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  • Market Cap: $122099689203.07
  • 24h Vol: $15551947097.744

BCH SV Daily Analysis: The Climb to All Time High

BCH SV has fallen to exactly the level that Nouvive and Nouvive Intelligence wants it to $89. From there, it will be a slow, yet uphill battle to the All Time High of $141.

What do the charts Say? 

Bullish

  • BCH SV is currently in a bullish triangle pennant, this means that when it breaks out from $100, it will fill the gap at $110 before deciding to climb to fill the last gap at $120.
  • BCH SV on the higher time frames has filled a double bottom, the market disagrees it will go below the level fo $89.
  • Volume is decreasing, meaning a volatile move will occur.
  • RSI Stochastic has crossed-over at current levels; this coupled with the rising Accumulation indicates that it will rise to the top of the pennant at $100.
  • Nouvive Intelligence points out that market sentiment is rising to previous highs and this is currently not a crowded trade.
  • Both bottoms occurred on the 0.5 Fibonacci, a move to fill the volume gap and to the tip of the triangle pennant is at the 0.618 fibonacci.

Bearish

  • It is unlikely but BCH SV may fall to fill the volume gaps at $87 and $77 where the 0.382 fibonacci is currently at.
  • If that happens, it will past the previous local low of $85, meaning above down to the 0.236 fibonacci is likely and closer to the previous support at $55.71

Nouvive Says: 

  • Traders: An entry at $90 to the tip of the triangle and below the 0.618 fib is an 11% move and based on market sentiment may occur within the next 10 days.
  • Investors: An entry at $88 and a stop loss at $85 with a take profit at $120 will occur based on Market sentiment by the end of the year for a 30% gain.

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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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