- BTT Coin Price has been trading in a paralle channel for over 4 months
- The Bollinger Bands indicate that the coin is consolidating
BTT Coin Price has been trading between a parallel descending channel since September 2021. The coin has formed a triple top with the resistance trend line and a double bottom with the support trendline. The coin has been trading in a narrow range within the parallel range lately. This is visible on the chart with the Bollinger Bands narrowing down. The coin has been going about the mean of the Bollinger Bands indicator for close to a month now. The volumes for the coin having been declining steadily over the last month and a half. The coin has a strong support at $ 0.0023 and a resistance at $ 0.0031.
BTT Coin Price has been trading in a range on the hourly chart frame. The coin has immediate resistance at $ 0.0028 and support at $ 0.0023. The coin has been trading in a parallel zone for a month, without any significant directional changes. The coin looks set in this range and we can expect the coin to trade within this support and resistance zone over the next few trading sessions. Volume density has been declining as can be observed on the hourly chart volumes.
Conclusion:
The coin has been trading in a parallel zone on the hourly chart over the last few days. The coin has been trading in a downward sloping parallel channel for the last 4 months. The Bollinger Bands indicate that the coin is in a consolidation zone within the channel
Support: $ 0.0023
Resistance: $ 0.0032
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