BlockNet 200% Growth PotentialFrom September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56.
The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended.
Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving highre.
Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.
Block
XRP/BTC - UAE Central Bank Block Chain Partnership Announcement I am slightly shocked that there are very few charts dealing the latest announcement with Saudi Arabia's Central Bank signing a partnership deal within the last 24 hours. This is a MASSIVE bull FLAG as an early indicator; especially given XRP's prevalence of professionalism and partnership with major global banks. This is huge in my opinion. My chart may not be reflective of actual movement, as it can be so difficult to ascertain future price movement when such big news comes into play. For this reason, I am coming from a more fundamentalist point of view, with a few technical indicator and techniques used to add validity however; i expect a mammoth spike in price, with a HUGE bull run, and incredibly hard to predict,
I feel at this moment; historical candle trending combined with levels of support, resistance and fib levels, amalgamated with fundamentals, is the best way forward for now to get a handle and prediction on anticipated valuation on what WILL be a significant price break out.
The last pennant highlighted in red continued on to a bearish trend however; the current trend, is staying within the larger pennant with the exception of a few candles leading astray out of the pennant, only to quickly return. Again, there a signals EVERY where. Do not MISS this/
BlockNet VS Bitcoin Inverted Head And ShouldersBlocknet has been moving downwards for over three months, after reaching btc 0.007 high in August 2017. Price declined down to btc 0.001, resulting in 85% loss to the Bitcoin. Since December BLOCK/BTC has been recovering and went up as high as btc 0.005, while breaking above the 200 Moving Average.
The MA has been acted as a support that clearly was respected by the market. After the last rejection of the Moving Average, BlockNet broke above the neckline trendline of the Head And Shoulders pattern, suggesting the continuation of the uptrend towards previous highs. The resistance area is between btc 0.0065 and 0.0075 which is expected to be reached in the short to medium term.
On the downside, the support area is based between btc 0.0028 and 0.0024, where only daily break and close below could invalidate bullish outlook.
Blocknet bullflag - rough target +25%looks like BLOCK/BTC has formed a large bullish flag continuation pattern. target price is a rough estimation and is labeled on the chart. could go higher than that, could also not go higher than that. if it follows this pattern I've outlined but doesn't make a new all-time high, then this could signal a double-top reversal.
fundamentals on this coin are very strong - AFAIK it's a decentralized exchange coin that has had a working test product for a while now.
trade at your own risk.
Watching DAILY to pullback on a BUY order blockLiquidity area of 1.05000 (red rectangle) was reached in the last up impulsive move (blue line), breaking the downtrend structure. Since then, a pullback is under developing. We should expect new buy orders around 1.04000 (blue rectangle), and I'm aiming for long term targets as explained on the monthly related idea.
Short Cable at the 1.6180 Institutional LevelI believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.