2019-1-17 10:00 |
BSV/USD Medium-term Trend: Ranging
Supply zones: $150, $200, $250
Demand zones: $50, $40, $30
BSVUSD returns to a range-bound market its medium-term outlook. The lack of momentum for a defined movement by the bulls and the bears puts the cryptocurrency in a ranging scenario. BSVUSD rose to $78.99 in the supply area before the end of yesterday session after a bullish opening at $76.28.
Today’s 4-hour opening candle at $76.62 shows that the bulls are gradually staging a comeback within the range. The stochastic oscillator at 18% is in a parallel line a reflection of the ranging scenario.
BSVUSD is in consolidation and trading between $85.01 in the upper supply area and at $73.27 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taken.
BSV/USD Short-term Trend: RangingThe cryptocurrency is in consolidation in its short-term outlook. The bullish pressure was weakening after the break of the two EMAs with a bullish marubozu candle as BSVUSD rose to $78.41 in the supply area. The bears returned dropped the cryptocurrency to $75.83 in the demand area before the end of yesterday session.
With price below the two EMAs and the stochastic oscillator points up at 27% it suggests that some bullish momentum may occur within the range.
TRXUSD is in consolidation and trading between $80.00 in the upper supply area and at $74.92 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Bitcoin SV (BSV) на Currencies.ru
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