BLOC broke out descending resistance#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 $0.079 that is the same with middle line of parallel channel, break out from middle line will lead price to upper line of parallel channel.
also you can see that RSI candles break out from descending resistance line too.
Bloktopia
Bloktopia Metaverse ;Huge Potential? (BLOK/USDT analysis)📉📈Hello Crypto community Welcome to my new introduction for another high potential project.
💹Rank #243--- polygon
Market Cap :$ $449,257,132 --------- Fully Diluted Market Cap:$10,775,226,385( it means the marketcap value if max supply released at this price )
Max Supply: 200,000,000,000
Circulating Supply:8.34B BLOK 4% ❗🚫risky
-The initial supply at listing was 2.04 billion BLOK
(Early adopters (3.29%)- Seed round (4%)- Private round 1 (4.15%)--Private round 2 (6.16%)-Public sale (1.4%)-Advisors (7%)
Team (15%): Unlocked in month 12, linearly released in 12 months--Treasury (33%): Unlocked as needed
Staking (25%): Rewards given from launch--Exchange liquidity (1%): unlocked on TGE.)
💹TOP HOLDER( of 100% supply):
#1: 31.579% #2: 24.95% #3: 15.94% #4: 15%
#5: 7 % #6: 2% #7: 1%
❗🚫risky
❇️What Is loktopia (BLOK) ?
Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.
sources: coinmarketcap-bloktopia
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📈📉 TECHNICAL
As you can see on the daily timeframe for BLOKUSDT , It is trading about $0.0538 right now.
Although it is currently trading in the volume gap, it can not be said with certainty that it will rise from this range and it is possible that it go more down to green support areas, but its good entery level for 1 step at this price with a long-term view , and Lower support areas as next steps. If it can break up through the red resistance range with enough volume, if there is no any new supply , it will easily reach the price targets , because it has no resistance . But in this case, it will fall with any heavy supply. So although it has great potential for growth, you have to be careful about the new supply because it can cause prices to fall.
🛑resistance level: $0.08- $ 0.09
❇️support level: $0.03 , ( $0.01-$0.017)
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more suitable for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice traders and investors to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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🙏with Best Regards
BLOKUSDT will hit the ATH 🚀After forming cup and handle pattern and breaking the resistance, BLOKUSDT is going to hit its ATH at 0.18 and it might hit a new record.
Best buy would be at retest previous broken resistance at 0.12.
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P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too.
Always make your analysis before a trade.
Daily Bullish divergence BLOKMACD bullish cross happened. Also bullish divergence and first green MACD candle after 23 days.
RSI broke main resictance line, which is also very bullish. Now target is overbought RSI.
Also big announcement about the beggining of th land sale is comming.
Long 0.071$ > Target 1 0.091 > Target 2 0.14$ > Target 3 0.25$
BLOKUSDTA lot of traders have suggested that one should long Blok, however I still believe that we should only trade the current wave 4 of wave C which is heading towards 0.02 level. The total market cap also has one leg down and volume on this project is not enough in fact its decreasing. I would think that we should blok at 0.02 after touch 0.085 - 0.092 and that is where one should exit. You will at least earn 50%
Furthermore, all the other meta verse coins are cooling off so this should do as well.
$BLOK $BLOKUSDT BLOK DAILY CHARTI believe the price manages to hold on to the 0.058-0.062 support and revert back from here. In this state, the Double Bottom target can be considered as 0.242. The Gartley Harmonic Pattern might work once the price reaches from point C to D (as it is, the trade should not be opened because the price will definitely go to D). Then retracements to Target 1 and Target 2 written on the chart are possible. The red areas on the chart and the falling trend will appear as resistance.
Fiyat 0.058-0.062 desteğine tutunmayı başarır ve buradan dönüş sağlar diye düşünüyorum. Bu haliyle İkili Dip hedefi 0.242 olarak düşünülebilir. C noktasından fiyat D ye ulaştığında Gartley Harmonik Formasyon çalışabilir ( Şu haliyle fiyat kesinlikle D ye gidecek diye işlem açılmamalı ). O zaman grafikte yazan Hedef 1 ve Hedef 2 ye geri çekilmeler mümkündür. Grafikteki kırmızı alanlar ve düşen trend direnç olarak karşımıza çıkacaktır.
BLOKTOPIA 1D : 12.13.21 $BLOKAppealing price ranges for long-term investment and HODL in #BLOKTOPIA : 0.06$ - 0.075$
Important support and resistance ranges are marked on the chart and everything is clear ... Anyway, wherever the chart was vague for you, Jus ask .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.DEC.2021
⚠️(DYOR)
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