FxWirePr0- Top altcoins of the day (BSVUSD)

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.

TokenPost | [email protected]