OpenBlock

BlockNet VS Bitcoin Scenarios

BITTREX:BLOCKBTC   Blocknet / Bitcoin
BlockNet seem to enter the consolidation phase where price is stuck between support and resistance levels. The resistance is based at 50% Fibonacci retracement , that is btc 0.0043 area, rejected several times. The support is based at 161.8% Fibs, that is btc 0.0012 area, rejected back in December 2017.

The most recent resistance at btc 0.0024 has been rejected multiple times, which prevents BLOCK/ BTC to go upwards. While that resistance is being rejected the downside risk remains high. Price could decline towards btc 0.00187 or 0.0012.

Overall, the trend remains unclear and only break above btc 0.0024 or below 0.0012 could help to establish further direction.
Comment: resistance broken

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out