• Cryptocurrencies: 3431
  • Markets: 20635
  • Market Cap: $280675601460.73
  • 24h Vol: $183143995813.02

BCH SV Daily Analysis: Re-test of Resistance Trendline

What do the charts say? 

Bullish

  • BCH SV or SV has tested the incline trendline three times over the past weekend – refusing to break through it.
  • Nouvive Intelligence indicates that there is rising market sentiment and increased trades on SV.
  • Accumulation continues, reaching near its all time high.
  • A refusal to jump from current levels with a reversal, allows the RSI Stochastic to indicate that there is still more room to go.
  • Volume is currently constrained and restricted – indicating that a large volatile move will occur shortly.

Bearish

  • A break-down from current levels or $97.10 would see SV fall to $94.81 to fill the gaps at that level before seeking a reversal similarly to the 9th December 2018.

Nouvive Says: SV looks bullish from current levels – giving the indicating that we will see today that the trendline at $102 is re-tested for the third time. There will be a breakout to $112-116 during the course of the week based on investor sentiment, increased trades and increased accumulation.

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

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.

Show Your Views:
  •  (2)
  •  (0)
  •  (0)
  •  (0)
2247

ViFeed Indicators

Bitcoin (BTC)
$9636.18
0.00 RSI
-1.59%
--
Ethereum (ETH)
$258.29
0.00 RSI
2.17%
--
XRP (XRP)
$0.28
0.00 RSI
-1.33%
--
Bitcoin Cash (BCH)
$402.37
0.00 RSI
-0.79%
--
Bitcoin SV (BSV)
$307.48
0.00 RSI
10.92%
--
Litecoin (LTC)
$72.47
0.00 RSI
0.23%
--
Tether (USDT)
$1
0.00 RSI
-0.18%
--
EOS (EOS)
$4.36
0.00 RSI
1.66%
--
Binance Coin (BNB)
$22.96
0.00 RSI
-0.51%
--
Tezos (XTZ)
$3.06
0.00 RSI
0.24%
--
Do you withdraw your profit?