nagihatoum

BSV breaking down from ascending channel

Short
nagihatoum Updated   
BITFINEX:BSVUSD   None
Consolidation below $172 is a bearish trend confirmation. This is the same idea as before, it happened back then that BSV bounced and didn't trigger the bearish case. Now it is the same situation. Still possible it will bounce, but considering overall market conditions that are bearish, this time around BSV is more likely to trigger bearish.
Comment:
BSV broke out of descending channel, bearish scenario never triggered, first targets are listed on the chart

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