BIT:BUG - Euronext Milan - IE00BMH5Y871 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to BUG. BUG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BUG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.45, a Stop Loss order could be placed below this zone.
11.06
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
BIT:BUG (4/25/2025, 7:00:00 PM)
12.838
+0.15 (+1.2%)