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BotXcoin Breakout Analysis – BOTX Pumps +64% in a Single Day with Strong Bullish Trend
BotXcoin is flipping on a 1-day candle chart, BOTX has grown by a massive +64% in a single day. Let’s take a quick look at BOTX, price analysis, and possible reasons for the recent breakout.
What is BotXcoin?
BotXcoin is a future token for financial freedom that provide a functional token for using our profitable trading robot in all cryptocurrency exchange all over the world. The goal of this project is to utilize a trading robot BOTX App and build a multi-cryptocurrency trading exchange BOTXPRO.
BotXcoin Quick Stats
| SYMBOL: | BOTX |
| Global rank: | 217 |
| Market cap: | $340,603,325 AUD |
| Current price: | $0.2085 AUD |
| All time high price: | $0.2569 AUD |
| 1 day: | +64.31% |
| 7 day: | +17.95% |
| 1 year: | +566.36% |
BotXcoin Price Analysis
At the time of writing, BOTX is ranked 217th cryptocurrency globally and the current price is $0.2085 AUD. This is a +64.31% increase in a single day as shown in the chart below.
In the past week, there was a strong rise in Bitcoin, Ethereum, and Ripple. As a result, BotXcoin also formed strong support near $0.1242 AUD price levels before starting a strong bullish trend.
Here we also have the “W” pattern with a higher low just as looking at it before starting a strong increase, there was a break above a crucial contracting triangle with resistance near $0.1552 on the daily chart of the BOTX/AUD. The pair gained pace above the $0.1742 and $0.1865 resistance levels.
“W pattern is a price pattern, also called Double Bottom. This pattern, when drawn it looks like the W and this is why it is called as W pattern. Sometimes patterns look like W but it is not the exact W pattern and these patterns are called Semi-W patterns.”
What do the technical indicators say?
The BotXcoin TradingView indicators (on the 1 day) mainly indicate BOTX as a buy, except the Moving Averages which indicate BOTX as a strong buy.
So Why did BOTX Breakout?
The recent rise in Bitcoin over 100% since the halving in May and then the suggested start of the Altcoin season could have contributed to the recent breakout. It could also be contributed to some of the recent events where the BotXcoin will be listed in Coinlim.
Recent BotXcoin News & Events:
- 25 February 2020 – Road Map Review
- 09 April 2020 – Latoken Listings
- 02 September 2020 – CoinLim Listings
Where to Buy or Trade BotXcoin?
Currently BOTX coin is mostly available to buy on P2PB2B exchange which is a cryptocurrency exchange operating out of the United Kingdom.
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