• Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
Digital Skill Institute
  • Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
      • Login

    Uncategorized

    • Home
    • Blog
    • Uncategorized
    • Bears are Dominating Over Bulls

    Bears are Dominating Over Bulls

    • Posted by DigitalLeonard
    • Categories Uncategorized
    • Date March 14, 2022
    • Comments 0 comment

    [ad_1]

    Bitcoin SV Price Analysis – March 14

    Further increase in the bears’ pressure will decrease the price to break down the support level of $66 which may expose the price to $50 and $40 price level. In case the support level of $66 holds, the price may increase towards the resistance level at $82, $105 and $123.

    Key Levels:

    Resistance levels: $82, $105, $123

    Support levels: $66, $50, $40

    BSV/USD Long-term Trend: Bearish

    On the daily chart, Bitcoin SV is bearish. Last week, the coin was on the ranging movement in the daily chart. The former support level at $82 holds and the bearish momentum is not enough to push the price below it. The dynamic resistance level was strong to the bulls. On March 10, the bears increase their momentum and push down the price below the support level of $82 and it is approaching the $66 support level.

    Daily 18

    The two EMAs are bending down to follow the direction of the price. The crypto continue its trading below the 9 periods EMA and the 21 periods EMA which indicate bearish momentum. Further increase in the bears’ pressure will decrease the price to break down the support level of $66 which may expose the price to $50 and $40 price level. In case the support level of $66 holds, the price may increase towards the resistance level at $82, $105 and $123.

    BSV/USD Medium-term Trend: Bearish

    Bitcoin SV is on the bearish movement on the medium-term outlook. The bears eventually dominates the Bitcoin SV market. The momentum of the bears increases and the price decline to break down the support level at $82. The price is decreasing towards the support level of $66.

    4 hours 9

    The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears are in control of the market. The relative strength index period 14 is below 28 levels displaying a bearish signal.

    You can purchase Lucky Block here.  Buy LBlock:

     

    Share with other traders!



    [ad_2]

    Source link

    • Share:
    author avatar
    DigitalLeonard

    Previous post

    USD/CHF Appears Stable Near 0.9400 Despite Instability About Federal Reserve System Rate Policy
    March 14, 2022

    Next post

    Bitcoin Supply on Exchanges Drops to Three-Year Low Despite Bearish Price Action
    March 14, 2022

    You may also like

    shutterstock_1793468572-min-scaled.jpg
    Bitcoin Supply on Exchanges Drops to Three-Year Low Despite Bearish Price Action
    14 March, 2022
    america-3125467_640-1.jpg
    USD/CHF Appears Stable Near 0.9400 Despite Instability About Federal Reserve System Rate Policy
    14 March, 2022

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Step By Step Website Design Tutorial For Beginners

    Step By Step Website Design Tutorial For Beginners

    ₦10,000.00
    How To Create A Professional Website Without Coding

    How To Create A Professional Website Without Coding

    ₦150,000.00 ₦5,500.00
    Digital Marketing Institute Logo
    +2348165842119
    support@digitalleonard.com
    Facebook-f Twitter Google-plus-g Pinterest

    Company

    • About Us
    • Blog
    • Become An Instructor
    • Contact

    Links

    • Courses
    • Events
    • Gallery
    • FAQs

    Support

    • Join Our YouTube Channel
    • Telegram Forum
    • Facebook

    Recommend

    • BINANCE
    • BYBIT
    • HUOBI
    • KUCOIN
    • OKEX
    • BITGET

    Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

    • Privacy
    • Terms
    • Sitemap
    • Contact

    Login with your site account

    Lost your password?