BLZUSDT ! Formation of pre-breakdown consolidation. Growing up

BLZUSDT has been in a wave movement since the beginning of 2022. The second wave did not work out its full potential until the level of 0.856 allowed the price to accumulate energy, after which, the transition to the third wave gave full potential and capture of liquidity after the price fell to the level of 0.0708.

In mid-May, we clearly see the transition of the falling market from the liquidity zone to the consolidation phase between 0.0856 - 0.708. The price breaks through the resistance and rises to 0.1890.

I guess, since the price is not pulling back now after a false breakout of the resistance of 0.1890 and is forming a pre-breakdown consolidation,
we may see a breakdown of resistance to a short-term target of 0.2184. Medium-term target - liquidity zone 0.2623

Sincerely, R. Linda!

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RLinda

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