Long

BSVUSD Chart Analysis (60% PP) by Request

Updated

One of our great supporters asked me to take a look at the BSVUSD chart.

We already have an analysis with targets for BCHSVBTC. You can find it here:

Bitcoin Cash SV Reaches Support, Might Bounce (Analysis)

BSVUSD Chart Analysis

We are looking at the 4H Time Frame, which means that each candlestick represents a period of 4 hours.
We have a strong breakout above EMA10 that reached all the way to EMA50. Now, this candle is still open but closes in only a few minutes. A close above EMA10, with high volume, can signal additional bullish action. And this is exactly what this chart is saying.
The RSI has gone through the RSI and it is now bullish.
MACD bullish crossover.
Targets are marked purple on chart.
A break and close below the red "x" on the chart would mean that this analysis is invalid and BSVUSD can become bearish. Meaning, this can be used as your stop loss.

For any questions use the comments section below.

If I receive 100 likes, I will post all trade details for this chart above (buy in, targets, stop loss and capital allocation).

Thanks in advance for your support.

Namaste.

Comment

Moving positively. This is a good signal overall. The more altcoins that show strength, the more likely that the market will turn green.

AlanSantana

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