BTT Technical Analysis: Will Buyers Break The 50-day EMA?

BTT coin price shows a reversal from the $0.000001700 mark resulting in a price jump of 10%. Will the increasing trend surpass the $0.000002000 mark? Key technical points: BTT coin price surpasses the $0.000001800 mark. In addition, it has increased by 10% in the last ten days. Finally, the 24-hour trading volume of Bittorrent is $80 Million, marking a 20% fall. Past Performance of BTT The BTT coin price shows a bullish reversal from the $0.000001700 mark resulting in a growth of 10% and approaching the 50-day EMA. Furthermore, the reversal might shortly challenge the resistance zone below the $0.000002000 mark. However, the Doji candlestick forming near the 50-day EMA threatens the reversal possibility. Source-Tradingview BTT Technical Analysis BTT coin price surpasses the daily resistance at $0.000001850, which may shortly demand a retest for further bullish continuation. Hence, the Doji candlesticks might come as a retest phase before the $0.000002000 breakout. The crucial EMAs (50, 100, and 200) project a bearish alignment, with the price facing multiple rejections from the 50-day EMA. Hence, the price struggling to approach the EMA might demonstrate an early reversal. RSI Indicator: The RSI slope shows a positive recovery with the start of March 2022, as it crosses above the 50% mark from the oversold boundary. Furthermore, there is no evidence of a bearish divergence in the daily chart. MACD Indicator: The MACD and signa...