parissap

BLOC broke out descending resistance

KUCOIN:BLOKUSDT   Bloktopia / Tether
#BLOK/USDT
$BLOCK is at support zone that can be lower line of parallel channel.
also price broke out from descending resistance and is just below descending trend line.
break out this descending trend line will increase price to touch resistance levels of $0.049 and $0.058 and can reach resistance zone between $0.067 and $0.079 that is the same with middle line of parallel channel, break out from middle line will lead price to upper line of parallel channel.
also you can see that RSI candles break out from descending resistance line too.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.