Bitcoin Cash SV Reaches Support, Might Bounce (Analysis)

AlanSantana Updated   
Bitcoin Cash SV (BCHSVBTC) might bounce... Here is why.

Looking at its price, it has reached a strong support. The last time this support was tested BCHSV had a strong wave up.

So this scenario can easily repeat itself:

  • We have the RSI oversold, which also happened back in mid Dec.
  • Slow steady decline...
  • The only part missing is a big volume breakout...
  • We will wait for the signal...

Note: This is not trade advice.

Thanks a lot for reading.

Remember to hit LIKE!

Trade active:
Targets on chart (purple lines).

(1) Target hit @0.0226
BSVUSD Analysis:
Trade: Bitcoin Cash SV (BCHSVBTC)

BUY: 0.0200 - 0.0210


(1) 0.0226 -Reached 11-Jan. (+10%)
(2) 0.0230 -Reached 11-Jan. (+12%)
(3) 0.0238 -Reached 13-Jan. (+16%)
(4) 0.0245 -Reached 13-Jan. (+19%)

STOP: Close daily below 0.0200.

You can expect additional bullish action from this one. Targets on chart.

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