- On July 10, the bears broke below the EMAs as price approaches the low of $150.
- From the Fibonacci tool, the coin is in the 0.618 (61.8%) Fib. retracement level.
BSV /USD Medium-term Trend: Bearish
- Resistance Levels: $250, $275, $300
- Support Levels: $225, $200, $175
Yesterday, July 10, the price of BSV was in a bearish trend. The bears broke away from the sideways trend to resume a downtrend. After the downward correction at the low of $200, the coin was in a range bound move below the EMAs. On July 10, the bears broke below the EMAs as price approaches the low of $150.
From the Fibonacci tool, the coin is in the 0.618 (61.8%) Fib. retracement level. The Fib. retracement level is a downtrend zone. The previous trend is presumed to be terminated. From the price action, and if the downtrend continues the crypto’s price is likely to reach the previous low of $100 price level. The BSV coin is at the oversold region of the daily stochastic but below the 40% range. This indicates that price is in the bearish momentum and sell signal.
BSV/USD Short-term Trend: Bearish
On the 1-hour chart, the price of BSV is in a bearish trend zone. The 12-day EMA and the 26-day EMA are sloping southward. The bears broke below the EMAs and reached the low of $150 but the bulls pulled back to commence a range bound move below the EMAs. The daily stochastic is in the oversold region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.
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