Electroneum Price Prediction Today: Daily (ETN) Value Forecast – June 17
- The crypto's price was trading at Ƀ0.00000070 as at the time of writing.
- The price of ETN is above the EMAs which indicates that price is likely to rise.
ETN /BTC Medium-term Trend: Bullish
- Resistance Levels: Ƀ0.00000075, Ƀ0.00000080, Ƀ0.00000085
- Support Levels: Ƀ0.00000065, Ƀ0.00000060, Ƀ0.00000055
Last week the price of ETN was in a bearish trend. The market was on a downward correction to the support level at Ƀ0.00000056. Nevertheless, if the bearish pressure continued, the market would have reached the low at Ƀ0.00000053. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On June 4, the bulls took control of price as the crypto’s price makes an upward move.
A trend line has been drawn to determine the duration of the trend. A bullish trend is said to be ongoing if the trend line is unbroken by price. On the other hand, a trend is terminated when price breaks the trend line and another candlestick closes on the opposite of it. Presently, the bullish trend is ongoing. Meanwhile, the price of ETN is in the overbought region of the daily stochastic but above 60% 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 bullish trend. The 12-day EMA and the 26-day EMA are sloping northward indicating an uptrend. The price of ETN is above the EMAs which indicates that price is likely to rise.
The crypto's price was trading at Ƀ0.00000070 as at the time of writing. However, the ETN price is in the oversold region of the daily stochastic but above the 40% range. This indicates that the price is in a bearish momentum and a sell signal.
Live Electroneum (ETN) Price:
1 ETN/USD =$0.0115 change ~ 4.83%
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