Ichimoku Analysis (4 hour chart)
Tenken-Sen- $55.56
Kijun-Sen- $55.56
BSVUSD was one of the best performers today.
Any daily close above $66 confirms further bullishness.
BSVUSD was the best performer today and surged more than 25% after breaking significant resistance. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $64.27 and is currently trading around $62.45.
The bullish invalidation can happen if the pair closes below $46.80. On the lower side, the near-term support is $57.75. Any break below targets $53/$46.80. Significant downtrend if it breaks $46.80.
The immediate resistance stands at around $66. Any breach above confirms a minor pullback. A jump to $74/$100 is possible. A surge past $100 will take BSV to $173.
It is good to buy on dips around $57 with SL around $47 for TP of $100.
