BSVUSDT is moving inside a descending wedge
BSVUSDT is clearly in a trading range as it touched an important support zone in weekly timeframe it started a bullish movement.
Now in daily timeframe it is moving inside a descending wedge and it is close to resistence trendline. if BSV breaks out the wedge it can continue its bullish movement at least up to 190 and even more, otherwise we can expect another low as there are two resistences around 100 dollar first is daily bearish trendline and the second is weekly resistence level around 105 dollar. So there is a sell opportunity for BSV in this price (100$) without a good risk/reward, I'm looking for a breakout to go long and if it doesn't breaks I won't take the sell. wait for the confirmation bullish candle with average volume then enter in a pullback.
Now in daily timeframe it is moving inside a descending wedge and it is close to resistence trendline. if BSV breaks out the wedge it can continue its bullish movement at least up to 190 and even more, otherwise we can expect another low as there are two resistences around 100 dollar first is daily bearish trendline and the second is weekly resistence level around 105 dollar. So there is a sell opportunity for BSV in this price (100$) without a good risk/reward, I'm looking for a breakout to go long and if it doesn't breaks I won't take the sell. wait for the confirmation bullish candle with average volume then enter in a pullback.