Bitcoin SV Price Analysis – September 03
The Bearish trend may continue as long as sellers’ pressure is maintained or increase and the demand level of $153 will be the target, below it is a major support level at $134 and $130 price level.
BSV/USD Market
Key Levels:
Resistance levels: $185, $198, $217
Support levels: $153, $134, $130
BSV/USD Long-term Trend: Bearish
The bears are increasing their momentum and the coin is decreasing according to their pressure, in other words, BSV is bearish in the daily chart. On September 01, the bulls’ momentum increased and the price broke up the resistance level at $198, the following day, the sellers opposed the price increase with the formation of a bearish engulfing candle that penetrates former support level at $185 and the candle closes below it.
Today, a big daily bearish candle opens the BSV market and the price is declining accordingly. The price is facing the support level of $153 at the moment. The Relative Strength Index period 14 is displaying a strong bearish signal below 50 levels. The Bearish trend may continue as long as sellers’ pressure is maintained or increase and the demand level of $153 will be the target, below it are major support levels at $134 and $130 price level. At the upper side of the market, resistance levels are found at $185, $198, and $217.
BSV/USD Medium-term Trend: Bearish
BSVUSD was bullish three days ago in the 4- hour chart. Today the sellers are already in control of the market. The bullish trend was interrupted at the level above $198. The bearish engulfing candle formed and the price obeyed the command of the sellers. The former demand level of $185 could not hold the price and it breaks it down. The price is declining towards $153.
The price is already trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator is pointing downside at 25 levels to indicate a sell signal. The price at $153 may be the target of the coin.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
