EDC Blockchain receives a weak long-term technical rating of 8 from InvestorsObserver‘s analysis primarily based on historic buying and selling patterns. The proprietary scoring system weighs worth motion from latest months to a yr, analyzes the coin’s help and resistance ranges, and the place it’s relative to long-term averages to find out whether or not it is a sturdy buy-and-hold funding alternative.
EDC presently holds a superior long-term technical evaluation rating than 8% of cryptos in circulation. This rating metric is most helpful to buy-and-hold sort buyers searching for sturdy regular development when allocating their property. cash with a excessive lengthy and short-term technical rating will help point out property which have bottomed out, offering buyers an opportunity to ‘purchase the dip’.
Buying and selling Evaluation
EDC is presently -$0.0004873 (-6.47%) beneath its 100-day shifting common worth of $0.007526008 with its present worth of $0.007038731. In the meantime, EDC Blockchain is $0.0055815 (-754355.26%) above its 52-week low worth of $0.001457266 and -$0.05713283 (-15572.26%) beneath its 52-week excessive of $0.064171560. The present worth relative to its shifting common and 52-week excessive and low results in a median long-term technical rating of 8. Tendencies for the long-term buying and selling historical past of EDC Blockchain counsel that merchants are presently bearish on the coin.
EDC Blockchain has a market capitalization of $323,962.56 and a comparatively low common every day quantity with $3,430.53 price of the forex traded over the standard 24 hour interval. Over the past 24 hours, EDC’s quantity is beneath its seven day common with 517.10 exchanged.
Buying and selling patterns during the last yr for EDC Blockchain results in the coin’s a weak long-term technical rating of 8 as its consistency, volatility, and relation to long-term averages has given buyers purpose to be bearish on the coin.