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Bloktopia / Tether

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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
Long
by without_worries
14
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
Long
by parissap
BLOKUSDT AB==CDAB=CD The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
Short
by UnknownUnicorn38199698