RBLX dipped back into the channel
Updated
I am into RBLX because my kid keeps asking me to buy him coins in the game. I figured I could help him earn some coins (lol).
When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96 before dropping more. I am a novice charting queen aiming to be right. This 4hr view shows the highlights, but drilling down to the 1hr chart may help you see a more familiar to determine your entry and exit strategies. Once more price action takes place, I hope to see when RBLX will rise again (summer 2021).
When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96 before dropping more. I am a novice charting queen aiming to be right. This 4hr view shows the highlights, but drilling down to the 1hr chart may help you see a more familiar to determine your entry and exit strategies. Once more price action takes place, I hope to see when RBLX will rise again (summer 2021).
Note
I am still trying to figure out this Fib thing, but this is what I got so far... Looking for a double tap around $78/$79.Note
6/21/21 update... let's ride up toward 95ish together!!!Note
Turning point... to $95. Note
I was reviewing correction lessons and believe that RBLX is experiencing just that. Here is my prediction for the rise, fall, and ride high for RBLX.Note
missed this amazing pull back today. for me... this is a bullish butterfly trade. when this pulls back for that retest... i'm in for 3 months for the ride back past $100. i'll be scalping and swinging along the way when i catch a good play.Trade closed: target reached
i'm turning bullish on RBLX. watching for the rest of the week. happy trading.
Mommy Miles :)
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