EDC Blockchain (EDC): Does it Score Poorly on Long-Term Trading Metrics Tuesday?
Tuesday, August 02, 2022 10:56 AM | InvestorsObserver Analysts
InvestorsObserver gives EDC Blockchain a weak long-term technical score of 2 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders.
EDC at this time has a superior long-term technical analysis score than 2% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
InvestorsObserver is giving EDC Blockchain a 2 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!
EDC is currently -$0.0027138 (-61.48%) below its 100-day moving average price of $0.004414118 with its current price of $0.001700306. Meanwhile, EDC Blockchain is $0.0004102 (-852531.41%) above its 52-week low price of $0.001290076 and -$0.02202534 (-42141.31%) below its 52-week high of $0.023725649. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 2. 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 $78,257.79 with an low average daily volume of $8.33 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 $6.11 exchanged in total.
Summary
Trading patterns over the last year for EDC Blockchain leads to the coin's a weak long-term technical score of 2 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin.
Click Here to get the full Report on EDC Blockchain (EDC).
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