BTT/USD Medium-term Trend: Ranging
- Resistance Levels: $0.001400, $0.001600 ¸ $0.001800
- Support levels: $0.001200, $0.001000, $0.008000
Yesterday, July 10, the price of BTT was in a bearish trend. The bears broke away from the range-bound move to test the lower price range. The BTT coin is fluctuating between the levels of $0.001000 and $0.001600. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. The crypto’s price fluctuates below and above the EMAs. The crypto’s price includes small body candlesticks like the Doji and Spinning tops. These candlesticks describe the indecision between the buyers and the sellers. When small body candlesticks are more than the larger ones, the coin will have a choppy price action. That is the support and resistance levels of the coin become difficult to comprehend. Meanwhile, the price of BTT is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in the bearish momentum and a sell signal.
BTT/USD Short-term Trend: Bullish
On the 1-hour chart, the BTT price was in a bullish trend. The 12-day EMA and the 26-day EMA are sloping upward. The crypto’s price is falling and at same testing the 12-day EMA to break above the EMAs.
The bulls have broken above the EMAs as the bullish trend resume .meanwhile, the price of BTT is in the overbought region of the daily stochastic but below the 80% range. This indicates that price is in the bearish momentum and a sell signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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