BitTorrent (BTTUSDT) hit a new low recently and moved above EMA10 just to quickly fall back down.
Right now the chart is lacking action/momentum, with BTTUSDT potentially going lower... But at current levels, a bounce is also possible since there is bullish divergence building up with the MACD and RSI.
The blue arrow shows the sideways-bullish scenario.
Its been observed that price tested out strong support zone to form a clean falling wedge pattern with potential Bullish BAT inview.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Do know that I...
Bittorrent token showed some signs of life in the last week, thanks to the pause bitcoin made on its way up. BTT managed to shear away from the bottom at 9 sats and almost hit its major resistance at 13 sats . It is still in an intermediate bearish trend until it manages to break the 13 sats resistance.
Breakout level is 13 sats and breakdown level is 9 sats . If...
BTTUSDT is showing a potential uptrend, notice that the price may might get to the green zone, if it does and the STOCHASTIC remains positive along with the positive MACD then, price can reach a 40% to 60% profit.