ETNBTC Price Analysis – June 17
The pairs latest position has been confirmed by moving average for the uptrend move towards the bull region, where buyers may move more in control as exchange participants have the pair stuck to the upside.
Demand Levels: 0.000000099, 0.000000076
Supply Levels: 0.00000044, 0.00000030
ETNBTC Long term trend: Bullish
Over the past few hours, there has been some minor bullish momentum forming where Electroneum is concerned.
Although offsetting the BTC losses is still considered technical, it would appear the Electroneum price is gaining slightly; the pair has remained in bullish momentum.
ETNBTC Short term trend: Bullish
A rising wedge has been discovered earlier and this is in confirmation with the moving average crossing on the level at 0.00000061. Looking out from here for a possible spike up, while buyers get into the trend for the opportunity it offers.
We believe caution should be applied as the required volatility is just gaining momentum. The upward trend is already in play and more positive sentiment is needed for increase volatility to activate the uptrend.
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