I am looking into Blocknet (BLOCK) charts now and it is very close to the bottom, some good signals that are yet to fully develop, with an announcement coming in a few days as well. So we have signals on both sides, technical and fundamental and we have the opportunity to join Before The Action starts... Let's take a quick look...
Blocknet (BLOCKBTC) Trade by Alan Masters
FUNDAMENTALS (THE NEWS)
- Blocknet (BLOCK) - Partnership Announcement (30 April).
- Blocknet (BLOCK) - Wallet Redesign Launch (Obvious hype on 15-June).
- Blocknet (BLOCK) - SPV Support (1-June).
CHARTS, SIGNALS & INDICATORS
- There is strong positive divergence on the MACD.
- The RSI is turning bullish, yet allows for plenty of room for growth.
- The chart shows that this coin is really strong, it was trending high throughout the whole bear market and felt recently with much accumulation going on.
- The STOCH is also starting to wake up.
- The weekly chart supports a push that can happen relatively soon (within a few weeks). I love how this chart looks.
- These signals still need more time to develop, so we will use a tight stop loss just in case. The announcement on the 30th April might give this coin the push it needs to start its next bull run, in the meantime, we have a great potential here.
TRADE INSTRUCTIONS
Buy-in: 0.0020 - 0.0023
Blocknet (BLOCK) Targets:
(1) 0.00253
(2) 0.00302
(3) 0.00379
(4) 0.00435
(5) 0.00505
(6) 0.00583
LONG
(1) 0.00684
(2) 0.00750 (All Time High)
(3) 0.00880
(4) 0.00969
Note: Targets are for reference only. Not all targets are meant to be reached. You can sell as much as you want on each target. Feel free to visit the "Selling The Targets" article for additional information.
Another note: A target is considered "reached" if we come as close as 5% to the actual target price. Meaning, these numbers are not meant to be exact but instead a reference point as to where we might face resistance on the way up.
Stop loss: 0.00175
QUICK SUGGESTIONS
- When trading cryptocurrencies, always make sure to diversify, which means splitting your money into different trades / coins.
- Make sure to secure profits as the price of the coins you bought starts to go up. You can sell small portions of your holdings as the price increases. For example, you can sell 5% on the first target. 10% on the second target. 40% on the fifth target, etc. It is completely up to you, but it is a good idea to always secure some profits.
- Read carefully all the trade instructions before jumping into a trade. Take your time, breath... There will always be many opportunities available for you. So if you miss a trade, remain calmed and relax as another one will come.
- Be grateful for everything that live has given you...
- Namaste.