Creditbit Price Technical Analysis – CRB/BTC Testing Key Support

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Key Highlights

  • Creditbit price after trading as high as 0.00070BTC against the Bitcoin started a correction wave.
  • There is a connecting bearish trend line with resistance at 0.00050BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • The price is currently testing a major support area near 0.00040BTC, which must hold the downside.

Creditbit price started a correction against the US Dollar and Bitcoin, and CRB/BTC is now approaching a key support area around 0.00040BTC.

Creditbit Price Resistance

There was a decent wave towards 0.00070BTC in Creditbit price against the Bitcoin. Later, the price started correcting lower, and traded below a few supports like 0.00060BTC. First, the price was able to break the 23.6% Fib retracement level of the last wave from the 0.00020BTC low to 0.00070BTC high. It opened the doors for more declines towards 0.00050BTC.

Sellers gained traction, and as a result, there was also a break below 0.00050BTC. The price even broke the 38.2% Fib retracement level of the last wave from the 0.00020BTC low to 0.00070BTC high. However, the price is currently approaching a major support area near 0.00040BTC. The price is still in a corrective wave from the 0.00070BTC, and the 0.00040BTC holds a lot of importance. As


Read more ... source: NewsBTC USA

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