EDC Blockchain (EDC): How Does it Rank Friday on Long-Term Trading Metrics? – InvestorsObserver

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Friday, July 15, 2022 05:02 PM | InvestorsObserver Analysts

EDC Blockchain receives a weak long-term technical score of 1 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 1% 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’.

Trading Analysis

The current trading price of $0.002099364 for EDC is -$0.0031463 (-59.98%) below the coins 100-day moving average of $0.005245671. EDC meanwhile is $0.0007856 (-837111.05%) above its 52-week low of $0.001313792 and -$0.02386673 (-38503.68%) under its 52-week high price of $0.025966089. EDC Blockchain’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 1. The price movement and range of EDC suggest that investors are bearish on the coin at this time. EDC Blockchain has a total market value of $96,624.71 with an low average daily volume of $1,411.00 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 $195.99 exchanged in total.

Summary

EDC’s historical trading over the past year gives it a a weak long-term technical score of 1 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).

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