Supply zones: $150, $200, $250
Demand zones: $50, $40, $30

BSVUSD continues in a range-bound market its medium-term outlook. The bullish momentum was exhausted at $75.70 in the supply area after two attempts for upward price movement was rejected at the 50-EMA.

$73.27 in the demand area was the low the bears' pressure could drop the coin as it consolidates in the medium-term.

Price is above the 10-EMA and the stochastic oscillator signal points up at 34% an indication of an upward momentum may occur within the range.

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.

The cryptocurrency remains in consolidation in its short-term outlook. The strong bearish pressure pushed price down south leading to the break of the lower demand area at $74.92. BSVUSD further dropped to $73.27 in the demand area before the end of yesterday session.

The bulls are staging a comeback after today’s opening with the cryptocurrency back in the range at $75.95. The stochastic oscillator signal points up at 46% and price is above the two EMAs crossover it 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.

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