AlanSantana

Bitcoin Cash SV (BCHSVUSDT) Reversal Signals Is In (35% - 80% PP

Long
Bitcoin Cash SV (BCHSVUSDT) is giving out a very clear reversal signal, so it is very likely to move up and generate some good profits.

  • You can see the line I have marked on the chart as stop loss (brown dotted line).
  • Price went below this line just to quickly bounce up, forming a Doji candlestick (marked light blue on the chart). When this candlestick shows up at the end of a trend, it is a clear reversal signal.
  • Bitcoin Cash SV has been retracing since the 22nd December, and now you can consider this retrace complete.
  • Volume increased significantly compared to past days.
  • Profits potential on this bounce can range from 35 to 80%.
  • Targets, stop loss and additional details marked on the chart.
  • Condition for change: If BCHSVUSDT moves down and closes below $61. The above signals would be invalidated and a new analysis is needed.

A view on a shorter time frame:
- The signal here is different but it can be seen that a reversal is on its way.

Note: We use a manual stop loss:
Thanks a lot for reading.

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