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Blur

Seizing Bullish Momentum: #BLUR/USDT Technical Breakout! Certainly! Let's break down the provided information about trading the #BLUR/USDT pair: Technical Analysis: Pattern Identified: A bullish flag pattern has been identified, suggesting a potential upward movement in the price of #BLUR/USDT. Breakout Confirmation: The price has broken out of the bullish flag pattern, indicating a bullish trend. Retest: The market is currently undergoing a retest, which is a common occurrence after a breakout. This retest serves as confirmation of the pattern. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the ongoing bullish momentum. Potential Additional Entry: Be prepared to add more positions if the price drops to $0.523, using this level as a strategic buying opportunity. Target Prices: Set specific target prices at $0.65, $0.72, $0.8, $0.91, and $1.05. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at $0.496. This level is chosen to limit potential losses in case the market does not move as expected. Leverage: Consider using leverage in the range of 5x to 10x. Leverage amplifies both potential profits and potential losses, so use it cautiously and in alignment with your risk tolerance. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6. This means that for every unit of risk (1), there is the potential for six units of reward. A higher R:R ratio is generally considered more favorable for traders. Cautionary Note: Emphasizes the importance of using leverage cautiously and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to minimize the risk of substantial losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, as the information provided is not financial advice. In summary, the recommendation suggests a bullish stance on #BLUR/USDT based on the identified pattern and breakout. It provides specific entry points, target prices, and a risk management strategy, while also urging traders to exercise caution, especially with leverage, and conduct their own research.
Long
by CRYPTOMOJO_TA
BLUR Cryptocurrency potential Sell-Off soon!BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform. BLUR Market Cap is $813Mil BLUR Fully Diluted Market Capitalization is $1,96 Billion! 49.46M $BLUR(about $32.50M) was unlocked yesterday and they will be unlocking more coins next month! I have a rival to study for comparison, Rarible and its token RARI. Rarible operates as an NFT marketplace and issuance platform with a focus on empowering creators. The platform leverages the RARI token to reward users engaged in active interactions with the protocol. RARI Market Cap is $32Mil RARI Fully Diluted Market Capitalization is $35Mil! In 2021 RARI was trading at $63.53 and its fully diluted Mk cap was $1.57 Billion! Sounds familiar? Then the DILUTION started! And now is trading 45X lower, at $1.4! In case it will follow RARI`s rule, my price target for BLUR is $0.015. Now it`s trading at $0.657!
Short
by TopgOptions
5
What is BLUR's next move?We have identified an A wave and a large B wave on the chart. From where we have entered on the chart "START" our big B wave has started Wave B appears to be a rising diametric, with only its final wave, the g wave, remaining. In the green range (flip), you can look for buy/long positions. We have specified the targets on the chart. Closing a daily candle below the green range will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
BLUR/USDT upward momentum from support? 👀🚀Blur Analysis💎 Paradisers, focus on #BLURUSDT, which is currently showing signs that point to a potential bullish move from its support zone. 💎 Amid the recent market uncertainties, Blur has experienced a downward trend. Now, if it can successfully hold momentum at the support zone of $.3754, there's a significant chance it might initiate a bullish push towards the strong resistance zone at $0.6809. 💎 In the fast-paced and ever-changing world of cryptocurrency trading, the ability to adapt and respond to varying market conditions is key. If #BLUR struggles to maintain its position at the $.3754 support level, reevaluating and modifying our strategy could be essential. 💎 In such a scenario, we might consider a bullish ascent from a deeper support level, located at $0.3214. Keeping a watchful eye on this level is crucial, as breaking below it could indicate the need for a strategic shift, highlighting potential difficulties in sustaining a bullish momentum in the #BLUR market.
Long
by MyCryptoParadise_Simon
BLUR can go UP by Falling Wedge Pattern(➕40%)🚀📈Today, I want to check the Blur(BLUR) project for you, which can increase by at least ➕40% in the coming days. 📚What Is Blur (BLUR)❗️❓ 🔸 BLUR is the native governance token of Blur, a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms. 🌐The latest News of the Blur(BLUR) project: 🔸The Blur team has unlocked a total of 485 million tokens since June. 🔸The latest transfer to Coinbase Prime did not cause a slide as BLUR climbed to $0.47. 🔸The price of Blur (BLUR) jumped to 9.57% in the last 24 hours, reaching a high of $0.47 in the process. This price increase occurred after a $23.26 million token unlock by the NFT marketplace and aggregator project. Per Etherscan, the Blur team transferred 49.82 million tokens out of its multi-sig wallet. 📉In terms of technical analysis, the BLUR token managed to form a Falling Wedge Pattern near the 🟢 Support zone($0.480_$0.395) 🟢 and 50_SMA(Daily) . ✅Currently, BLUR has succeeded in breaking the upper line of the Falling Wedge Pattern . 👀It is better to take a look at the BLURBTC chart before making a decision. BLURBTC has managed to break the Downtrend line and has approached the 🔴Resistance zone🔴 with high momentum. I expect that BLURBTC can break the 🔴Resistance zone🔴 after a short pause and attack the 🔴Next Resistance zone🔴.👇 🔔As a result, I expect the BLUR token to start rising again after completing the pullback to the upper line of the Falling Wedge Pattern and at least up to the Resistance line and 🎯 Wedge's Target 🎯. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Blur Analyze ( BLURUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
7
BLUR (Y24.P1.E1).BULLISH MACROHI TRADERS, BLUR macro structure looks bullish of late, traded it yesterday and got stopped out. Now looking at it, I have a few levels of interest and targets based on the fibonacci method and cup and handle measured move. Finding a entrance now will be difficult but I do believe a possible back test to the .2038 fib could be a good entry. Meanwhile BTC is looking like more lows to come in the coming weeks and many ALTS are undecided for now. So a pullback from BTC will give confidence to long once it gets in the realm of the 30k range. That might mean the likes of BLUR is also buying the dip, just maybe. For now, this could be a short term shorting position while BLUR looks for the UT phase of the wyckoff reaccumulation phase. All the best, S.SAri
Long
by ssari
BLUR / Horizontal Resistance BreakoutBLUR/USDT is breaking horizontal resistance... .................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
BLUR Consolidating For Next Leg$BLUR Price action is bullish remaining well above the 100ema and consolidating inside of the local range high/low. Nothing wrong with this chart, even if we get some volatility over the coming days. Failed reclaim of the range eq (red zone) for the 3rd time now. I like to see range eq's reclaimed as my version of 'confirmation' before taking an entry, so nothing different with BLUR. More consolidating would be bullish imo, as we have already reclaimed a major level (green) which should set the base level for our next leg up. Path on chart for what I anticipate. Cheers, Vatsik
Long
by cryptovatsik
3
Blur Daily Outlook with Probabilistic Key LevelsDate: January 11, 2024 Overview: BLUR/USDT has shown interesting market dynamics as depicted in the daily time frame. This analysis aims to dissect the price action and indicator readings to evaluate BLUR's current market stance and potential future movements. Z-Score Probability Indicator Analysis: The Z-Score Probability Indicator suggests a fluctuating sentiment in the market, with the recent readings hovering around the 0.450025 mark, which traditionally indicates a neutral market condition. This level is seen as neither overbought nor oversold, suggesting that the price is relatively stable with respect to its mean. Price Channel Analysis: BLUR's price movement has recently broken out of a consolidation pattern, with a notable resistance level at approximately $0.7202. The price channel formed indicates an overall upward trajectory. A sustained breakout above this level may open the doors to further bullish movements, with the next potential resistance level at $0.9231. Key Levels to Watch: Immediate Resistance: $0.7202, which aligns with the recent highs and the Fibonacci level. Following Resistance: $0.9231, an extension that might act as a target for bullish price action. Support Levels: Immediate support is found at $0.3959, with further support at the lower boundary of the price channel around $0.1924. Potential Strategy: For traders considering a position, the strategy could involve entering long if the price consolidates above $0.7202, using $0.3959 as a stop-loss level. Targets could be set at $0.9231 and $0.8187 Risk Consideration: As with any trading strategy, it is crucial to manage risk effectively. The current neutral Z-Score reading implies that there could be a period of consolidation before further directional moves, so setting appropriate stop-losses is important to protect against sudden reversals. Conclusion: BLUR/USDT is at a potential inflection point, with the recent breakout suggesting a bullish bias. The Z-Score indicates a neutral state, suggesting that traders should seek confirmation in the form of sustained trading above resistance levels. Should the bullish momentum continue, the Fibonacci extension levels provide clear targets for potential profits. This report is provided for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence and trade according to their risk tolerance and trading strategy.
Long
by meloneusk
BLUR 40% Potential!I like to say that blur is a price action project. Whenever it seems to break a major resistance, It pumps a lot and this time seems no different. A major trend line was just broken and it is showing signs of strength by holding the level above it. As long as we stay above the trend line and inch to the upside, there's nothing stopping me from believing that 40% isn't going to happen besides bitcoin possibly dumping to fill the CME Gap. There are a few other big levels of resistance on the way up but mos of the liquidity will be above the last major high. LETS SEE WHAT HAPPENS NEXT! i]Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
COINBASE:BLURUSDLong
by Navitility
Blur dominate almost 80% of NFT trading volume as activity spikeKey Takeaway i. Blur’s NFT marketplace now holds almost 80% of non-fungible token trading volume as activity in the sector spikes. ii. OpenSea’s NFT market share has declined to a low of almost 17% of total trading volume, according to data from The Block. The NFT market has seen a spike in activity over the past month, with the majority of the increased trading volume occurring on the Blur marketplace. According to The Block's Data Dashboard, November saw $605 million in Ethereum-based NFT trading. That's up from a monthly trading volume of $306 million in October, an increase of almost 100%. Just four days into December, NFT trading volume for the month has already reached almost $90 million, with nearly $70 million coming from transactions on the Blur NFT marketplace. Shift from OpenSea Since February of this year, the NFT sector has witnessed a notable market share shift from OpenSea to Blur, with the later marketplace now dominating almost 80% of total trading volume in the Ethereum-based NFT market. OpenSea, the NFT marketplace that was once dominant, has been ceding ground and currently holds around only 17% of NFT trading volume. According to The Block's Data Dashboard, there has also been an uptick in trading on Solana-based NFT marketplaces, with daily volumes rising throughout November and into December. On Nov. 30, total trading volume across Solana-based NFT markets stood at $9.3 million, a high not seen since April of this year. The majority of this volume was on Tensor, with over $5 million in daily trades. Blur, launched in October 2022, is a zero-fee NFT marketplace designed to cater to the needs of professional NFT traders.
Long
by DEXWireNews