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ETN/USD Daily Technical Analysis | 13 February 2018

2018-02-13 07:15 am | Resource: Technical Analysis Section | No Views : 295

ETN/USD Daily Technical Analysis | 13 February 2018 ETN/USD broke the falling trend line on the 240-minute time frame during yesterday's trading and the currency continued to rise so far.
Currently, the electroneum currency is trading in a bullish trend in formation and the SMA 20 represents a support area for the encoded currency.
ETN/USD Daily Technical Analysis | 13 February 2018
By analyzing the previous chart, we see a classical pattern of positive head and shoulders under formation. The currency is still trading below the neckline so far.
Momentum Relative Strength 14 is trading in a bullish trend and during the past few hours it has breached the bearish trend line.
It is expected that, if the default currency crosses areas of $ 0.0754, it may target $ 0.105, but if a break of $ 0.0595 might target $ 0.0384.
Support: 0.0595 - 0.0384 - 0.025
Resistance: 0.0831 - 0.1104 - 0.1552
Trend: neutral

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