altchicasignals

BSV ANALYSIS (PUMP, FOLLOWED BY DUMP?)

BITFINEX:BSVBTC   BSV / Bitcoin
BSV

BSV has pumped significantly topping out at .0200. This coin is known for various pump and dumps shortly after. I expect a retrace back down towards the entry zone at .015. I would not recommend a push to jump into a long right now. Wait for the retrace or short BSV down to the proper levels. If the new entry zone holds strong look for a rise back to a double top with take profits at T1 of .017 and T2 of .0185. Look for a cross of the 50 & 200 MA coming up if this pump holds. Currently 50 is JUST underneath the 200 MA. A crossover and a reversal at the entry zone is very bullish! Short term the RSI is oversold and Stoch is already pushing back down. Sellers exhausted and the wick is burning out. Expect retrace to come sooner rather than later!

Possible Entires: .01500-.01525