
Electroneum (ETN) Live Price
1 ETN/USD =$0.0104 change ~ 6.47%
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