Bluzelle Activates Lifetime Support Line/Level (Up to 555% Pot.)
Those that performed poorly in the last cycle, tend to perform poorly in the ensuing cycle.
Those that did good, tend to continue to do good... This is a topic we explored when looking at Cardano many months ago.
Many of the altcoins produced a very strong bullish wave against tether last year, some going to new all-time highs or as high as Jan./March 2022.
Some projects failed to produce a strong wave and instead performed poorly. These are likely to perform poorly in this wave as well.
Now, those that did good, are very likely to perform even better this time around because last year was the recovery year and this year (late) and the next, is the bull-market year.
In the entire trading lifetime of Bluzelle (BLZBTC), a major support line developed —this is shown black here on the chart. Each time this level is activated we get a bullish wave. Orange is a major low and blue is a higher low. We are in the higher low scenario.
I am looking at this pair because it did good in the past. The USDT pair grew more than 1,000% in the last bullish wave... So potential is huge.
On the chart I mapped several targets but it can go higher (or lower) in the long-term since the ATH is off-the chart.
➖ The 3-June week BLZBTC produced a reversal candlestick pattern.
➖ This week, we have a bullish engulfing candle and the session is just starting.
These are positive signals that can predict the start of the next bullish wave.
👉 If prices drop again, think long-term.
The lifetime support line is very important for the accumulation phase.
This is not financial advice.
Remember to do your own research and planning.
Thank you for reading.
Namaste.
Those that did good, tend to continue to do good... This is a topic we explored when looking at Cardano many months ago.
Many of the altcoins produced a very strong bullish wave against tether last year, some going to new all-time highs or as high as Jan./March 2022.
Some projects failed to produce a strong wave and instead performed poorly. These are likely to perform poorly in this wave as well.
Now, those that did good, are very likely to perform even better this time around because last year was the recovery year and this year (late) and the next, is the bull-market year.
In the entire trading lifetime of Bluzelle (BLZBTC), a major support line developed —this is shown black here on the chart. Each time this level is activated we get a bullish wave. Orange is a major low and blue is a higher low. We are in the higher low scenario.
I am looking at this pair because it did good in the past. The USDT pair grew more than 1,000% in the last bullish wave... So potential is huge.
On the chart I mapped several targets but it can go higher (or lower) in the long-term since the ATH is off-the chart.
➖ The 3-June week BLZBTC produced a reversal candlestick pattern.
➖ This week, we have a bullish engulfing candle and the session is just starting.
These are positive signals that can predict the start of the next bullish wave.
👉 If prices drop again, think long-term.
The lifetime support line is very important for the accumulation phase.
This is not financial advice.
Remember to do your own research and planning.
Thank you for reading.
Namaste.
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