The following corrective move down resulted in price going back to $20 where it rejected the 88.6% level as well s the 8/1 suggesting that the correction has ended.
Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving highre.
Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.