Electroneum Price Prediction Today: Daily (ETN) Value Forecast – July 31

  • 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.

ETN /BTC Medium-term Trend: Ranging

  • Resistance Levels: Ƀ0.00000060, Ƀ0.00000065, Ƀ0.00000070
  • Support Levels: Ƀ0.00000040, Ƀ0.00000035, Ƀ0.00000030

Yesterday, July 30, the price of ETN was in a range bound move below the 12-day EMA and the 26-day EMA. The  EMAs are horizontally flat coupled with small body candlesticks indicating that price is in a sideways trend.

However, the crypto's price is characterized by small body candlestick  like the Doji and Spinning tops which described the indecision between the buyers and sellers at the current market price.  The  price will continue to range below the EMAs as long as the small body candlestick  dominate  the chart.

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 below 20% range. This indicates that the price of ETN is in a bearish momentum and a sell 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 likely to fall. However, the ETN price is in the oversold region of the daily stochastic but below the 20% range. This indicates the price is in a bearish momentum and a sell signal.

Live Electroneum (ETN) Price:

1 ETN/USD =$0.0059 change ~ 21.33%

Coin Market Cap

$59.79 Million

24 Hour Volume

$950.55 K

24 Hour VWAP

$0

24 Hour Change

$0.0013

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

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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