However, if the bulls can push the BSV/USD pair above $227, a new uptrend is likely. The first target on the upside would be $268.842 and above it $319.424.
Conversely, if the pair turns down from the current levels and plummets below the support line of the triangle, it will signal weakness. Below $170, the pair can decline to $146.20 and then to $100. Therefore, the stops on the long positions can be kept at $165.