Is EDC Blockchain (EDC) Heading the Right Direction Thursday?

Thursday, June 16, 2022 03:11 PM | InvestorsObserver Analysts

InvestorsObserver gives EDC Blockchain a strong long-term technical score of 68 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 68% 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 68 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 Blockchain's price is -$0.0013231 (-22.32%) below its 100-day moving average price of $0.005928612 as its price at the moment sits at $0.004605492. Additionally, EDC is $0.0032917 (-836920.30%) higher than its 52-week low price of $0.001313792 while -$0.02724734 (-31379.93%) under its 52-week high of $0.031852830. The current trading price in relation to its long-term average along with its 52-week high and low, gives EDC a strong long-term technical score of 68. Long-term trading movement of EDC Blockchain suggest that investors are neutral on the coin at the moment. EDC Blockchain has a market capitalization of $211,971.02 and a relatively low average daily volume with $1,475.33 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, EDC's volume is below its seven day average with 232.36 exchanged.

Summary

Trading patterns over the last year for EDC Blockchain leads to the coin's a strong long-term technical score of 68 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on EDC Blockchain (EDC).