Btc/Block V Is Block V undervalued in current market status?
Updated
Hi there! Thaks for checking this chart out. This is my firt time posting on trading view. If people like what i have to say i wil post more.
Curently I am long on Block Vee. I see the oppritunity for a short term trade as wel.
So Block V pretty much bottomed and then tested the old resistance from Feb 25-26th. Subsequently corrected after.
The Green candle on the one day on May 7th was a signal of trend reversal to me. Block V at 480 sats to 500 sats appear to be the short term botom for now. On the 7th we also tested the old resistance of around 625 sats. We fell short. With new suprt in the 480-500 sats mark I can see us teting 625 sats again.
This is more specultion than anything. Allot of people bought this coin at much higher levels and are down. It dropped on bittrex during a downtrend. I do see it at least testing the 755 sats mark. We've tested it quite a few times at this level. I can see it trying again after corecting from the 625sat mark.
Also it appears most cryptos did at least atempt to regain 50% of theyre value from the top within the last 2 weeks except Block V. Another reason why im bullish. Btc tested 10k, Eth Crosed $750. Smaller cap coins like SC and DGB along with several others had a nice run. I do believe this one is late to the party!
Thanks for Reading!
Curently I am long on Block Vee. I see the oppritunity for a short term trade as wel.
So Block V pretty much bottomed and then tested the old resistance from Feb 25-26th. Subsequently corrected after.
The Green candle on the one day on May 7th was a signal of trend reversal to me. Block V at 480 sats to 500 sats appear to be the short term botom for now. On the 7th we also tested the old resistance of around 625 sats. We fell short. With new suprt in the 480-500 sats mark I can see us teting 625 sats again.
This is more specultion than anything. Allot of people bought this coin at much higher levels and are down. It dropped on bittrex during a downtrend. I do see it at least testing the 755 sats mark. We've tested it quite a few times at this level. I can see it trying again after corecting from the 625sat mark.
Also it appears most cryptos did at least atempt to regain 50% of theyre value from the top within the last 2 weeks except Block V. Another reason why im bullish. Btc tested 10k, Eth Crosed $750. Smaller cap coins like SC and DGB along with several others had a nice run. I do believe this one is late to the party!
Thanks for Reading!
Note
So Vee finally made its move. It dipped a little below the 480sats mark that I called but it is starting to make its eay up. So far It appears targets are on trackNote
edit make its way up -typoNote
Still Looking good. Some sideways movement today, on these low volume alts you can almost argue thats a couple of whales just accumulating. I expect another push hope soon. Hopefully it works outNote
So far Ive boughten in at 502sats down to 477 sats, did a small swing trade and sold at 530sats, bought back at 501sats, sold at 538, bought bavk in at 504. This one has shown allot of small oppritunities the last couple days.Order cancelled
Updit drama caused all markets to crash. I'm still long on Vee, I'm hodling until drama is over.....Target will be reached....Excellent buy oppritunities this weekendNote
I did buy at 440 sats. That appears to be the bottom for now, we are back on our way up. Depending on evel of Fud the next coupla days Vee could possibly test the 350 sats mark again. Personally i dont think that will happen. My originl idea is still intact. Upbit fud dump was just a set backNote
bought more at 440 sats. I see 2 possible scenarios. 1 fud continues amd vee goes down further and tess 350sat mark. Sceraio 2 fud ends and original idea is back on track
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