Creditbit Price Technical Analysis – CRB/BTC Pressured Below 0.00022BTC

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Key Highlights

  • Creditbit price remained in a downtrend and struggled to move back above 0.00022BTC against the Bitcoin.
  • There is a short-term bearish trend line with resistance at 0.00022BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the 0.00018BTC level is providing support and holding losses.

Creditbit price continued to face sellers against the US Dollar and Bitcoin, and now CRB/BTC is struggling to move back above the 0.00022BTC level.

Creditbit Price Resistance

There was a new low formed in Creditbit price below the 0.00018BTC level against the Bitcoin. The price seems to be struggling to gain momentum from the 0.00020BTC support. It moved down from the 0.00022BTC swing high and broke the last low of 0.00019BTC to trade below 0.00018BTC (monthly low). There is a declining path formed for CRB below 0.00022BTC, and its price is finding it hard to form a support for an upside move.

On the upside, there is a short-term bearish trend line with resistance at 0.00022BTC forming on the 7-day chart of CRB/BTC. However, an initial resistance is around 0.00020BTC, which is around the 50% Fib retracement level of the last decline from the 0.00022BTC high to 0.00018BTC low. A close above


Read more ... source: NewsBTC USA

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