ETNBTC Price Analysis – July 13
The upward move on the ETNBTC is anticipated on the coin as inflows project the momentum for a more upward rise to test near term barriers as price moves around the level at 0.00000057.
Supply Levels: : 0.00000034, 0.00000038, 0.00000046
Demand Levels: 0.00000099, 0.00000074, 0.00000057
ETNBTC Long term Trend: Ranging
Although, after climbing high the pair sees a retracement from the demand zone on the level at 0.00000057 bringing price towards the level at 0.00000046, otherwise a breakout may occur while the price may surge upwards but it remains in a ranging structure.
Yesterday’s bullish move marks the second time in 5 days DOGEUSD recorded a high spike in price past the demand zone on the level at 0.00000057.
ETNBTC Short term Trend: Bullish
A top structure is registered on the 4-hour time frame and the candlestick pattern forms a doji signaling a temporal stall while retracing from the demand zone on the level at 0.00000057.
ETNBTC may likely end the day with an indecisive close, as neither buyers or sellers were able to gain full control, although overall short term trend shows its bullish in the short term.
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