BSV has being gone sideways for almost 2 months and the 140-180$ range has been consolidating. Today BSV had a break out of this zone but was quickly denied back below 180$, however the selling pressure is quite weak so we can believe that BSV will continue to rise in the next few days.
The heading target is the 220$ zone. This zone is quite special since it is...
Last 4 times RSI bottomed out at 40 there was an explosion of price
298%, 70%, and 51% Bullish
Bullish divergence on the MFI
Bullish cross about to happen on Stoch RSI
Bullish 10 is over the 20 wma
Bearish price is below all moving averages
Bullish price has not made a lower low
Bullish trend is still in play, higher lows with a higher high printed this...
This ascending triangl is a bullish pattern, which is great - on the other side, weekly RSI is broken - that is bearish.
I would buy above 260 level, or you can try to catch a bottom with this ascending trend-line on the triangl. That is around 130 USD. But only investing, not recommended margin trading yet on this coin, it needs to develop a bullish trend first...
i put this Gann on months ago and while it works nicely on the hour chart i thought it could be interesting to see how things pattern into the future
#BSV
