Ixabiso le-Bitcoin SV Liyancipha ukuya kwiNqanaba le-50 yeedola, uBullish ukuguqulwa okulindelweyo

UAzeez Mustapha

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Uhlalutyo lwamaxabiso eBitcoin SV-Meyi 16

An increase in the sellers’ momentum may breakdown the support level at $50 level and may reduce the price to $45 and $40 price level. Failure to break down the $50 price level may result to price reversal and price increase towards the resistance levels of $73, $87 and $105.

Amanqanaba aphambili:

Amanqanaba okumelana: $ 73, $ 87, $ 105

Amanqanaba enkxaso: $ 50, $ 45, $ 40

I-BSV / i-USD yexesha elide iTrendar: Qalisa

On the daily chart, Bitcoin SV is bearish. The Bitcoin SV produced a chart pattern called bearish engulfing on the daily chart at the resistance level of $105. The crypto follows the direction of the bearish chart pattern. A massive daily bearish candle was produced which engulfs the previous candles. The support level of $73 was tested and broke down. It is currently testing the support level of $50.

 Bitcoin SV is trading below the 9 periods EMA and 21 periods EMA on the daily chart while the fast moving EMA remains below the slow moving EMA as a bearish movement indication. An increase in the sellers’ momentum may breakdown the support level at $50 level and may reduce the price to $45 and $40 price level. Failure to break down the $50 price level may result to price reversal and price increase towards the resistance levels of $73, $87 and $105.  However, the Relative Strength Index (period 14) is below 30 levels with the signal line pointing down to indicate sell signal.

I-BSV / i-USD yeXesha leXesha eliPhakathi: Qalisa

Bitcoin SV is bearish on the 4 hour chart. The Crypto broke out of consolidation movement that took place at $87 price level last week. When the resistance level of $105 was tested the price repelled and move down to the support level of $50. At the moment, the price is trading with the bearish pressure at $50 support level.

The two EMAs are separated from each other and the price is trading below the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 44 levels displaying bearish signal.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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