blok be prepare for the bear blocktopia a very interesting project but with a bad tokenomics ( actual supply 21b tkns in circulation / max supply 200b)
is normally projects with too much inflation going down and more in the bear markets the truth is this projects are the 20X in the bull markets but are too risky BE CAREFUL you can lose too much money
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
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