BSV/USD Long-term Trend – Ranging
- Distribution territories: $90, $100, $110
- Accumulation territories: $50, $40, $30
A decline that occurred on January 28 in the market valuation of BSV/USD has only made it to seeing lower lows and lower highs until now. The market present range areas are found within $70 and $60 marks.
Price has continued to chop along with the 14-day SMA bit downwards than it did during the trading sessions. But then, the same range zones are still being maintained with the two indicators located within it. The 50-day SMA is nearly situated over the 14-day SMA. The Stochastic Oscillators have opened hairs to point north below range 60 to suggest possibility of witnessing more ups than downs in the market.
BSV/USD market appears to still keep its current price movement mode through the next trading periods within or around the same range points. As there has been no visible intense market movement, therefore, traders are advised to exercise caution in placing any order in this crypto-trade.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.