Sovryn (SOV)
Sovryn is a noncustodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. A DeFi platform for Bitcoiners, Sovryn allows users to trade Bitcoin natively and permissionless on a decentralized application.
Anyway, SOV chart is simple: SOV has been in a deep correction since birth. Then SOV broke the downtrend line, and a new upward phase started. It is clear that SOV has been making higher highs and higher lows and is currently being at a new low. SOV's chart shows promising room for growth. Let's see what happens.
P.S. Be careful since SOV trading volume is very low.
Anyway, SOV chart is simple: SOV has been in a deep correction since birth. Then SOV broke the downtrend line, and a new upward phase started. It is clear that SOV has been making higher highs and higher lows and is currently being at a new low. SOV's chart shows promising room for growth. Let's see what happens.
P.S. Be careful since SOV trading volume is very low.
Trade active
So, as it turned out SOV is moving in a big inverted-wedge pattern. Currently, SOV is at the bottom; have to wait for confirmation when SOV breaks the downtrend line. Let's see what happens.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.