ETNUSDT could not stop the increase of bullish momentum it experienced today; this is because it was sitting above price resistance levels as at yesterday, and my market prediction was awesomely correct. But, will it continue the bullish movement, or will it reverse from where it is.
Supply levels: $0.060, $0.066, and $0.070
Demand levels: $0.050, $0.039, and $0.033
ETNUSDT Trends: Bullish
The price had an upsurge clearing every barrier along its path, up to the price resistance level of $0.070. The question of if the price will cap there or continue its bullish trend is pivotal, in this discussion. The grand answer will be to stand aside and see if the price will close above this level, so that the bullish trend will move to a new higher high price or if it will reverse from there that is if it didn’t close above the price level of $0.70.
The daily chart portrays a bullish setup that has seen price moved away from the 50 Exponential Moving Average, and the MACD Histogram bars has an elongated bar size that shows a bullish signal.
ENTBTC Market Analysis
The pair is in a rising market mode, it seems to be heading to the next price resistance level, an expected bullish continuation is expected if it breaks from this level.
From the 4-Hours chart is evident that the price is drifting away from the 50 Exponential Moving Average, and the MACD Histogram bars are on the rise, with its signal crossing.
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