The short term support around $150 has been tested twice, and usually it breaks down the third time. In addition, there is a clear head and shoulder pattern formed since Mar'20 under a long term descending trend line. Historically, there was another head and shoulder pattern for BSV in 2019, and the chart tells the story of what happened in Apr'19.
I know everyone is waiting for a BSV pump, but if you connect all historical lows together, you can see how far BSV now is away from the long term support (around $100). And you can also see every BSV pump is actually after two hits of the long term support. So if you really want BSV to soar soon, please begging for another $100 revisit first, otherwise BSV will stay sideways until Apr'21, when the triangle will close and the price will have to make a decision.
I know everyone is waiting for a BSV pump, but if you connect all historical lows together, you can see how far BSV now is away from the long term support (around $100). And you can also see every BSV pump is actually after two hits of the long term support. So if you really want BSV to soar soon, please begging for another $100 revisit first, otherwise BSV will stay sideways until Apr'21, when the triangle will close and the price will have to make a decision.