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The BSV blockchain is uniquely equipped to address your business or government needs with its scalability, micropayments, and low fees.
Four pillars of BSV
Scalability - Horizontal scaling and uncapped block size improve transactions per second.
Safe and instant transaction
Security
Protocol stability
Major resistance- $58
Horizontal trend line- $48
BSVUSD has performed well after a major sell-off.
Any daily close above $60 confirms further bullishness.
BSVUSD prices have surged more than 10% in the past two days. It hit a high of $45.59 a the time of writing and is currently trading around $45.37. The pair holds above the short-term (21 and 55- EMA) and the long-term moving average (200-EMA) in the 4-hour chart.
The near-term resistance is around $4, any indicative breach above will take the pair to $52/$58. On the lower side, immediate support is $42, and any violation below targets $39/$37/$32.
Indicators ( 4- hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index- Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around $37 with SL around $30 for TP of $60.
