Last analysis on the new "kid on the Blok" BLOKUSDT I predicted a parabolic move. That was successful, breaking all my channels explosively upward.
But like all good things must come to a conclusion, gravity takes over what goes up must come down. Now it is back in the ascending channel, perfectly hitting the mid-line support and bulls holding on there.
Momentum is still strong, there was a huge take profit by buyers earlier pushing it down nearly 50%. It is expected to make another run up on a bounce at this level for second profit taking by buyers.
BTC is shaky at the moment gearing for correction, hopefully this don't affect it much. If it does, I am confident on BLOK, due to the "Unbreakable Price Support" level. Worse case scenario if BTC makes alts bleed, it will hold at that level of price, where buyers and seller are holding huge amount.
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What would be a good entry price if you were to try and get one?
CryptonKidd
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@C4_yfn, If it maintains first half of ascending channel 0.019395, If it breaks to 2nd half, use first support level. If market structure changes and it drops to our mid-channel, then 2nd support level. If lower channel use third support level.
saif22569
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Any price target boss?
CryptonKidd
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@saif22569, First target is previous ATH price ceiling, pull back and a new ATH in uncharted territory, 5 cents achievable