Current market trends have not been good for alts, and BLOCK has fared well. However, the bull trend has given way to sideways motion. I think this will drop with a BTC surge, then induce panic selling. Could also channel sideways for awhile before resuming upwards. In any case, not a buy until we have a clear reconfirmation of the bull trend.
Falling wedge pattern signals potential continuation of uptrend. Buy on breakout above the falling wedge with a 30% target at the previous high at 0.0065. An extraordinary amount of upward trendlines converge on the previous high at 0.0065, it seems all roads lead to 65 if we can get the breakout up. On the daily chart this coin is sitting in an impressive uptrend...
BlockNet (BLOCK) has a strong upward trend channel on the daily. Looks like it just completed an ABCDE wave down and we've just broken up out of the channel, if this move is sustained we are looking for 20% target.
Based on the longer term bull flag that we broke above and out of 12 hours ago (see inspiration chart below), we now have what appears to be a shorter term bull flag forming. I suggest waiting for a strong breakout before entering the trade. Target 25-30% or new highs for BlockNet. Volume looks like it's building behind this one, and there is a strong uptrend...
looks like BLOCK/BTC has formed a large bullish flag continuation pattern. target price is a rough estimation and is labeled on the chart. could go higher than that, could also not go higher than that. if it follows this pattern I've outlined but doesn't make a new all-time high, then this could signal a double-top reversal.
fundamentals on this coin are very...
Blocknet has been consolidating in an ascending triangle for quite long and is due for a break upward very soon. A c&h has been made in the upper part of the triangle, so imminent breakout is probable.
simple pattern, simple target.
Target: 0.00645
SL: 0.0038
Blocknet is a coin which a bought a few weeks ago because of its fundamentals and I didn't chart before.....
We're looking at a nice pennant which might break out pretty soon as lots of developments is going on with Block.
Their ICO was 3 years ago and their devs did an amazing job in developing. Block is ready to launch their decentralized exchange where many...
