ETNUSDT has done wonderfully well within the week, since meeting up a bullish price barrier. The market bullish rejection could not be compromised, thus the bears step in, but the market seems sitting on a resistance that might mare the bearish trend.
Supply levels: $0.060, $0.066,$0.070
Demand levels: $0.050, $0.039,$0.033
ETNUSDT Trends: Bearish
The crypto had an increased bearish velocity, during the week, and this was due to the price inability to break the price resistance level of$0.070, hence the bears took over from there, and the price has fallen close to the price resistance level of $0.050. And this point will be a major determinant for the bears, because the market might set in for a correction, or reversal or the continuation of the bearish trend, and that is if the price breaks below this level, so the bearish movement is still negotiable.
The daily chart is indicating that the price is sitting on the 14 and 50 Exponential Moving Averages cross, also the MACD Indicator signal line is about to cross for a bearish signal, and the Histogram bars are slopping down for a bearish call.
ENTBTC Market Analysis
ENTBTC has been up and doing in the bearish drive, the coin has been experiencing an accelerated bearish movement for days now, and it looks poised to hit the next resistance level, to decide if it will continue the short drive or reverse for a long trend.
The 4-Hours chart indicates that price is below the 14 and 50 Exponential Moving Averages, and the price is have drifted away from the EMAs. Also, the MACD Histogram bars are indicating strong bearish signals.
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