Technical Analysis: BTT, HOLO and MANA Graphs! Watch Out for the Support Zones!

0
33

Bitcoin it is locked in critical condition, as of 21:00 on Wednesday THE FED we’ll find out the outcome of your meeting. The increasing pressure has seriously pushed down the price of Bitcoin and altcoin, crypto currencies that do not have strong news support on the fundamental side have loosened up to the bottom support levels. Alright BTT, Which are the critical levels that HOLO and MANA investors should follow?

Bittorrent (BTT) Charts

During the summer period BTT it continues to find buyers from 0.002750 dollars. BTT, which is preparing to close the day with a loss of 3%, is feeling the sales pressure intensely. The RSI sagged towards the bottom of the neutral zone and the bears took control. The price has sagged below all short- and medium-term moving averages, so there is a possibility that the losses will deepen further. The MACD is negative, and the price may fall to the support of 0.002333.

Especially with the loss of support for the 0.0030 dollar, the free fall began. The supports of 0.0026 and 0.00245, respectively, need to be closely monitored. It may be useful for investors who will make purchases not to rush and open positions above the 0.0030 region. If the price returns from here, profit sales can be made at the levels of 0.0034 and 0.003595 dollars. In the medium and long term, 0.004203 dollar levels can be targeted. Finally, if we are talking about a short-term bottom, we can follow the 0.0017 dollar zone, which will be preferred as a buying zone for many investors. At least, in the recent past, action was being taken in this direction.

Holo (HOT) Charts

The RSI has now approached the oversold zone, Bitcoin’s withdrawal has also been lost, as well as short- and medium-term moving averages. The MACD is negative and sellers are looking dominant. During the summer period Holo (HOT) it is located at $0.0077, which is the critical support zone. If this region is lost, there may be a decrease to 0.006796 levels.

If the 0.0026 region that was previously pricked is retested in this decline, the price will not be as easy to return as before. Expectations of a big rally are being pumped up on social media, but we must say that investors are also used to this kind of pumping from the past. You can reduce your risk by checking your current stop zones.

MANA Graphics

The Metaverse He seriously ate the bread of his FOMO. However, it has not been able to recover from the market conditions caused by the decline of Bitcoin. Decentraland (MEANING) By the end of November, it had surpassed $5.5 and taken $8 off its radar. However, the decline from the Bitcoin side has pulled it down rapidly. The price melted by close to 45% in a matter of days.

On the four-hour chart, the RSI enters the oversold zone in the same way. The price that has been hanging below the moving averages is preparing to make bigger dips if BTC does not recover again. At the time of writing, MANA, which found buyers at $ 3.04, has already opened the door to the 3.13 region, losing the 2.65 level. If it is permanent below $ 3, there is a possibility that it will make a deep bottom up to $ 1.65. You can see how the price is rapidly falling below the level of 3.34, if this region is not regained in the short term, investors’ losses may increase even more.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
You can follow our news on our Telegram channel, Instagram, Facebook, Twitter accounts and Youtube channel.