I am into RBLX because my kid keeps asking me to buy him coins in the game. I figured I could help him earn some coins (lol).
When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96 before dropping more. I am a novice charting queen aiming to be right. This 4hr view shows the highlights, but drilling down to the 1hr chart may help you see a more familiar to determine your entry and exit strategies. Once more price action takes place, I hope to see when RBLX will rise again (summer 2021).
When institutional investors started buzzing about it more after it's first earnings, I had a hunch it would soar. Well it happened and now it's cool down time as indicated by lower volume. I think that price will retrace to about $96 before dropping more. I am a novice charting queen aiming to be right. This 4hr view shows the highlights, but drilling down to the 1hr chart may help you see a more familiar to determine your entry and exit strategies. Once more price action takes place, I hope to see when RBLX will rise again (summer 2021).
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I am still trying to figure out this Fib thing, but this is what I got so far... Looking for a double tap around $78/$79.
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6/21/21 update... let's ride up toward $95ish together!!!
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Turning point... to $95.
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I was reviewing correction lessons and believe that RBLX is experiencing just that. Here is my prediction for the rise, fall, and ride high for RBLX.
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missed this amazing pull back today. for me... this is a bullish butterfly trade. when this pulls back for that retest... i'm in for 3 months for the ride back past $100. i'll be scalping and swinging along the way when i catch a good play.
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i'm turning bullish on RBLX. watching for the rest of the week. happy trading.