BLOCKv Rally Review
On a 4hr time frame we can see a nice rally with correction moves, for next entry we need to wait for the next correction.
The recent moves are showing, whenever, RSI is getting exhausted and entering the overbought zone then pull back or price correction starts.
This time RSI once again extremely overbought and the resistance resistance is found at $0.03972 (nearly 4 cents).
I am expecting the next correction from here and if during the pull back price drops between $0.02538 to $0.02077 support levels, then it can be a very nice entry here.
The recent moves are showing, whenever, RSI is getting exhausted and entering the overbought zone then pull back or price correction starts.
This time RSI once again extremely overbought and the resistance resistance is found at $0.03972 (nearly 4 cents).
I am expecting the next correction from here and if during the pull back price drops between $0.02538 to $0.02077 support levels, then it can be a very nice entry here.
Trade active
Broke out $0.03972 (nearly 4 cents) resistance and found a new resistance at $0.04562, and also getting rejected by an up trendline resistance, and RSI is still overbought.
Trade closed: target reached
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.