I say that it is following the same path as BTC , wherever that will be. When BTC goes down, so does BSV . When BTC just made a small leg down, BSV followed.
Looking at this , we can see the previous leap up happened where the candles where slamming against the resistance, until it broke through with an epic rise.
Now, it's doing the same thing but in reverse. So while I've been cautious all day... it looks to me like this thing is going to eventually pop.
But, this market is probably 99% fake and is low. So be careful out there. There is still a likely pump at any time to the top of the channel, you know. Just because they can.
What's better than fiat currency that devalues when you print it over and over?
Cryptocurrency of course. Invent a coin and let the people fight to own it.
The bankers dream... All you need is a few people to blackmail and a back story... Money in the bag.
It's not probably going to hold here, but I expect some more upside over the next 2 or 3 days.
No TA to back this up, just looking at the market and where I think it is headed.