Blocknet (BLOCK) Short Term Retrace Signals

17. Mai 2018

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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17. Mai 2018

Anmerkung

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: