• On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will rise and retest the $200 and $240 price 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 29, the price of BSV was in a range bound move below the 12-day EMA and the 26-day EMA. Before this time, on July 16, the downward trend was corrected at the $110 price level. As the support level was holding, the bulls made an upward move and broke  the EMAs. However, at the bullish trend zone, the bulls were resisted at the $180 price level and the price fell back to the bearish trend zone.

The coin is in a range bound move below the EMAs. On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will rise and retest the $200 and $240 price 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 overbought region of the daily stochastic but below the 60% range. This indicates that price is in the bearish momentum and sell 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. On July 27, the price fell to the support of the $145 and commenced a range bound move below and above the EMAs indicating that price is in a sideways trend.

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 daily stochastic is in the oversold region but above the 40% 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.