• On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $225 resistance level.
• On the other hand, if the bulls fail to break the EMAs, the price will continue to range below the EMAs.

BSV /USD Medium-term Trend: Bearish

• Resistance Levels: $250, $275, $300
• Support Levels: $225, $200, $175

Yesterday, July 24, the price of BSV was retracing from the $175 resistance level. The crypto's price is retracing and has fallen to the support of the 26-day EMA. In retrospect, on July 16, after the downward trend correction at the $110 price level, the bulls made an upward move to break above the EMAs but was resisted at the $175 price level.

On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $225 resistance level. On the other hand, if the bulls fail to break the EMAs, the price will continue to range below the EMAs.The BSV coin is at the oversold region of the daily stochastic but above the 60% range. This indicates that price is in the bullish momentum and buy signal.

BSV/USD Short-term Trend: Ranging

On the 1-hour chart, the price of BSV is in a sideways trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is characterized by small body candlesticks which describe the indecision between the buyers and sellers at the current market price.

The crypto's price fluctuates between the levels of $156 and $170 price level.
The daily stochastic is in the oversold region but below the 20% range. This indicates that price is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.