BLOKUSDT trade ideas
BLOKTOPIA - BLOKUSDT - Distribution Completed, New Buy ZoneNot financial advice.
Bit of a messy chart but it seems pretty clear.
BLOK has long term great fundamentals and I'm bullish in the long term.
In the short term - 4hr/D - looking like we're going to be retracing down to the buy zone marked on the chart.
Lots of price action levels that have confluence with fib retracement from bottom to top of the recent move to our local high around 0.14.
overall an opportunity to get in if it dips. Maybe a good time to take profits and look for a reentry lower if you're active enough.
could see this grinding out lower than 0.10 if the project fails to move soon. The launch will be in March 2022 - and this will only be a 1st floor launch. So long term - this is a strong play, short term - investors may be impatient and smart money will accumulate lower.
Invalidation: if bullish volume returns and we close a 4 hour candle roughly above the red box zone - than we should we looking at possible continuation to the upside, still slow grind.
Using sine lines to determine the price action of $blokMultiple waves depicting Bloktopia price action from BTC dominance to DXY all extracted from the price action over a specific time or a few times. The waves are either patterns of resistance or support. Some waves are observed to send the price action upward very fast to meet the peak of the wave. Other waves create a resistance right through another waves support. This all could be very simple or that I am observing many different variables. All of which could potentially create a harmonic mean or regression line and aid in a solid prediction of future price action.
BLOK buy limit ideas MOON SHOTprice made HL? trendline flip n respekt. very booolish. i like this set up alot
missed dump so setting limits. also partial 3rd touch but didnt quite get there on lower TL.
are we in big triangle? if so take me to the taaawwwppp bb
multiple fib levels at play but some good confluence here
0.15- 0.17 IFLoving how it has been looking and how it does on the long-term.
I do expect a move upside to 0.15 as first target, and even 0.17 eventually. And a break upside 0.135 would be a good sign, that it is on it's way toward these areas.
What I am also waiting for, and would have rather happen then having it moving straight to upward zones, is a retracement to the 0.117 area, where light supply there would be a great place to initiate buys. { happening right now}
If a move back under the 0.97 would happen, I would expect it going back into the accumulation range that did form at the 0.74 floor.
Daily
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BLOK with 2 possibilitiesThere are two possible outcomes:
1- The blue color implies that the market can continue to fall until it reaches 0.092, at which point the correction (subwave2) will finish and the market will resume its uptrend.
2- The red color at 0.102 indicates the end of the correction and the beginning of the market's uptrend.
$BLOK Hidden Divergence. Time to enter a LONG #BULLISHBLOK has a hidden divergence in the RSI 4 hr chart.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
Bloktopia (BLOK/USDT) technical analysisThe price is moving in an uptrend channel. There is also a longer uptrend resistance/support line to which the price has reacted several times. The pink colored triangular area is where the price could reach and then probably oscillate in it or enter the correct phase.