ETNBTC Price Analysis – June 20
ETN continues to march downwards to the crypto’s abyss, though earlier it is the bulls that reared up to give shine to the pair, but looking at the near term we could have possible retrace.
Key Levels
Demand Levels: 0.0000008039, 0.0000007032
Supply Levels: 0.0000006001, 0.0000005105
ETNBTC Long term trend: Mixed
The pair may be losing its trend of the week; however, the momentum is not dying out yet. Earlier in the day, the value of the ETN is traded on the level at 0.0000006200.
The ranging position turned south side direction of the daily chart and about to change the market sentiment. We remain neutral for the day.
ETNBTC Short term trend: Bearish
On the flipside of the short term chart analysis, a more analytical clarity is brought to bear and showing a stall after the fall from the level at 0.0000008039 through the level at 0.0000007032 and a bounce off the level at 0.0000006004.
We will be expecting a decisive break downwards that may change the sentiment and turn the trend bias to bearish and down to the level at 0.0000005105.
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