BLOK/USDT BULLISH STRUCTURE
Bullish Structure from monthly all the way down to daily time frame
Situation in Monthly time frame
Weekly
*In weekly time frame we have the same situation that we have in Monthly.
Daily
* In daily time frame If we take the fibonacci from low to high we can see that the price is respecting the .786 fibonacci level.
Also we have a M formation where we can definitely expect the completion to the Neckline.
Conclusion
In conclusion we can see that the structure in all the higher time frames is in confluence. In short term we can definitely expect the continuation to the upside at least to the neckline of the M formation. Also in long term we can expect a new higher high.
Situation in Monthly time frame
Weekly
*In weekly time frame we have the same situation that we have in Monthly.
Daily
* In daily time frame If we take the fibonacci from low to high we can see that the price is respecting the .786 fibonacci level.
Also we have a M formation where we can definitely expect the completion to the Neckline.
Conclusion
In conclusion we can see that the structure in all the higher time frames is in confluence. In short term we can definitely expect the continuation to the upside at least to the neckline of the M formation. Also in long term we can expect a new higher high.
Trade active
Price is on the way to the first targetTrade active
Price came back to entry point but we can definitely expect the price to reach our first targetTrade closed: target reached
Trade active
Our first target have been reach. Now we are aiming to our second target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.