BLOKUSDT trade ideas
Bloktopia (BLOK) - bullish divergence
On the 2-day charts above (USD left, BTC pair right) price action has corrected over 80% since early November. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints on both pairs. Remember 2-day chart.
2) Regular bullish divergence. Lots of it. Eight oscillators on the USD pair and 10 oscillators on the BTC pair over a 12 day period are printing positive divergence.
3) RSI resistance on both pairs is broken.
Is it possible price action falls further? Sure.
Is it probable? No.
Target is 10x from current levels, i.e. return to November price action.
Good luck!
Ww
BLOK broke out resistance#BLOK/USDT
$BLOK broke out from daily descending resistance, and now is on pullback to confirm the broken line and support.
🐮 there is a support zone around $0.007 which is the same with ascending support and descending trend line.
holding this zone will increase price to resistance levels and it is possible to increase to touch descending resistance that is the same with resistance zone around $0.02.
🐻 break down from support zone will invalid this scenario and price can drop to $0.002