ELECTRONEUM Price Prediction Today: Daily (ETN) Value Forecast – June 27
- ETN/BTC market has been under severe selling pressure.
- Meanwhile, the bearish is expected to get exhausted around B0.0000004 or B0.00000035 mark.
ETN/BTC Medium-term Trend: Bearish
- Resistance levels: B0.0000006, B0.0000007, B0.0000008
- Support levels: B0.0000003, B0.0000002, B0.0000001
Selling pressures have been significantly prevailing in the ETN/USD market valuation presently. A few days, between June 22 and 24 lately, the pair moved in a ranging format outlook characterized with lower lows a bit above B0.0000005 mark.
The market has now been pushing down along with the trend-line of the Bollinger Lower Band to the south. The 50-day SMA is now below the Bollinger Upper Band. The Stochastic Oscillators have dipped into the oversold zone to strongly consolidate within it.
The ETN/BTC crypto-market economy has got drop to ever trade around B0.000004 lowest low point in the market since inception. The bears have not appeared totally done with the pushing of the trade to the south.
ETN/USD Short-term Trend: Ranging
The trade operations between ETN and the BTC in the short-term run have been featuring a chain of choppy price movements around B0.0000004 mark. Yesterday, the pair fell in a slow and steady downward moving manner to the south to briefly move past the B0.0000004 price value of the crypto-trade.
The market has been hovering around B).0000004 and B0.00000035 marks. The 50-day SMA indicator is located over the Bollinger Middle Bands. The Stochastic Oscillators have bent downwards near range 20.
There are indications that the ETN/BTC market will now move in a range around the B0.0000004 and the B0.00000035 price zones for a while. The bulls may try to swing the market point northward after finding a solid foundation around the present range zones.
Live Electroneum (ETN) Price:
1 ETN/USD =$0.0119 change ~ -1.12%
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