- The BTT token shows a bullish crossover of the 20-and-200-day EMA
- The BTT/BTC pair trading at 0.00000006807BTC, with a loss of 3.99%,
- The 24 hr volume of BTT tokens are $506.8 Million
The BTT token signaled the end of its moderate retracement phase on September 22nd when it bounced off the $0.003 support level with a morning star candle pattern. The token price is currently at the doorstep of the nearest resistance level of $0.0038, which can provide more confirmation for the bull rally once the price offers a decisive breakout from it.
Concerning the EMAs: The BTT price shows a strong bullish trend with its price trading higher than the important EMA’s 20-50, 100, and 200. In addition, the coin chart also shows a bullish crossover of the 20-and-200-day EMA, attracting more buyers to this coin.
The RSI value is 53, indicating a bullish sentiment within BTT tokens. Moreover, the RSI line has shown a strong surge in its value, projecting the coin buyers are entering the market again.
The BTT Token Chart Features A Cup And Handle Pattern.
The BTT token shows a cup and handle pattern formation in the 4hr time frame chart. This pattern’s neckline is located at $0.0038 and offers an excellent long opportunity for Crypto traders if the token price makes a strong breakout from his level. The BTT token is currently trading at $0.00372 with an intraday loss in the price of 0.24%.
The moving average convergence/divergence(MACD) indicator shows the MACD and signal lines are moving above the neutral zone (0.00), indicating the bullish sentiment in the token.
Conclusion: The short-term trend for the BTT cryptocurrency is still bearish. However, the technical chart indicates a bullish outlook regarding price action and indicators. The BTT coin shows the price continues to rise after rebounding from $0.003 support, and with a cup and handle pattern, the crypto can also grab an entry signal for a long trade.
Support $0.003
Resistance $0.0038