• On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise.
• However, if the bulls fail to break above the EMAs the downward will resume.

ETN /BTC Medium-term Trend: Bullish

• Resistance Levels: : Ƀ0.00000060, Ƀ0.00000065, Ƀ0.00000070
• Support Levels: Ƀ0.00000050, Ƀ0.00000045, Ƀ0.00000035

Yesterday, June 25, the price of ETN was in a bearish trend. On June 17, the ETN market reached a high of Ƀ0.00000070 and was resisted. The price fell to a low of Ƀ0.00000070 but the bulls pulled back price above the EMAs. The ETN market was on a downward correction to a low at Ƀ0.00000041.  The  12-day EMA and 26-day EMA are now trending southward Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

Meanwhile, as the price fell to a low of Ƀ0.00000040, the crypto’s price is ranging below the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price is likely to rise. However, if the bulls fail to break above the EMAs the downward will resume. 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: Bearish

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 southward .On June 23, the crypto’s price was resisted. The crypto fell below the EMAs and continue its downward 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.

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