Curently I am long on Block Vee. I see the oppritunity for a short term trade as wel.
So Block V pretty much bottomed and then tested the old resistance from Feb 25-26th. Subsequently corrected after.
The Green candle on the one day on May 7th was a signal of trend reversal to me. Block V at 480 sats to 500 sats appear to be the short term botom for now. On the 7th we also tested the old resistance of around 625 sats . We fell short. With new suprt in the 480-500 sats mark I can see us teting 625 sats again.
This is more specultion than anything. Allot of people bought this coin at much higher levels and are down. It dropped on bittrex during a downtrend. I do see it at least testing the 755 sats mark. We've tested it quite a few times at this level. I can see it trying again after corecting from the 625sat mark.
Also it appears most cryptos did at least atempt to regain 50% of theyre value from the top within the last 2 weeks except Block V. Another reason why im . Btc tested 10k, Eth Crosed $750. Smaller cap coins like SC and DGB along with several others had a nice run. I do believe this one is late to the party!
Thanks for Reading!