- The ETN coin chart shows a bullish crossover of the 100 and 200-day EMA
- The ETN/BTC pair traded at 0.0000002955 BTC with a loss of 5.59%
- The 24 hr trading volume in ETN coin is $1.5 Million
After getting rejected from the $0.019 resistance level, the ETN bulls rally has entered a minor pullback phase. This pullback should be a healthy task for this coin to maintain a strong rally in the long run. However, the price is currently trying to take support from the 0.382 FIB level displayed by a hammer candle.
Regarding the EMA’s, the ETN coin is trading above the crucial EMA’s 50, 100, and 200, indicating a bullish trend. Moreover, the chart also shows a bullish crossover of the 100 and 200 EMa, attracting even more buyers in the coin market.
The RSI (BEARISH) value is 47, indicating a bearish sentiment in the ETN coin. Moreover, the RSI line had shown a sharp drop in its value for this minor pullback, indicating weakness in the bullish momentum.
The ETN Coin Crypto In The 4hr Time Frame
The ETN coin has re-established the $0.0138 mark, providing good support to the coin’s price. This level is crucial for ETN as price bouncing off this level will indicate the continuation of the bullish rally. However, on the other side, if it drops below the level, the idea of retracement could be slowly turning to a reversal.
The moving average convergence/divergence(MACD) shows both the MACD and signal line are moving lower than the neutral zone(0.00), indicating a bearish momentum.. however, the indicator chart also shows some faded red bars on the histogram chart.
Conclusion: From the technical perspective, the overall trend of the ETN coin is still bullish. And as mentioned, above the price is currently sitting at the $0.138 mark, coinciding with the 0.382 FIB. Thus, if the price obtains proper support from this level, the investors of ETN coin will have better confirmation of the price resuming its uptrend.
Support: $0.0138
Resistance: $0.0158