✳️BitcoinSV/USDT (26/10) #BSV $BSV #BSVUSDTBSV has being gone sideways for almost 2 months and the 140-180$ range has been consolidating. Today BSV had a break out of this zone but was quickly denied back below 180$, however the selling pressure is quite weak so we can believe that BSV will continue to rise in the next few days.
The heading target is the 220$ zone. This zone is quite special since it is easy to form a right shoulder of a Head & Shoulders pattern and fall back to 140$ so I think we will sell out BSV in this zone.
Currently, we should buy as close to 165-170$ as possible and can buy more in the 140-150$ zone if a bad situation arises.
Stoploss if BSV falls out of the 140$ zone.
Note: the 190$ zone can be a hurdle that BSV will be quite difficult to overcome for the time being.
BSVUSDT trade ideas
BSV Trend is still in playLast 4 times RSI bottomed out at 40 there was an explosion of price
298%, 70%, and 51% Bullish
Bullish divergence on the MFI
Bullish cross about to happen on Stoch RSI
Bullish 10 is over the 20 wma
Bearish price is below all moving averages
Bullish price has not made a lower low
Bullish trend is still in play, higher lows with a higher high printed this year
Bullish potential double bottom
BSV - BitcoinSV Triangl weekly patternThis ascending triangl is a bullish pattern, which is great - on the other side, weekly RSI is broken - that is bearish.
I would buy above 260 level, or you can try to catch a bottom with this ascending trend-line on the triangl. That is around 130 USD. But only investing, not recommended margin trading yet on this coin, it needs to develop a bullish trend first - currently, we are still ranging in this consolidation .
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BSV is a strong opportunity to take1- RSI on a daily basis is showing a strong bullish sign for the next days
2- The bollinger bands tightens. That is a sign of the imminent movement of BSV
If the triangle breakout, keep the long until the target and then take profit or move up the stop.
I bet on long position on BSV for the next days/weeks
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Good luck