BSV Price Analysis Short & Long term 2020

BSV Price Analysis Short & Long term 2020

1D Chart:

www.tradingview.com

Key Support Levels: 148, 170 USD

Key Resistance Levels: 207, 223, 255, 295 USD

BSV, price bullish in short term but under 1 Day downtrend line,  BSV price hold above 170 USD levels then I can expect BSV price breakout downtrend line and touch to 223 USD resistance level

Weekly Chart:

www.tradingview.com

Key Support Levels: 148, 170 USD

Key Resistance Levels: 207, 223, 255, 295 USD

BSV, Price under weekly downtrend line then. BSV price hold above 148 USD level then I expect BSV price break out downtrend line and touch to 255, 295 USD resistance level.

BSV Analysis More Details:

The disappointment of the bears to profit by the break beneath the $170 support on July 19 and 20 pulled in purchasing from the forceful bulls who pushed Bitcoin SV (BSV) over the downtrend line on July 21.

Presently, the onus is on the bulls to utilize this chance and convey the 6th positioned cryptocurrency money on CoinMarketCap to the overhead opposition of $200. Over this level, a transition to $227 is conceivable.

Rather, if the bears again sink the cost underneath the downtrend line, a drop to $170 is likely. Both moving midpoints are level and the RSI is near the midpoint, which recommends that the range-bound activity is probably going to reach out for a couple of more days.

Leave a Reply

Your email address will not be published. Required fields are marked *


*