Steeve Fragnière has asked me my opinion on the BSV USD chart.
At first glance it looked awful.
However if you flip it to a regular (non log scale) it looks quite interesting !
Price is moving inside a broadening (megaphone) wedge pattern.
If BSV flips to bullish mode, which I think it will do, a reasonable short term price objective would be 700 USD.
There is a heavy volume by price resistance up to the 200 USD level. If it succeeds to get above 200 USD price could move dramatically.
At first glance it looked awful.
However if you flip it to a regular (non log scale) it looks quite interesting !
Price is moving inside a broadening (megaphone) wedge pattern.
If BSV flips to bullish mode, which I think it will do, a reasonable short term price objective would be 700 USD.
There is a heavy volume by price resistance up to the 200 USD level. If it succeeds to get above 200 USD price could move dramatically.
Trade active:
BSV has definitely BOTTOMED against the USD.