Bitcoin SV, Monero, Waves Price Movement Analysis for 4th April, 2021

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Bitcoin SV rose dramatically to $267 before plummeting just as rapidly. Monero saw sellers jump in to push rates below $250, but the fight was still unresolved, and XMR had yet to fall below $245. The waves developed a megaphone pattern, which may cause it to grow to $14.32.

Bitcoin SV [BSV]

In recent days, Bitcoin SV soared beyond the $218 mark to cross the 38.2 percent extension level at $267, only to crash back down to $215-$218 once more.

As BSV jumped to trade at $223 at the time of publishing, the RSI dropped from overbought to below neutral 50. The circulation of Bitcoin would have a major impact on BSV. If BTC will hold the $56,700 level for the next 24 hours and climb up towards $60,000, BSV is likely to suit.

Monero [XMR]

Bitcoin SV, Monero, Waves Price Analysis: 04 April

Source: XMR/USDT on TradingView

Monero experienced a bearish divergence between the price and the MACD, causing XMR to retreat to the demand zone of $251-$255. However, selling pressure increased, and the price fell below the demand zone, reaching $247, which has previously served as support.

RECOMMENDED READ:  Waves, Bitcoin SV, VeChain Market Analysis For 16th January 2021

In the short term, the leverage is with the bears, but if bulls can withstand the selling pressure and hold stocks above $245, a fast rebound might be expected in the coming days. According to the OBV, recent selling volume was large but insufficient to balance out the purchasing volume of the rally from $215.

Waves [WAVES]

Bitcoin SV, Monero, Waves Price Analysis: 04 April

Source: WAVES/USDT on TradingView

On the maps, WAVES developed a right-angled, broadening ascending pattern. This trend usually makes the market break out upward, and in this case, a technical target of $14.32 is presented. However, it is possible that a throwback could occur, with WAVES visiting $11.23.

A trading session close below $11.23 would indicate that WAVES was expected to suffer more losses. At the time of publishing, the Chaikin Money Movement had returned to a neutral region, suggesting that buyers and sellers were in market equilibrium.

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