BLOCKv (VEE) Overview
WHAT IS VEE?
The BLOCKv platform makes use of our native token called VEE, used to conduct transactions, publish, and bring vAtoms to life. Beginning when a vAtom is published, VEE will be used by the publisher to pay for sophisticated and long-running processes associated with vAtoms. With BLOCKv development tools, you build, distribute...
BLOCKv is based on the Ethereum blockchain and develops in the field of digital objects. The main focus of the development is on the creation and management of digital assets, content licensing and the transfer of such mechanisms on the blockchain basis. Every day we use the objects of the digital world, such as: photos, videos, various advertising banners...
Blockv has been trading in a falling wedge for some weeks now and it has reach the bottom with a possible bounce to occur.
Price forming divergence against RSI indicator, signalling possible bullish move.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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BLOCKv has found the bottom at 256 satoshis, where RSI oscillator formed a bullish divergence. Price went up and broke above the downtrend trendline and the 50 Moving Average. On the small pullback, VEE/BTC rejected the Moving Average and produced a new higher high.
The higher highs and higher lows pattern currently presenting itself, suggesting the continuation...
VEEBTC is presently trading at the bottom side of a channel and its expected to find its support there as the channel has been long enough to hold it up.
Trading Idea is well and clearly defined on the chart.
BLUE ..... Possible Buy entry
GREEN ..... Sell Targets
RED ...... Possible stop Loss
Some good price action criterias to meet here VEE/BTC
1. Strong support area
2. Fibo confirmation
3. Trendline confirmation
4. Possible "Double Bottom"
At the moment wait little bit better entry, if You enter now this is more like FOMO ;)
Hi there! Thaks for checking this chart out. This is my firt time posting on trading view. If people like what i have to say i wil post more.
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...
I've said this twice, but third time's the charm. This is the final dip to buy before it moves out of accumulation and goes on an epic journey of price discovery.
Sell pressure waning with bull divergences on lower TFs
> The 520-540 Satoshi level appears to be a solid entry / accumulation range for BLOCKv.
> StochRSI oscillator has reset on multiple key timeframes (1D & 4h).
> Currently sitting on a key Fibonacci retracement level.
> Previous horizontal resistance that turned into support is now (potentially) acting as support once again.
> Breakout to the upside from this...