Unfortunately due to technical problems I was unable to enter at 0.06 just where I thought it might bounce, I hope Blok will give me a second chance.
I put the graph on a TF of 4h to try to understand if Blok can retrace within this Flag to retouch the lower bar which would rest on the MA from 22 and a nice support at the price of 0.08.
I think we can lateralize a couple of days later by consolidating the price between 0.085 / 0.095 where it will be tested by yet another hard to break resistance as it has been tested multiple times by gaining strength.
After this phase, I believe that BLOK returns to its previous highs and this price will no longer be retested.
I think it is the last tram stop at a price below 0.10.
Luck has it that at a price of 0.10 cents a very visible head and shoulders would be created which would further consolidate the idea of a powerful "Glitch" style Breakout at 0.10 cents.
What do you think?
I put the graph on a TF of 4h to try to understand if Blok can retrace within this Flag to retouch the lower bar which would rest on the MA from 22 and a nice support at the price of 0.08.
I think we can lateralize a couple of days later by consolidating the price between 0.085 / 0.095 where it will be tested by yet another hard to break resistance as it has been tested multiple times by gaining strength.
After this phase, I believe that BLOK returns to its previous highs and this price will no longer be retested.
I think it is the last tram stop at a price below 0.10.
Luck has it that at a price of 0.10 cents a very visible head and shoulders would be created which would further consolidate the idea of a powerful "Glitch" style Breakout at 0.10 cents.
What do you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.