Bitcoin SV (BSV) Daily Price Forecast – December 18

2018-12-18 11:41

BSV/USD Medium-term Trend: Bearish

Supply zones: $150, $200, $250
Demand zones: $50, $40, $30

BSVUSD remains in a bearish trend in its medium-term outlook. The bullish pressure from the railroad formation remains strong with BSVUSD initially up at $79.12 in the supply area and later to $81.44 before the end of yesterday session.

Today’s 4-hour opening candle at $81.04closed bearish forming a bearish railroad as the cryptocurrency dropped to $78.70 in the demand area.

Price is around the 38.2 fib level a trend continuation zone. With bears pressure around this area, it implies the downtrend continuation may have resumed.

$62.60 in the demand area is up for a retest as the bearish pressure continues in the medium term.

BSV/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in its short-term outlook. The bears lost momentum for the completion of the right leg of the M structure at $75.08. This was after the formation of a bullish hammer that signals the bulls return.

Confirmation of the bulls takeover occurred after the formation of a bullish engulfing candle that got BSVUSD price up at $79.83 in the supply area. The high of the day was $81.44 before the end of yesterday session.

BSVUSD is down to $78.52 in the demand area earlier this morning an indication of the bearish pressure. This created the triple top formation. This may result in the bearish momentum needed to complete the right leg of the M at $62.60.

 

 

 

 

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

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Bitcoin SV (BSV) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $30.26
Капитализация $0 Rank 99999
Цена в час новости $ 77.8 (-100%)

supply bearish zones trend remains bsvusd medium-term

Источник: bitcoinexchangeguide.com

supply bearish → Результатов: 126


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