ETNBTC Price Analysis – July 11
Among the cryptocurrencies, the most prevalent activity affects the ETN’s major pair, which is the BTC, and with this technicality apparent then the ETNBTC is not insulated from the market instability and risk limiting the pairs advancement.
Supply Levels: 0.00000034, 0.00000038, 0.00000046
Demand Levels: 0.00000099, 0.00000074, 0.00000057
ETNBTC Long term Trend: Ranging
The price of the pair is currently trading around the level at 0.00000047 and it is experiencing some stable moment as market volatility remains low for its trading activity.
Though still not in a clear recovery path, the ETNBTC through its key technical zones has remained stuck within its range and yet to see a breach of the key zones either to the upside or downside as it trends sideways.
ETNBTC Short term Trend: Ranging
On the flip side of the 4-hour time frame, things are not different and the momentum is similar to the longer time frame but with higher volatility on the short time frame.
Price action for today aligns with the candlestick pattern signaling a near term bullishness in focus for the pair in the medium term trend but as it is the present trend is ranging as both medium and long term is stuck within its range.
Note: Dapplife.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results