Blox (CDTBTC) is now trading above resistance and can easily move higher... Let's take a look at the chart.
Notice the green circles with an "x" marked on them... EMA200 is the orange line which has been holding CDTBTC down. Each time this level is tested, CDTBTC moves lower.
Right now, CDTBTC is now above EMA200 and EMA300. The 4H candle is yet to close. CDTBTC needs to close and remain above this level for this analysis to remain valid.
We are seeing trading volume increase. Huge volume bar on the 9th of August as well as above-average volume today.
The RSI is strong and bullish (65.17).
The MACD is also on the bullish side.
So we are looking at an ascending triangle, with bullish indicators and signals.
There is a high chance for Blox to move soon. Remember that this is not financial advice.
This isn't trading either, our trades contain buy-in, targets, stop-loss, and additional relevant information.
If you want to thank us and see more analysis like the above, feel free to hit like to show your support.
Namaste.
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Going nicely as expected...
Trade closed: target reached
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We hit our target. ENJOY THE PROFITS.
This one has the potential for so much more.
Namaste.
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We have a few targets left out of this trade. Shared 17-Aug. Hope it helps.
This one is definitely going into my favorite list.
Clear bottom & supports, very stable price. While most low caps have plummeted, Blox only lost 25-30% since August 2018. Looks like a very safe token to trade during these difficult times.
I wonder what makes it special !
Anyway, thanks Alan.
I'll allocate more to this one next time.
Grateful for the profits !