Hi Trader, unfortunately this bearish period has corroded the downward forecast of 20%, touching for now the figure 0.062, from 0.08 said last time, (honestly I could not be so happy because I have accumulated more BLOK, since as soon as the trend will resume we will hardly return at a similar price, because the various collaborations of BLOKTOPIA are BULLISH.
Let's analyze today's chart, and I can only reconfirm what has been said with the difference that in this instant we touched the support 0.061 which is the strongest support to be broken down, in fact it has bounced at this moment up to 0.068.
The support has a nice cluster that helps maintain this support.
I just wanted to add something that I had forgotten the last time or the second hypothesis that could materialize by remaining in a more lateral trend given the period.
The price I reconfirm that according to my point of view has already touched the bottom already the shadow of the last time of the candle had touched 0.06 and rebounded therefore I reconfirm, I add the hypothesis that the price could stop at 0.09 and lateralize between 0.075 and 0 09 because it is a high volume trading area before it OBVIOUSLY reboots to the moon! just a matter of time.
If, on the other hand, everything should go as hoped, if a Taurus situation were to restart we could go directly to the hypothesis of the last time at the price of 0.12 lateralizing and then bringing us to the old highs.
Also note how last time the RSI was around 50 at the price of 0.06, while today it is well at 38, it means that it is becoming an increasingly easier price to sustain.
CURIOSITY: it should be noted that the monthly cycle is perfect from the minimum to the maximum and then returns to the minimums, we will propose it again in the next analyzes it could be a feature of BLOK
Let's analyze today's chart, and I can only reconfirm what has been said with the difference that in this instant we touched the support 0.061 which is the strongest support to be broken down, in fact it has bounced at this moment up to 0.068.
The support has a nice cluster that helps maintain this support.
I just wanted to add something that I had forgotten the last time or the second hypothesis that could materialize by remaining in a more lateral trend given the period.
The price I reconfirm that according to my point of view has already touched the bottom already the shadow of the last time of the candle had touched 0.06 and rebounded therefore I reconfirm, I add the hypothesis that the price could stop at 0.09 and lateralize between 0.075 and 0 09 because it is a high volume trading area before it OBVIOUSLY reboots to the moon! just a matter of time.
If, on the other hand, everything should go as hoped, if a Taurus situation were to restart we could go directly to the hypothesis of the last time at the price of 0.12 lateralizing and then bringing us to the old highs.
Also note how last time the RSI was around 50 at the price of 0.06, while today it is well at 38, it means that it is becoming an increasingly easier price to sustain.
CURIOSITY: it should be noted that the monthly cycle is perfect from the minimum to the maximum and then returns to the minimums, we will propose it again in the next analyzes it could be a feature of BLOK
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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.