After a corrective drive from the initial bullish trend, the coin was able to find its redeem by re-aligning with the bearish trend to break a key resistance level, and the price is currently on a lower low region trying to establish a new key level.
Supply levels: $0.0088, $0.0098, $0.0112
Demand levels: $0.0075, $0.0065, $0.0044
ETNBTC Medium-term Trends: Bearish
ENTBTC has maintained a steady bearish momentum; it has broken every cog on its wheels. And the market is determined to set a new resistance target after smashing the initial key resistance at $0.0044.
In X-raying the daily chart, the price can be seen trailing down from the two widened Exponential Moving Averages of 14 and 50, and the MACD Indicator two signal lines are crossed for a bearish position as well as the Histogram bars that are unwittingly set for the bearish call.
ETNBTC Short-term Trends: Bearish
The Short-term Trend of the coin is a bearish one; the coin has been able to do a corrective movement and is set to continue the bearish drive, to cap in for a new record lower low.
The market price is sailing down below the 14 Exponential Moving Average, while the MACD Indicator signal lines and Histogram are about re-crossing for the bearish support.
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