BSVUSD Daily Outlook

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

Ichimoku analysis (4- hour chart)

Tenken-Sen- $49.35

Kijun-Sen- $47.21

Major resistance- $58

Horizontal trend line- $48

Downtrend channel resistance- $46

BSVUSD has performed well after a major sell-off.

Any daily close above $60 confirms further bullishness.

The pair declined sharply after forming a minor top around Jul 30th 2024. Any major trend reversal can happen only if it closes above $126.

BSVUSD prices have surged more than 25% in the past two days. It hit a high of $41.77 yesterday and is currently trading around $40.90. The pair holds above the short-term (21 and 55-day EMA) and the long-term moving average (200-day EMA).

The near-term resistance is around $46, any indicative breach above will take the pair to $48/$52/$58. On the lower side, immediate support is $37, and any violation below targets $32/$27.

Indicators ( 4- hour chart)

Directional movement index - Neutral

It is good to buy on dips around $37 with SL around $30 for TP of $60.

TokenPost | [email protected]