Priceline of world's 424th largest cryptocurrency out of more than 2300 crypto tokens Blox (CDT) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of CDT price action's moves:
Priceline of Blox / Bitcoin cryptocurrency is moving within an up channel and now it is hitting the support of channel.
After hitting at support histogram of MACD is turned weak bearish from strong bearish.
RSI is also entered in oversold zone.
Selling power as per volume oscillators was at 65 value now it is down to negative 17.5.
I have defined sell targets...
Buy : 140
CDT will reach 140. This is the dip of August 2018 and I think it will rebound from here. Beside that, CDT is following Falling Wedge formation from November 2018 to now.
Expected Selling Target : 220
Stoploss : 135 but need to pay attention at 139