Is a new high on the horizon for BLOK?

In Monday’s issue of Flight Path, we talked about the relative trends of cryptocurrencies and singled out BLOK as an etf that could help capture some of the gains associated with digital assets.
We noted that it was likely that price would make another attempt at the high of September 2nd if the GoNoGo Oscillator found support at zero. It did, and we are currently back testing that high around $26. With momentum positive and heavy volume on this recent run at resistance, we expect price to continue to try to get above $26.