Shotokhan

BLOK about to do reversal

Shotokhan 已更新   
KUCOIN:BLOKUSDT   Bloktopia / Tether
I've adjusted my BLOK Fib retracement according with current market situation, with VLPR it's easy to see that price from here can retrace no more than 40% before reaching a very strong support. I'll keep watching this one more often and I might add BLOK to my bag as well. From here the risk of losing money is definitely smaller than the opportunity of making profit, the risk/reward ratio is >15.

Notice that RSI and MFI are both presenting bullish DIV, my feeling is that this could be the bottom (or almost the bottom) of a possible cup&handle pattern. Don't go all in in case you buy, just DCA!

Good luck
评论:
Well... it took 46 days but this analysis proved to be right. I hope yo uhave it in your bags!

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