Blocknet (BLOCK), one of the coins that we started to trade back in early April, is gaining strength and moving up. But as we know, each time a top/peak is reached, there is a retrace in price, followed by consolidation before a coin continue its climb up.
BLOCK has been doing good the past few days, but the time for the retrace has come.
Here are a few signals that can tell you of a coming retrace:
- TD Sequential indicator. - Large sticks on top of the candles. - Upper range of the bollinger bands. - Several resistance levels broken. - MACD starting to curve, already curving in shorter time frames, which can confirm these signals.
These signals are "short" term, they will change in a few hours and new signals will develop.
But these signals above can tell you of a coming retrace.
I hope that this information was helpful.
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If you want to fully trade Blocknet (BLOCK). Feel free to find the trade in my profile, or you can simply click on the image below:
Hi Master Alan, you might want to take a look into BitShares (BTS), it is starting to form into one of the most beautiful cup & handle you might have ever seen :D