BITTORRENT - BTT/USDT

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	BTTUSDT
ISIN:

BITTORRENT - BTT/USDT - Daily - Technical analysis published on 12/07/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BITTORRENT - BTT/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.003534 USDT

My targets

0.004155 USDT (+6.16%)

0.004933 USDT (+26.03%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on BITTORRENT - BTT/USDT as long as the price remains well above 0.003534 USDT. The buyers' bullish objective is set at 0.004155 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.004933 USDT. If there is any crossing, the next objective would be the resistance located at 0.010290 USDT.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197.

Additional analysis

Quotes

The BITTORRENT - BTT/USDT price is 0.003914 USDT. The price registered an increase of +16.91% on the session and was traded between 0.003158 USDT and 0.004038 USDT over the period. The price is currently at +23.94% from its lowest and -3.07% from its highest.

0.003158

0.004038

0.003914

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on BITTORRENT - BTT/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this BITTORRENT - BTT/USDT chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.002967	0.003210	0.003534	0.003914	0.004155	0.004933	0.010290
Change (%)	-24.20%	-17.99%	-9.71%	-	+6.16%	+26.03%	+162.90%
Change	-0.000947	-0.000704	-0.000380	-	+0.000241	+0.001019	+0.006376
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001505	0.001911	0.002631	0.003037	0.003757	0.004163	0.004883
Camarilla	0.003040	0.003144	0.003247	0.003350	0.003453	0.003556	0.003660
Woodie	0.001661	0.001990	0.002787	0.003116	0.003913	0.004242	0.005039
Fibonacci	0.001911	0.002342	0.002607	0.003037	0.003468	0.003733	0.004163

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001021	0.001594	0.002095	0.002668	0.003169	0.003742	0.004243
Camarilla	0.002302	0.002400	0.002499	0.002597	0.002696	0.002794	0.002892
Woodie	0.000986	0.001576	0.002060	0.002650	0.003134	0.003724	0.004208
Fibonacci	0.001594	0.002004	0.002257	0.002668	0.003078	0.003331	0.003742

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001382	0.002172	0.002666	0.003456	0.003950	0.004740	0.005234
Camarilla	0.002806	0.002924	0.003041	0.003159	0.003277	0.003394	0.003512
Woodie	0.001233	0.002098	0.002517	0.003382	0.003801	0.004666	0.005085
Fibonacci	0.002172	0.002663	0.002966	0.003456	0.003947	0.004250	0.004740

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.74
MACD (12,26,9):	-0.0001
Directional Movement:	9.184090
AROON (14):	21.428574
DEMA (21):	0.003075
Parabolic SAR (0,02-0,02-0,2):	0.002192
Elder Ray (13):	0.000409
Super Trend (3,10):	0.002410
Zig ZAG (10):	0.003880
VORTEX (21):	0.9602
Stochastique (14,3,5):	68.78
TEMA (21):	0.003067
Williams %R (14):	-7.37
Chande Momentum Oscillator (20):	0.000618
Repulse (5,40,3):	37.4044
ROCnROLL:	1
TRIX (15,9):	-0.7205
Courbe Coppock:	11.28

MA7:	0.003082
MA20:	0.003194
MA50:	0.003553
MA100:	0.003680
MAexp7:	0.003217
MAexp20:	0.003246
MAexp50:	0.003443
MAexp100:	0.003578
Price / MA7:	+27.00%
Price / MA20:	+22.54%
Price / MA50:	+10.16%
Price / MA100:	+6.36%
Price / MAexp7:	+21.67%
Price / MAexp20:	+20.58%
Price / MAexp50:	+13.68%
Price / MAexp100:	+9.39%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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