ETNBTC Price Analysis – July 3
The pair is without the required volatility to boost the momentum to the upside area for a bullish run on the ETNBTC pair for the near term activity.
Supply Level: 0.00000034, 0.00000038, 0.00000040
Demand Level: 0.00000074, 0.00000057, 0.00000046
ETNBTC Long term Trend: Bearish
The ETNBTC remains burdened by the bears and it is currently on the level at 0.00000042, while that is a positive addition towards the upside area.
Traders await the bullish activation as it is important to note that the required momentum to the upside region requires more liquidity which is lacking at the moment as the pair stays flat.
ETNBTC Short term Trend: Ranging
Although a ranging position is identified on the short term frame of the 4-hour chart, the pair’s bias is to the upside zone with the RSI pointing towards the overbought region.
The current market scenario shows a slight move to the upside area due to the bounce in price on the supply zone on the level at 0.00000038 and has long as its next supply level at 0.00000034 holds, the pair looks to the upside zone.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results