What do the Long-Term Technicals Predict for EDC Blockchain (EDC) Thursday?

Thursday, July 21, 2022 03:36 PM | InvestorsObserver Analysts

InvestorsObserver gives EDC Blockchain a weak long-term technical score of 8 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 8% 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 8 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

See Full Report

Trading Analysis

EDC is currently -$0.0023322 (-47.77%) below its 100-day moving average price of $0.004882366 with its current price of $0.002550149. Meanwhile, EDC Blockchain is $0.0012364 (-837076.74%) above its 52-week low price of $0.001313792 and -$0.02341594 (-38501.95%) below its 52-week high of $0.025966089. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 8. 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 $117,372.41 with an low average daily volume of $820.72 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 $110.82 exchanged in total.

Summary

EDC's historical trading over the past year gives it a a weak long-term technical score of 8 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).