Bloktopia (BLOK)
Zaktualizowano
Bloktopia which gained popularity as its price went up, is a decentralized metaverse as a virtual reality skyscraper made up of 21 levels. However, after the fanfare ended, so did the BLOK upward wave, then BLOK entered into a corrective phase; a long one. Recently, BLOK broke the major downtrend line, then pulled back down again and now it seems trying to break the minor downtrend line. If successful, an upward wave could start and possibly a reversal happens. Let's see what happens.
Uwaga
Is it possible that Bloktopia is forming a Cup and Handle pattern? Let's see what happens.
Uwaga
BLOK on its way up toward the first horizontal resistance area.
Uwaga
So, BLOK went up, but lacked momentum, as a result correction started; a deep one. The correction made a harmonic pattern. It seems BLOK is moving in a somewhat gentle descending channel-like pattern. Currently at the bottom, and the harmonic pattern is also finished. Let's see if BLOK can reach this channel's upper line.
Uwaga
So, BLOK went down a little further, but eventually broke the downtrend line. It is safe to say the correction pattern is a big inverted wedge pattern. Let's see if BLOK can reach the upper line or not.
Zlecenie aktywne
So, BLOK broke the major downtrend line and is going up. The first target could be the upper line of the inverted wedge. Also, the cup and handle scenario is still possible. Let's see what happens.
Uwaga
Blok broke the minor downtrend line too. Going up.
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