2019-1-18 09:33 |
BSV/USD Medium-term Trend: Ranging
Supply zones: $150, $200, $250
Demand zones: $50, $40, $30
BSVUSD remains in a range-bound market its medium-term outlook. No winner between the struggle for dominance between the bears and the bulls as the cryptocurrency continues in the range.
The formation of a gravestone doji at $78.99 in the demand area was an indication of bulls return. BSVUSD rose to $78.23 in the supply area before the end of yesterday session.
Today’s 4-hour opening candle at $77.25 was above the 10-EMA as the bulls sustained their momentum with the stochastic oscillator at 44% and its signal pointing up which implies upward momentum in price in the medium-term.
BSVUSD is in consolidation and trading between $84.00 in the upper supply area and at $73.00 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 continues in consolidation in its short-term outlook. $78.23 was the high attained due t the bullish pressure within the range yesterday while the bears ensure that a low at $75.74 in the demand area was attained by the crypto.
Today’s 1-hour opening candle at $76.79 was bullish hence a move to the upside as the bull pressure becomes strong in the range. This was supported by the stochastic oscillator signal at 50% pointing up. This suggests upward momentum in price in the short-term 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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