Creditbit Price Technical Analysis – CRB/BTC Declines Further

Key Highlights

  • Creditbit price declined further and broke the last low of 0.000135BTC against Bitcoin.
  • There is a steep bearish trend line forming with resistance near 0.000135BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the recent low of 0.000130BTC is providing support, but may be breached soon.

Creditbit price remained under bearish pressure against the US Dollar and Bitcoin. CRB/BTC is now at a risk of further losses below 0.000135BTC.

Creditbit Price Resistance

There was an increase in the bearish pressure on Creditbit price as it broke the last low of 0.000135BTC against Bitcoin. The price failed to recover above the 0.000150BTC level, which ignited a downside move. A new monthly low is formed near 0.00013BTC where buyers protected further losses. Earlier, there was a correction towards the 23.6% Fib retracement level of the last decline from the 0.000161BTC high to 0.000135BTC low. However, there was no substantial recovery, and the price traded towards 0.000130BTC.

The recent low also remains at a risk, and if 0.000130BTC fails to hold, there can be a move towards 0.00012BTC. On the upside, there is a steep bearish trend line forming with resistance near 0.000135BTC on the 7-day chart of CRB/BTC. Moreover, the 23.6% Fib retracement level of the last decline from the 0.000158BTC high to 0.000130BTC low may also act as a resistance. Lastly, the last low of 0.000135BTC is also a resistance.

Creditbit Price Technical Analysis CRB BTC

Looking at the price of CRB to US Dollar, there was a new low below $0.36. The price seems to be trading towards $0.35 and remains at a risk. On the upside, an initial resistance is near $0.38, followed by $0.40.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is moving further in the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is currently well below the 50 level.

Intraday Support Level – 0.000130BTC

Intraday Resistance Level – 0.000140BTC

 

Charts from Coinmarketcap

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Key Highlights

  • Creditbit price extended its decline and even traded to a new monthly low below 0.000140BTC against Bitcoin.
  • There is a connecting bearish trend line forming with resistance near 0.000152BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the recent low of 0.000135BTC might continue to act as a support zone.

Creditbit price declined further against the US Dollar and Bitcoin, and CRB/BTC’s upside move remains capped near the 0.00016BTC level.

Creditbit Price Decline

There was no respite for Creditbit price as it continued to decline below the 0.00016BTC support against Bitcoin. The downside move was such that the price broke the 0.000150BTC support area. A new monthly low was formed near 0.000135BTC from where a recovery wave was initiated. The price managed to recover above the 23.6% Fib retracement level of the last decline from the 0.000165BTC high to 0.000135BTC low.

However, the upside move was protected by the 0.00015BTC level. It is also near the 61.8% Fib retracement level of the last decline from the 0.000165BTC high to 0.000135BTC low. Moreover, there is a connecting bearish trend line forming with resistance near 0.000152BTC on the 7-day chart of CRB/BTC. Lastly, the last major support at 0.000158BTC may now act as a hurdle for buyers. So, if the price attempts a break, it won’t be easy above 0.000160BTC.

Creditbit Price Technical Analysis CRB BTC

Looking at the price of CRB to US Dollar, there was a minor downside move towards the $0.37 level. Later, the price found support just above $0.35 and later moved higher. However, the upside move may face many resistances like $0.42 and $0.45. The most important hurdle remains near $0.50.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is recovering from the bearish to bullish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is currently just below the 50 level.

Intraday Support Level – 0.000135BTC

Intraday Resistance Level – 0.000160BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price remained above a short-term support area at 0.000158BTC against Bitcoin.
  • There is a range pattern forming with resistance near 0.000168TC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the range support is around the 0.000158BTC level, acting as a barrier for declines.

Creditbit price started trading in a range against the US Dollar and Bitcoin, and now CRB/BTC is forming a decent support around the 0.000158BTC level.

Creditbit Price Resistance

There was hardly any action in Creditbit above 0.00017BTC against Bitcoin. The price after a decline below 0.00016BTC started trading in a range and consolidating losses. There is a clear range pattern forming with resistance near 0.000168TC on the 7-day chart of CRB/BTC. The stated range support and 0.00017BTC are major resistances for an upside move in CRB.

The 0.00017BTC level also coincides with the 23.6% Fib retracement level of the last decline from the 0.00022BTC high to 0.000158BTC low. A break above the range resistance and 0.000170BTC is needed for CRB buyers to gain momentum for an upside break. On the downside, the range support is around the 0.000158BTC level. It is acting as a strong barrier for further declines and preventing a break below 0.00015BTC. Sooner or later, the price has to come out of range either above 0.000170BTC or below 0.000150BTC.

Creditbit Price Technical Analysis CRB BTC

Looking at the price of CRB to US Dollar, there was a slight decline below the $0.40 level. Later, the price started a recovery and currently it’s above $0.42. On the upside, there are many crucial resistances like $0.45 and $0.50 for further gains. Overall, the price may range trade before the next move.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is flat with no sign of a break.

Hourly RSI – The RSI for the CRBIT/BTC pair is below the 50 level and remains directionless.

Intraday Support Level – 0.000158BTC

Intraday Resistance Level – 0.000170BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price remained under pressure mostly, but held the 0.00016BTC support against Bitcoin.
  • There is a consolidation triangle pattern forming with resistance near 0.00017BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the price has a decent support forming near the 0.00016BTC level.

Creditbit price managed to avoid further declines against the US Dollar and Bitcoin, and now CRB/BTC is consolidating above the 0.00016BTC level.

Creditbit Price Support

Recently, we saw downsides moves in Creditbit as its price traded below the 0.00018BTC level against Bitcoin. The price was under a lot of pressure and even traded below the 0.00016BTC level. Later, there was a minor bounce and the price started trading above 0.00016BTC. It seems like the price is trading in a tiny range and consolidating losses above 0.00016BTC.

There is a consolidation triangle pattern forming with resistance near 0.00017BTC on the 7-day chart of CRB/BTC. It might act as a catalyst for the next move either above 0.00017BTC or below 0.00016BTC. Recently, there was a break above two connecting bearish trend line at 0.000165BTC, which has increased chances of more gains. A break above the triangle resistance and the 23.6% Fib retracement level of the last decline from the 0.00020BTC high to 0.000156BTC low is needed.

Creditbit Price Technical Analysis CRB BTC

Looking at the price of CRB to US Dollar, there is a base support forming above $0.40. However, there is no matching consolidation pattern and the price is mostly bearish below $0.50. A bounce back above $0.48 is needed for a recovery. On the downside, a break and close below $0.40 could ignite further declines in the near term towards $0.35.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is mostly flat in the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is currently nearing the oversold readings, but with no sign of a recovery.

Intraday Support Level – 0.00016BTC

Intraday Resistance Level – 0.00017BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price continued to face sellers and remained below the 0.00020BTC resistance against Bitcoin.
  • There is a major descending channel pattern with resistance at 0.00017BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the price is just holding the 0.00016BTC support.

Creditbit price was unable to recover against the US Dollar and Bitcoin, and now CRB/BTC is placed well below the 0.00020BTC level.

Creditbit Price Resistance

Recently, we saw declines in Creditbit price below the 0.00020BTC and 0.00018BTC support levels against Bitcoin. The price remained under pressure and traded few points below the 0.00016BTC level. There was no test of the 0.00015BTC level as the price managed to hold 0.000158BTC. However, the downside pressure is intact and the price may continue to remain in a short-term bearish zone below 0.00020BTC.

On the upside, there is a crucial resistance zone forming between 0.00018BTC to 0.00020BTC. Moreover, there is a major descending channel pattern with resistance at 0.00017BTC forming on the 7-day chart of CRB/BTC. The channel resistance is close to the 23.6% Fib retracement level of the last decline from the 0.00021BTC high to 0.000158BTC low. So, a break and close above 0.00017BTC won’t be easy. Above it, the 0.00018BTC to 0.00020BTC resistance levels are waiting to stop gains in the near term.

Creditbit Price Technical Analysis CRB BTC

When we look at the CRB to US Dollar price, there is a decent support forming near $0.40. The price has recovered well recently, and managed to move above the $0.45 level. However, the upside is capped by the $0.50 pivot. A break above it could ignite more gains in CRB to Dollar may be towards $0.60.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is showing bearish signs.

Hourly RSI – The RSI for the CRBIT/BTC pair is currently well below the 50 level and heading lower.

Intraday Support Level – 0.00015BTC

Intraday Resistance Level – 0.00017BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price declined below the 0.00018BTC support against the Bitcoin and remained under pressure.
  • There are two bearish trend lines formed with resistance near 0.00018BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the price may continue to move lower and test the 0.00015BTC support.

Creditbit price faced further selling pressure against the US Dollar and Bitcoin, and now CRB/BTC is struggling to move above the 0.00018BTC level.

Creditbit Price Decline

There was no major relief for Creditbit price as it declined below the 0.00018BTC support against the Bitcoin. The price faced a minor increase in selling pressure, resulting in a move below 0.00017BTC. The price traded towards the 0.00016BTC level, and may continue to move lower and test the 0.00015BTC support. However, the decline was mostly due to a sharp rise in Bitcoin price from $2400 to $2800.

On the upside, there are two bearish trend lines formed with resistance near 0.00018BTC on the 7-day chart of CRB/BTC. An initial resistance is just below the 0.00018BTC level, which was a support earlier. Furthermore, the 23.6% Fib retracement level of the last decline from the 0.00021BTC high to 0.000163BTC low might also stop the upside move. Only a successful close above the 0.00018BTC level might call for a recovery towards 0.00020BTC in the near term.

Creditbit Price Technical Analysis CRB BTC

The overall CRB price action is stable, as it moved a few points higher above $0.40 against the US Dollar. The price found support near $0.35 and started an upside move. It is now positioned near $0.46 and looking for a break above $0.50. If all goes well, we may see an increase in CRB price above $0.50 in the near term.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is gaining momentum into the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is in the oversold levels.

Intraday Support Level – 0.00015BTC

Intraday Resistance Level – 0.00018BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price declined further and traded below the 0.00019BTC level against the Bitcoin.
  • There is a new connecting bearish trend line with resistance at 0.00019BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • On the downside, the price may break 0.00017BTC for a move towards the 0.00015BTC level.

Creditbit price remained under bearish pressure against the US Dollar and Bitcoin, and now CRB/BTC is struggling to hold the 0.00018BTC support.

Creditbit Price Resistance

There was a continuation of the last bearish leg in Creditbit price below the 0.00020BTC level against the Bitcoin. The price mostly consolidated with a bearish tone and even broke the 0.00018BTC support. However, there were no major declines and a low was formed near 0.00017BTC. At the moment, the price is struggling to remain above the 0.00017BTC, and may decline further for a downside push.

On the upside, there is a new connecting bearish trend line with resistance at 0.00019BTC forming on the 7-day chart of CRB/BTC. Moreover, the 23.6% Fib retracement level of the last decline from the 0.00023BTC high to 0.000174BTC low is also around the trend line resistance. Above it, the 0.00020BTC level might come into the picture. It acted as a support earlier, and now buyers could struggle to take the price above 0.00020BTC.

Creditbit Price Technical Analysis CRB BTC

Overall, the price remains at a risk of more losses below 0.00017BTC in the near term. CRB also found sellers against the US Dollar, and moved below $0.38. It even traded below $0.35, but later managed to recover. Looking at the price action in CRB/USD, there are chances of a recovery in the short term. On the upside, the most important resistance is near $0.45.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is well into the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair has reached oversold levels.

Intraday Support Level – 0.00017BTC

Intraday Resistance Level – 0.00020BTC

 

Charts from Coinmarketcap

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 it might call for a test of 0.00022BTC. It won’t be easy for buyers to push the price above 0.00022BTC in the near term.

Creditbit Price Technical Analysis CRB BTC

On the downside, the 0.00018BTC level is an initial support, followed by 0.00016BTC. CRB struggled against the US Dollar as well. There was a break below the $0.45 support and the price traded towards $0.32. There is a lot of pressure below $0.50, and the price might continue to decline in the short term.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is placed in the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is reaching oversold levels.

Intraday Support Level – 0.00018BTC

Intraday Resistance Level – 0.00022BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price after a decline of more than 10% found support near 0.00020BTC against the Bitcoin.
  • There is a connecting 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 0.00020BTC support area holds a lot of importance in the near term.

Creditbit price decline found support near major support levels against the US Dollar and Bitcoin, and now CRB/BTC is consolidating above the 0.00020BTC support.

Creditbit Price Support

In the last analysis, we saw a major decline in Creditbit price from the 0.00028BTC level against the Bitcoin. The decline was sharp as the price was able to break the 0.00022BTC and 0.00020BTC support levels. However, sellers failed to gain momentum below 0.00020BTC. As a result, the price started consolidating near 0.00020BTC and currently trading with a neutral bias.

The best part is CRB trading above the 0.00020BTC support. It is currently positioned below the 0.00022BTC level, which is a major resistance. There is also a connecting bearish trend line with resistance at 0.00022BTC forming on the 7-day chart of CRB/BTC. Moreover, the 23.6% Fib retracement level of the last decline from the 0.00029BTC high to 0.00019BTC low is also around 0.00022BTC. So, it won’t be easy for CRB buyers to take the price above the 0.00022BTC level.

Creditbit Price Technical Analysis CRB BTC

A close above 0.00022BTC could open the doors for more gains. The price may trade towards the 50% Fib retracement level of the last decline from the 0.00029BTC high to 0.00019BTC low. On the downside, we can continue monitoring the 0.00020BTC support and 0.00019BTC low. As long as these supports are intact, the price may surpass offers near 0.00022BTC.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair is currently flat.

Hourly RSI – The RSI for the CRBIT/BTC pair is neutral, but still below the 50 level.

Intraday Support Level – 0.00020BTC

Intraday Resistance Level – 0.00022BTC

 

Charts from Coinmarketcap

Key Highlights

  • Creditbit price continued to move down and broke a major support area at 0.00020BTC against the Bitcoin.
  • There is a descending channel pattern with resistance at 0.00022BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap).
  • The price is currently just below 0.00020BTC and looks set for more declines in the near term.

Creditbit price downside move was extended against the US Dollar and Bitcoin, and CRB/BTC is now trading below the 0.00020BTC support.

Creditbit Price Resistance

In the last analysis, we discussed the importance of the 0.00022BTC and 0.00020BTC support levels against the Bitcoin. The price recently extended the downside move and even broke the 0.00022BTC and 0.00020BTC support levels. At the moment, the price is trading just below 0.00020BTC and looks poised for further downsides in the near term. There was a failed attempt to break the 23.6% Fib retracement level of the last decline from the 0.00028BTC high to 0.00022BTC low.

The price is currently following a bearish pattern below 0.00022BTC. There is a descending channel pattern with resistance at 0.00022BTC forming on the 7-day chart of CRB/BTC It is taking the price down and may ignite bearish extension towards 0.00018BTC. On the upside, the channel resistance is also near the 23.6% Fib retracement level of the last decline from the 0.00026BTC high to 0.00019BTC low.

Creditbit Price Technical Analysis CRB BTC

On the downside, the channel support is at 0.00019BTC. A break and close below it could even spark downsides towards 0.00015BTC. Similarly, CRB declined against the US Dollar as well, and traded towards $0.45. It is now below the $0.50 support, which may now act as a resistance if the price attempts a recovery.

Looking at the indicators:

Hourly MACD – The MACD for the CRBIT/BTC pair placed heavily in the bearish zone.

Hourly RSI – The RSI for the CRBIT/BTC pair is reaching the oversold readings.

Intraday Support Level – 0.00018BTC

Intraday Resistance Level – 0.00022BTC

 

Charts from Coinmarketcap