Updated
BCHSV TA
Price around 0.02 provides good support for Bitcoin SV. Additionally, it broke out from falling wedge pattern with vol confirmation in 1 Hr chart. However, breakout seems to be not much strong and met with some selling pressure. At present 1 hr and 4 Hr RSI is approaching towards overbought zone and supplemented with selling pressure makes price action in to retracement zone. As long as the price stays above 0.022, it has got a very good chance to push upwards towards resistance zone and would be interesting to see the reaction.
The Strategy is to buy as close as possible to 0.022 with SL around 0.021. Further targets are per the resistance zone shown by Red zones.
The Strategy is to buy as close as possible to 0.022 with SL around 0.021. Further targets are per the resistance zone shown by Red zones.
Note
Additionally Squeeze indicator is showing is positive momentum. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.