BLOCKv Rally Review
On a 4hr time frame we can see a nice rally with correction moves, for next entry we need to wait for the next correction.
The recent moves are showing, whenever, RSI is getting exhausted and entering the overbought zone then pull back or price correction starts.
This time RSI once again extremely overbought and the resistance resistance is found at $0.03972 (nearly 4 cents).
I am expecting the next correction from here and if during the pull back price drops between $0.02538 to $0.02077 support levels, then it can be a very nice entry here.
The recent moves are showing, whenever, RSI is getting exhausted and entering the overbought zone then pull back or price correction starts.
This time RSI once again extremely overbought and the resistance resistance is found at $0.03972 (nearly 4 cents).
I am expecting the next correction from here and if during the pull back price drops between $0.02538 to $0.02077 support levels, then it can be a very nice entry here.
Trade attivo
Broke out $0.03972 (nearly 4 cents) resistance and found a new resistance at $0.04562, and also getting rejected by an up trendline resistance, and RSI is still overbought.
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.