EDC Blockchain (EDC): Does it Score Poorly on Long-Term Trading Metrics Thursday?

Thursday, June 23, 2022 11:12 AM | InvestorsObserver Analysts

EDC Blockchain receives a weak long-term technical score of 11 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. EDC currently holds a superior long-term technical analysis score than 11% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving EDC Blockchain a 11 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

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Trading Analysis

EDC is currently -$0.0025255 (-41.93%) below its 100-day moving average price of $0.006023460 with its current price of $0.003497983. Meanwhile, EDC Blockchain is $0.0021842 (-837004.60%) above its 52-week low price of $0.001313792 and -$0.02835485 (-31383.40%) below its 52-week high of $0.031852830. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 11. Trends for the long-term trading history of EDC Blockchain suggest that traders are currently bearish on the coin. EDC Blockchain has a total market value of $160,997.16 with an low average daily volume of $0.17 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EDC's volume is below its average with $0.02 exchanged in total.

Summary

EDC's historical trading over the past year gives it a a weak long-term technical score of 11 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on EDC Blockchain (EDC).