[Technical Analysis] BTT/USD Market May 21, 2022

in Account Booster 👍 • 3 years ago

Hey Guys..!!

Meet again with me Wahyu Nahrul, This time I want to make a brief technical analysis of a cryptocurrency chart, the analysis I made is based on my experience and knowledge.

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Alright, let's get straight into the discussion, happy reading!!

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Bittorent (BTT) Analysis

Today, May 21, 2022, I will try to technically analyze the price movement of BTT.

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SOURCE: TradingView

At the time this article was written, the BTT Token was undergoing a Bearish Phase, but the bearish phase that occurred in BTT was not as deep as other cryptocurrencies whose percentage exceeded our expectations.

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SOURCE: TradingView

But the BTT price movement has passed the support level at $0.00000173.

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SOURCE: TradingView

The Death Cross is also shown by the ADX indicator by the presence of a cross between the DI+ and DI- lines. This crossover has actually been going on since a few weeks ago.

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SOURCE: TradingView

And finally, we are also given an oversold phase signal from the RSI indicator where the RSI line has moved below the lower band.

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Disclaimer:

This analysis is not an invitation to buy or sell any asset, it is just a short analysis intended for learning. Remember! don't use the analysis I did as a benchmark in investing or trading, always do your own analysis and research first before making any decisions.

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#cryptocurrency #bittorent #btt #technical-analysis #indonesia #chart
3 years ago in Account Booster 👍 by
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     3 years ago 

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