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

BSVUSD remains in a range-bound market its medium-term outlook. No winner between the struggle for dominance between the bears and the bulls as the cryptocurrency continues in the range.

The formation of a gravestone doji at $78.99 in the demand area was an indication of bulls return. BSVUSD rose to $78.23 in the supply area before the end of yesterday session.

Today’s 4-hour opening candle at $77.25 was above the 10-EMA as the bulls sustained their momentum with the stochastic oscillator at 44% and its signal pointing up which implies upward momentum in price in the medium-term.

BSVUSD is in consolidation and trading between $84.00 in the upper supply area and at $73.00 in the lower demand area of the range. Traders should wait for a breakout at the upper supply area or breakdown at the lower area with a retest before a position is taken.

The cryptocurrency continues in consolidation in its short-term outlook. $78.23 was the high attained due t the bullish pressure within the range yesterday while the bears ensure that a low at $75.74 in the demand area was attained by the crypto.

Today’s 1-hour opening candle at $76.79 was bullish hence a move to the upside as the bull pressure becomes strong in the range. This was supported by the stochastic oscillator signal at 50% pointing up. This suggests upward momentum in price in the short-term within the range.

TRXUSD is in consolidation and trading between $80.00 in the upper supply area and at $74.92 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

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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