MovieBloc (MBL)

Nov 20, 2023

MovieBloc is a decentralized movie and content distribution platform driven by the Korean video streaming platform Pandora TV. Anyway, MBL has formed a big triangle pattern and it seems a strong upward wave has started from the bottom of this pattern and going up. Let's see if MBL can break this triangle upward or not.

Feb 23

Note

So, MBL is going up, but there is also a middle resistance line on which MBL bounced several times. If MBL wants to reach the triangle's upper line, it must first break this middle line. Let's see what happens.

May 9

Note

So, MBL couldn't break the middle resistance line again and went down to rest on the minor horizontal support area. Let's see if MBL can break this line on the next attack or not.

Oct 2

Note

So, MBL analysis is still valid, with a little change: MBL is moving in a big 'flat' triangle pattern. Recently, MBL visited the bottom, twice, then broke the downtrend line and went up. Let's see if MBL can keep the upward move or not.

Nov 13

Trade active

So, it is clear the MBL tried to break the horizontal resistance area, but couldn't pass through. Let's see if MBL succeed or not.