ETNBTC Price Analysis – July 7
It is important to note that due to low market cap, the ETN price can easily be manipulated and with these projections, the participants may begin to view the ETN as having an overall high risk all year investment option.
Supply Level: 0.00000034, 0.00000038, 0.00000040
Demand Level: 0.00000074, 0.00000057, 0.00000046
ETNBTC Long term Trend: Bearish
The latest smart technical analysis has shown to be a bit more bearish on the ETNBTC by predicting future values and the lower supply zone on the level at 0.00000038 could just be minor support as the pair may see further selling past the level.
Electroneum price today stays towards the demand zone on the level at 0.00000046 with the expectation of a breakout to the lower zone past the level at 0.00000034.
ETNBTC Short term Trend: Ranging
The highest and lowest possible price target in 14 days has also shown the bias for the downside and its target towards the level at 0.00000038.
On the flip side using 30 days, as seen on the 4-hour time frame, the current price of ETNBTC is 0.00000044 and may drop from that level to the lower zone on the level at 0.00000038 and the change maybe -50%.
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