Bull Flag BrokenRBLX has broke bull flag and it has a chance of continuation of momentum. Watch for bullish momentum.
RBLX trade ideas
RBLX - Long - Bullish Breakout Falling Wedge, MACD, Fibbonaci Retracement -- possible Bullish Breakout
A falling wedge on the 4H formed towards the latter end of July. Fibonacci retracement of the price leading up to the wedge suggested that the lowest point of the wedge would be around 72.62 (78.6%). MACD on 2H broke its trendline (but not on 1H). Fibonacci retracement from lowest to highest point in wedge suggests take profit at 92.08 (61.8%) with potential to reach 97.13 (0.786) based off of wedge height.
DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations.
WATCHING $RBLX for Entry Target @ 79.13WATCHING $RBLX for Entry Target @ 79.13 - Looking to buy in tomorrow.
I actually do really like this company. I'm super bullish. My opinion and please use your own discretion.
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I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry.
$RBLX - Bullish descending wedge breakout watch!Potential to breakout from the bullish descending wedge.
Breakout point- $84
Target 1 - $86.50
Target 2 - $94
Target 3 - $100
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
RBLX don't miss the breakout!RBLX 4HR Chart
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TA
Nice bounce off 74-75 level with a nice retrace to the .618 of may lows & june highs (63.97-103.92). Filled the gap at 76.33 w/ a nice symmetrical triangle setup. Strong movement started today for breakout to the upside for a confirmed reversal. 76-78 dip I'd look to go long, targeting 100+.
Key Levels
Support: 74.60, 76.36, 79
Resistance: 82.45, 89, 93.50, 95.95, ATH
Ways to play:
1. Shares
2. Atm/ otm calls 2 weeks+ exp. contracts
volatile ticker and able to play 1-5 points otm, the further the strike I do recommend more time
Another trade on RBLX? 🤑🤑🤑I did a public trade on RBLX last month, which was a very good one, and now this one is back to almost the same price level I traded it on June21! This is interesting, but it is worth to trade RBLX now?
Do you believe that the line at 83.36 is still here? I didn’t move it since last month, yet it is still making a support us. And some people don’t believe in TA…
If we lose the 83.36 then we’ll see a pullback to the 77 – 78, but if we see a good pattern around here, it’ll be just another chance to trade RBLX!
We have no confirmation in the 4h, but it seems we have a small hammer. This could be the beginning of something great. I’ll keep you guys updated about this.
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See you soon,
Melissa.
