$BLOK - Fib retracement analysis for short term price action
Analysis based on fib retracements from previous peaks to new peaks. The 2.618 first peak retracement line matches with the two succeeding peaks and this analysis assumes it will hold for the third, at which point a pattern can be established.
A time based Fibonacci is drawn from the prior peak to it's succeeding trough, with the first (3) fib line matching the micro peak of this current run. This provides an estimate for the next important peak to form, and if proven reliable, can be tested on further movements.
The prediction, then, is ~$0.31 on the 5th Nov at 04:00 GMT.
A time based Fibonacci is drawn from the prior peak to it's succeeding trough, with the first (3) fib line matching the micro peak of this current run. This provides an estimate for the next important peak to form, and if proven reliable, can be tested on further movements.
The prediction, then, is ~$0.31 on the 5th Nov at 04:00 GMT.