Bitcoin SV (BSV) Long-term Price Analysis – December 29

2018-12-29 13:25

BSV/USD Long-term Trend – Ranging Distribution territories: $110, $130, $150 Accumulation territories: $60, $50, $40

BSV/USD market valuation has been trending southwards by basically featuring lower lows until yesterday early trading hours since this week’s trading sessions commence. On December 21, the crypto got a high value a bit above $130 mark.

Towards the end of the December 21 trading sessions, the crypto-market began moving in a range along with the 14-day SMA over the 50-day SMA until around Dec. 24. On Dec. 25, the US dollar overwhelmed the crypto once again by pushing it southwards further during which the 50-day SMA was broken downwards to average $80 mark. Price has been now hovering a bit above the 14-day SMA. The 50-day SMA is situated over the 14-day SMA. The Stochastic Oscillators have headed north direction a bit below range 80.

BSV/USD market now seems set to start experiencing another ranging mode around the 14-day SMA. Bears still appear to be in control of this crypto-market trading activities but then, it’s not ideally safe to launch a short position at this point in time. Therefore, traders may still need to await strong price action to observe a decent entry position.

 

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 $ 88.61 (-100%)

bsv usd territories december trading 130 long-term

Источник: bitcoinexchangeguide.com

bsv usd → Результатов: 29


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