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Blocklong

Square/Block Analysis 25.11.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
2
BLOC, one of the most underrated gems ! 10x short term targetWhere do I have to start? Well.. short: it's a kind of a no-brainer. Just buy it ! Fundamentals: Blockcloud (BLOC) is a TCP/IP archtecture where IOT meets blockchain. This company already had 10 years experience in IoT business and has more than 8M connected devices in vehicle, industry, smart home sector, edge computing and so on. Low cost, tamper proof, anti theft, real time, high TPS. The 1st blockchain platform with a superfast and efficient consensus mechanism. We also know that IoT, 5G and edge computing will conquer the world and better to be safe than sorry.. early in the game as well, like.. now? Technically: Bloc has a market cap of 10B tokens, with a price level of 0.00075 usd/token. That's a 4th digit behind the comma. Fully diluted market cap would be only 7.4M usd. Bloc has bottomed clearly after a double bottom, a peak in the middle, EMA's turned into bullish order around Feb. this year. We had some instant spikes, which are whales buying up cheap. Atm we are having a small pullback, which is futile concerning the short term target, which imo is at least a 10 X ! First we will double shortly to 0.0012 usd, which will meet an old high and leave the old resistance zone below 0.0006 behind. As the EMA'S, 21,50,100 are all bullish now, and we are clear above the descending yellow trendline, there's no stopping anymore. Next target is 0.003 usd, with resistance until 0.005 usd and finally we should reach the value of the ICO at 0.0076 usd, which is exactly a 10 X from here on. On the right chart I have magnified the chart to show the potential of Bloc on a midterm base, but not an unrealistic target.. The inverted FIB levels show we could reach easily after breaking the ATH and the ICO level.. 0.012 usd, and 0.02 usd. Eventually there's a potential of a 50x until 0.033 usd. And this is even far from the target of 1 usd which certainly some folks have in mind. It might be mindblowing at first sight, but nothing is impossible in this big and disruptive tech world with a rapid changing trend. If this coin gets real practical use and will be implemented in IOT and Edge computing.. what you think 5G will add to the game? Fasten your seatbelts. Unless you want to leave this gem and not get rich quickly. This coin is so underrated, that it's hard to believe it's that cheap.
BLong
by Wolverinos
15