Coin, BitTorrent Price Movement Analysis for 20th March, 2021

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 432 Interactions,  6 today Coin and BitTorrent also showed signs of fatigue after hitting new highs. Coin [CRO]

Source: CRO/USD, TradingView

Gains in the last seven days totalled nearly 35% as Coin slowly recovered towards record peaks. On the 4-hour map, consecutive green candlesticks suggested a clear bullish mood in the market. The emergence of a bearish spinning top, which normally suggests a turnaround, however, brought some cynicism to the mix.

Furthermore, the RSI indicated that the demand was oversaturated with investors, and a sudden move below the upper region would represent in the price of CRO as well. The MACD histogram also revealed waning bullish energy, despite the fact that the fast-moving line was above the Signal line. Help thresholds are centred at $0.23 and $0.198 in the case of a pullback.

BitTorrent [BTT]

Source: BTT/USD, TradingView

BitTorrent has increased by nearly 90% in the last 24 hours due to heavy trading interest and stable volumes. As purchasing momentum pushed the price to its most recent ATH, the OBV spiked, slipped marginally, and pointed north once more. Trading volumes totalled nearly $5 billion, a 367 percent increase over yesterday.

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The Stochastic RSI, on the other hand, indicated a pullback following a bearish convergence in the overbought zone. Spinning top candlesticks for BTT were also suggestive of a pattern turnaround. The bulls must be worried about preventing a sharp sell-off in the coming sessions, a situation that happened when the previous ATH was disrupted in early February.


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