BSWUSDT trade ideas
🆓Biswap (BSW) May-05 #BSW $BSW
BSW could still have bull runs this May. However, it needs to hold onto the $1 zone because if it loses this zone, it will plummet to the $0.7 or even $0.6 zone by mid-May.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1$ zone
🔴Buy : 1.1 - 1
🔴Sell : 1.3 - 1.5 - 1.8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1$ zone
🔵Sell : 1
🔵Buy : 0.7 - 0.6
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
BSWUSDT trade analysisBSWUSDT according to technical analysis, trade is in the accumulation range. As it is crossing the yellow area then we will see strong bullish position. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
Long BSW BSW has been in a very great correction for a very long time after a very big pump in 24 hrs I think BSW is about to pump and it’s finding support at 0.9 and I think 0.9 is a very strong support with my following confluence
1 is already oversold at 4hr time Frame
2 trend line will be acting as support
3 formation of bullish descending triangle
4 divergence at the RSI indicated with the red line
The white lines are resistant level and should be considered as a partial Tp till the new ATH
Entry 1-0.9
SL 08-0.7
Tp 1.9-2.5
NAFA
DYOR
Bsw fresh Ideas... Dnt miss this! Currently trading below the resistance... @1.2
A break and close at @1.30 might see price moving up on a short term to 1.50...
On a long run, if price can break above 1.60...
Then we might see price testing the highs Again and possibly ATH.
Generally, I feel price will blast off the resistances
Eyes on price actions....
Arrows on chart 📉📈 shows some possibilities.....
Note: NFA
Pls, DYoR
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Ge
Analysis: BiSwap(BSW) Breaking Out; Keep an Eye BSW has been consolidating for a while, but now it has done a breakout of the triangle pattern and the 0.236 Fib in the chart, with strong increasing volume. The RSI also did an early breakout. For a successful breakout, we might need to wait for the 1.30$ resistance to be broken(colored in aqua). I'll update this analysis as time passes.
$BSW 4H CHARTHELLO ALL
We notice two things:
First:
the movement is very compatible with the RSI movement, and it bounces from the same area for the third time in a row.
Second:
EMA50 formed a very strong support line for the price and it always rebounded from it.
Now it will bounce towards the resistance line, but we are waiting for a strong momentum to break through or we will go down again.