THIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
BSV is now above the resistance at $350.00; sitting ontop of the ascending triangle it was trading in for awhile. It now is gaining momentum against USD, BTC, and ETH. From my analysis, I will depict $500.00 as the major technical breakout...
After the impulse a flag appeared, it did not work out; nevertheless, it helped to avoid a rapid rollback down. Now, the probability of a collapse to $ 180 has significantly decreased, although the Power balance indicator signals a decline. Most likely, the rate will drop to $ 200 and stay in a flat by the end of the weekend. Starting from Monday, the volatility...
BSVXBT could give a very good entry point in the short term if the market turns bullish again. We are at the lowest support level but long term support is still holding for now. The RSI of yesterday's dip has been the lowest EVER which could indicate a long term bottom.
On the fundamental side we have a lot of innovation going on in the BSV ecosystem and also a...
