We've been tracking BitTorrent (BTT) since the day it was listed on Binance... After the BTTBTC pair was removed, we also started to look at BTTUSDT.
This analysis is for BTTUSDT which we are trading and already collecting profits... Here is our previous chart for it:
Now, BTTUSDT is safely trading above EMA10 (green) but found resistance when it hit EMA100 (marked on the chart), this is a very important resistance/indicator.
If we look at past history, left part of the chart, we can see a strong bullish wave after EMA100 was conquered and now we can see BTTUSDT playing with this same resistance again.
Keeping it simple, here is how it goes:
If EMA100 can be conquered with good strength and volume, expect BTTUSDT to move up strong. But if instead, BTTUSDT fails to break this resistance, expect prices to move lower and test EMA50 at 0.0003291. If EMA50 breaks, we look for 0.0002957 as the next support.