Bitcoin SV vs the Dollar Mapped Long-Term (Support & Resistance)
Updated
Here we have the chart for Bitcoin SV (BSVUSD) by the request of one of our supporters... We are looking at it long-term (weekly timeframe).
A new ATH (All-Time High) was hit in January 2020 for Bitcoin SV vs the Dollar.
After the ATH prices started to retrace and are now trading below EMA10.
After breaking and closing below this level, we can expect more drop.
Here I am sharing just one scenario based on the bullish perspective and the continuation of a bullish cycle. So we can expect further retrace before the continuation of the uptrend.
If support fails on the way down, then we can expect prices to move lower.
We can find support at the 0.786 Fib. retracement level as well as the purple trendlines.
This is not financial advice.
Thanks a lot for reading.
Namaste.
A new ATH (All-Time High) was hit in January 2020 for Bitcoin SV vs the Dollar.
After the ATH prices started to retrace and are now trading below EMA10.
After breaking and closing below this level, we can expect more drop.
Here I am sharing just one scenario based on the bullish perspective and the continuation of a bullish cycle. So we can expect further retrace before the continuation of the uptrend.
If support fails on the way down, then we can expect prices to move lower.
We can find support at the 0.786 Fib. retracement level as well as the purple trendlines.
This is not financial advice.
Thanks a lot for reading.
Namaste.
Note
This one is going as charted... Which means that BSVUSD is going up now.
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