Disclaimer: This article is not intended as an investment advice and published for educational purposes only. BTC markets are highly volatile and risky in nature. DYOR before making any investment decision rather than listening to a stranger over the Internet.
Bitcoin Cash hard fork in Nov 2018 gave birth to two chains: Bitcoin CashABC (BCHABC) and Bitcoin Satoshi Vision (BSV). After much controversy and attempts to take over the original BCH chain, both decided to live as a separate chain. We do not want to go into much fundamentals here and what both coins have to offer, let’s get to the TA of BSV.
BSV-USDT
BSV, immediately after the fork and exchange listings, got dumped hard and fell from an initial value of around 300 USDT to 37 USDT, losing almost 85% of its value within days. Now it seems to be stabilized, found support at 37 USDT and started an uptrend. Currently trading at 64 USDT, the following chart highlights some support levels and extended TP targets. If you are long, consider taking partial profits at 83.50 USDT and 102.50 USDT with an extended target of $133.25 as highlighted by yellow lines on the chart.
BSV-BTC
The following chart is BSV-BTC pair on Binance. BSV, after finding support around 0.0088 BTC, started an uptrend and gained almost 100% profits within two days. Currently trending around 0.016 BTC, the chart highlights the TP areas around 0.019, 0.023 and an extended target of 0.030 BTC.
These are pretty Sweet Gains considering the overall bear market.
Stay Tuned and Happy Trading!
