• ETN/USD market has been featuring around the ranges of B0.0000005 and B0.00000045 price levels.
• The ETN/USD trade may continue to move in sideways as long as its SMA indicator trend-line remains unbroken northward forcefully from below.

ETN/BTC Medium-term Trend: Ranging

Resistance levels: B0.00000055, B0.00000065, B0.0000007
Support levels: B0.0000004, B0.00000035, B0.0000003

The medium-term trend of ETN/BTC market has been featuring around the ranges of B0.0000005 and B0.00000045 price levels. The current choppy price moving outlook takes effect from July 21 until the present trading time.

The 50-day SMA indicator and the Bollinger Upper Band are now conjointly stationed at the B0.0000005 upper choppy point of the market. The Stochastic Oscillators now point to the north-east below range 80.

It’s believed that the crypto’s value will still trade for a while around the same current range zones. Therefore, there is a need for the cautious placing of positions in this trade for now.

ETN/USD Short-term Trend: Ranging

Range trading moves have continued to dominate the market operations of ETN/USD in the short-term run. Yesterday, the crypto pair featured around ranges of B0.0000005 and B0.00000048 price levels. Today’s sessions haven’t experienced different trend in the same choppy spots.

All the trading indicators, are around the range price lines as the Bollinger Middle Band and the 50-day SMA are near to each other in the middle. The Stochastic Oscillators now seemingly attempting to close the hairs at range 60.

The ETN/USD trade may continue to move in sideways as long as its SMA indicator trend-line remains unbroken northward forcefully from below.

Electroneum:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.