Asphen
2023-03-19

BLOCK looks good; Riding the crypto run


- Long term trading range - 60 to 90

- Big overhead supply above 93 (resistance)

- Clear middle of range at 75 (so price action has straddled above 75 or below 75)

- In a controlled buy channel since Oct with consistent controlled sell channel too

- Current controlled sell channel has reversed and staying above 75 means upside to 93 near term (note overhead supply above 93)


Support at 70 (MA200), 64 and 60 (bottom of range)

@TigerStars  @CaptainTiger  @Deposit  @LMSunshine  @melson  

$Block(SQ)$ 

# Technical Analysis

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Comment（79）

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  • LMSunshine
    ·2023-03-25
    TOP
    Thanks buddy❣️ Can help explain to me-Block just crashed a few days ago on Hinderberg’s report 📰 Does it mean that 🗞🗞🗞 can totally change a TA ❓
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    • LMSunshineReplying toAsphen: 
      Oh I see…coz I read that companies that Hindenburg target is usually down even after 6months, so just a little confused. Thanks loads❣️
      2023-03-25
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    • Asphen: 
      that's why during the initial gap down, the gap filled up to almost 50%. this occurs as opportunists step in to buy. but such big gaps usually fill 50% at initial. Next days is how BLOCK finds stability and power up again.
      2023-03-25
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    • Asphen: 
      hindenburg is well known for shorting before releasing a negative report. TA still hold. when such a manipulated sell off occurs, a massive gap down usually occurs. when Gapped down, market needs to find a new equilibrium as it has broken out of range by alot
      2023-03-25
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  • melson
    ·2023-03-19
    TOP
    crypto likely to collapse
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    • Zarkness: 
      Okgogo
      2023-03-22
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    • melsonReplying toAsphen: 
      [Happy]💥
      2023-03-22
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    • AsphenReplying toZarkness: 
      watch 29k or Powell effect tonight.
      now BTC market makers are playing up to capitalise on the bank runs. you can see gold and btc running.
      2023-03-22
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  • CynthiaVogt
    ·2023-03-20
    TOP
    Are cryptocurrencies still a favorable industry right now?
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    • Asphen: 
      not definitive. it is speculative. means when no one wants it,it will run. when everyone hypes it,it will drop
      2023-03-20
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  • Dollydolly
    ·2023-03-20
    TOP
    In the short term, it will rise.
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    • Asphen: 
      yea, it runs with crypto
      2023-03-20
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  • jasmine_tan
    ·2023-03-19
    TOP
    thanks for sharing
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    • Asphen: 
      you welcome
      2023-03-19
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  • kytphine
    ·2023-03-19
    TOP
    thanks for sharing
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    • Asphen: 
      you welcome
      2023-03-19
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  • Ericdao
    ·2023-03-19
    TOP
    Don't look good
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    • Asphen: 
      thanks for your opinion
      2023-03-19
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  • Tracccy
    ·2023-03-20
    TOP
    Have you bought SQ?
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    • Asphen: 
      I got it at the highs... now averaging down
      2023-03-20
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  • Deposit
    ·2023-03-21
    ok
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  • MasterStonker
    ·2023-03-19
    ya
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  • TheEndIsNear
    ·2023-03-19
    👍
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  • ChaoAhBeng
    ·2023-03-19
    Thks
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    • Asphen: 
      you welcome
      2023-03-19
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  • GOKUst
    ·2023-03-19
    K
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  • JeffTai
    ·2023-03-19
    ok
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  • enforcer
    ·2023-03-19
    ok
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  • Meow17
    ·2023-03-19
    Ok
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  • AlanChong
    ·2023-03-19
    Ok
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  • TigerFly
    ·2023-03-19
    Ok
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  • CL_Wong
    ·2023-03-19
    Ok
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  • YsL
    ·2023-03-19
    tq
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