BSV/USDT daily chart

BSV/USDT daily chart

Gate Trade Bitcoin SV (BSV) Saturday, May 2, 2020 401 0

This suggests that BSV, the sixth-ranked cryptocurrency on CoinMarketCap, is likely to remain range-bound for a few more days. 

A break above $233.314 will indicate that the bulls have overpowered the bears. Above this level, a rally to $268.842 is possible.

Conversely, if the bears sink the price below the support at $203.40 and the 20-day EMA ($195), a drop to $187.160 will be on the cards. Therefore, the stop-loss on the long positions can be trailed higher to $195.