We already have an active trade for Bitcoin Cash SV, this altcoin always has problems with its names... (just a quick joke).
So this is a friendly reminder to let you know that this one is about to move. Since this is one of the most manipulated altcoins in the market, you can expect big up when it does its breakout.
First, here is our active trade for BCHSVBTC:
Now, let's get to the signals... Oh wait... Perhaps you want to hit like first! Your support is truly appreciated!
Ok, now... Let's get started... Let's trade!
A Doji is one of the most telling signals for reversal of a trend when you are doing candlesticks reading, and we have two high volume dojis on these charts above (I am looking at both Binance and Bittrex). One on the 6th Feb. followed by one today (18 Feb.).
These high volume dojis, the MACD crossover, and the RSI trending up, are enough signals to support buying and profiting, very soon, from this coin.
So I am going to keep it simple, let's sit back and relax, buy and hold... Profit on the way up.
Conditions for change: If BCHSVBTC (BSVBTC) goes down and closes below 0.0168 on the daily time frame, the above signals are invalidated and a new analysis is needed. In the case you like this altcoin and want to try it again (if the bear scenario plays out), you can simply leave a comment and I will take care of the rest.
Thanks a lot for reading... I will have more content and great profitable safe trades for you shortly.