Price Correction
• Recently, BSV has formed a triangular pattern and successfully breached the upper edge.
• Following a pullback, it has resumed growth, reaching a major resistance area, which coincides with the supply zone.
• At present, we anticipate a price decline in the form of a correction, potentially extending to the bottom of the ascending trend line.
• Subsequently, with the emergence of bullish patterns, we expect the primary trend to recommence.
• The $43 price level serves as a significant major support. Should the price close below this threshold, the trend would likely turn bearish on a weekly timeframe.
(All analyses will be updated)
This analysis is informational, not financial advice.
• Following a pullback, it has resumed growth, reaching a major resistance area, which coincides with the supply zone.
• At present, we anticipate a price decline in the form of a correction, potentially extending to the bottom of the ascending trend line.
• Subsequently, with the emergence of bullish patterns, we expect the primary trend to recommence.
• The $43 price level serves as a significant major support. Should the price close below this threshold, the trend would likely turn bearish on a weekly timeframe.
(All analyses will be updated)
This analysis is informational, not financial advice.
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