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BSV - USD chart

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Steeve Fragnière has asked me my opinion on the BSV USD chart.

At first glance it looked awful.

However if you flip it to a regular (non log scale) it looks quite interesting !

Price is moving inside a broadening (megaphone) wedge pattern.
If BSV flips to bullish mode, which I think it will do, a reasonable short term price objective would be 700 USD.

There is a heavy volume by price resistance up to the 200 USD level. If it succeeds to get above 200 USD price could move dramatically.
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BSV has definitely BOTTOMED against the USD.

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