BLZ (Bluzelle) Token Analysis 21/04/2021Fundamentals:
Bluzelle is a decentralized data layer for dapps to manage data in a secure, censorship-resistant and highly scalable manner. Bluzelle is powered by Cosmos and its BFT technology Tendermint, making it compatible with various blockchains. As developers continue to build Dapps, relying on centralized databases by AWS, Microsoft and others is a centralized point of failure. True freedom requires the full stack to be decentralized, not just one part. That’s where Bluzelle aims to provide a critical piece in the advancement of Defi, supply chains, gaming, and other Web 3.0 sectors.
1.Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:
2.Bluzelle DB - a decentralized database for software developers to store information
3.Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications
4.Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.
BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. Becoming a validator was designed to be an easy process with minimal technical knowledge. The vision is to have a network of tens of thousands of nodes working together to provide the most available and secure database in the world. Bluzelle wants every device to become a node, from computer hard drives to video game consoles to mobile phones. Those who do not want to become a validator can delegate their tasks to another validator, ensuring everyone can be part of the network and generate fees.
Pavel Bains and Neeraj Murarka founded Bluzelle to address the fragmented data link in the blockchain and DeFi space. Both Pavel and Neeraj hold extensive technological experience with a demonstrated history of working with major global players.
Pavel previously co-founded Storypanda, a digital book platform amassing the attention of acclaimed titles by DreamWorks, Warner Bros, and more. With a deep understanding of financial aspects, Pavel actively led the GM and CFO roles at Disney, handling budgets of tens of millions of dollars across 4 continents. Neeraj is an engineer and computer systems architect holding extensive experience of 20 years working with global players including Google, IBM, Hewlett Packard, Lufthansa, and Thales Avionics.
The Bluzelle team members have worked for Disney, Sony, Google, Lufthansa, Electronic Arts. They are recipients of the Technology Pioneer Award by the World Economic Forum and named Forrester as a top blockchain vendor in Asia. Its team is based in two locations, Singapore and Vancouver (Canada). Bluzelle is backed by industry funds like NGC, Hashed, KR1, and Kenetic.
Bluzelle has building an ecosystem of partners to enhance use of its database and oracles product:
Cosmos/Tendermint
Polkadot
Polygon (formerly Matic)
Ankr
Equinix (NASDAQ $50B Company)
The live Bluzelle price today is $0.389196 USD with a 24-hour trading volume of $35,338,335 USD. Bluzelle is up 2.75% in the last 24 hours. The current CoinMarketCap ranking is #385, with a live market cap of $111,284,391 USD. It has a circulating supply of 285,934,224 BLZ coins and the max. supply is not available.
The top exchanges for trading in Bluzelle are currently Binance, Huobi Global, CoinTiger, MXC.COM, and BiONE.
Technical Analysis:
The Token has done its initialization and Accumulation Phase and Completed An Impulsive cycle where currently is Reneging on the Retracement Phase,
We can see clearly the Price Has touched the 261.8% of Fibonacci Projection of the First Impulsive wave, after the Accumulation Phase and now is renege bounding in the Parallels legs of the same Projection after the Distribution of 261.8%.
There are chances that the price Continue its Retracement to the lower levels which are defined by Fibonacci Retracement and Specified on the chart where as most Probably they will stand and Bounce Up the Price.
There are total of 3 Targets Defined by the Fibonacci Projection and Total of 2 Support areas by Fibonacci Retracement and 1 low of the Projection
Bluzelle
BLZ/USDTTA : RSI Divergence super bullish . FA : web3 game on the mobile coming . check link twitter.com . short term
BLZ near to break out falling wedge#BLZ/USDT
$BLZ is about to break out the falling wedge pattern.
🐮 break out from this pattern will increase price to upper resistance zones, first resistance zone is around 0.105 which is the same with descending trend line.
🐻🐮 if price won't be successful to break out now, it will drop to the lower line that giving us a better entry then attempts to break out from the upper line.
BLZUSDT(BLUZELLE) Daily tf Range Updated till 25-08-22BLZUSDT(BLUZELLE) Daily timeframe range. it took some time to map this alt. the price action for this alt is not as usual as dozens others. there are lots of out place moves here are there. we can guess there are retail interest and good amount of retail traders activity. Beside that its another high risk and reward alt. its easy to get trapped on those big wicks. but for a position trader a right setup can bring much rewards.
BluzUSTDSome targeting points on the chart that I think it may happen on short period of time, however it needs to be tracked to modify any changes especially its based on 1h sessions.
BLZ Bluzelle LONG TRADE 20220605Signal: Red -> Green, Context: Green
Risk Reward Ratio: 2
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BLZUSD - Climb Back Into the Channel BLZUSD has climbed back into the Gaussian Channel on the Weekly
This is accompanied by a strong support touch on the Monthly chart along the middle of the Gaussian Channel
This is a potential bottom point for BLZ
BLUZELLE CHART UPDATE⚠📢In our previous original BLZ analysis, we talked about how price to go over $1 and up to $2 eventually.
However I recently discovered the price data on Binance was not complete, hence a re-analysis.
Just like the others published recently, turns out this is also a First Wave Extension.
Trade Idea Enter with stops below the triangle and target previous local ath (blue horizontal line) as 1st target
2nd target Previous ath within the rectangle
Hodl the rest to $1 if you're feeling extral bullish and lucky.
For swing Traders, you can target the Triangle resistance.
Previous Analysis linked below.
#Bluzelle #BLZ with invalid buy signals so far...#Bluzelle #BLZ with invalid buy signals so far...
...but all went quite well..
What was missing?
- price has to be above EMA200 for valid buy signals
- buy signal has to be confirmed by QQE indicator.
Let us see if Bluzelle can confirm the volume resistance breakout and if we get a 3-star buy-signal.
What do you think #Crypto Nation? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ANOTHER METAVERSE CONTENDER CONFIRMING A BREAKOUT!Evening folks or whatever time it is in your zone.
Chart above is Bluzelle (BLZ) and it looks primed for a breakout.
For confirmation we need to close the current weekly candle above the resistance, do that and we'll probably get a retest or S/R flip if you will before going further to the upside.
I strongly believe in this project coupled with the fact that its in the gaming sector of crypto along with their recent tweet a couple days ago saying they just joined the metaverse, I expect this to run hard.
$1 for the 3rd wave (green) and $2+ for the 5th wave(green) to complete the 3rd grandcycle impulse wave.
Let me hear your thoughts in the comments section.
BLUZELLE THE PERFECT BEARMARKET STEAL!Please see below, linked is the original idea for Bluzelle(BLZ)
I created a fresh chart layou inorder to provide another perspective into BLZ.
As you can see, currently trapped in an ascending channel, BLZ is the perfect coin to hold for the long haul right now.
At support of the larger trending channel, It is a steal to hold for long term gains.
If you look closely, it is also forming and ascending triangle, and we know that to be a bullish pattern.
This is just a shakeout, if you're selling you shouldnt be in the game.
Furthermore, if you were to analyze the chart above very well, you would see that it is slowly forming a bulish pennant, but didnt add the line to avoid too much cluster on the chart.
But anything could happen so make sure to use a stop-loss.
I believe the rest of the chart is self explanatory.
Hope this chart helps with perspective
🆓Bluzelle (BLZ) Jan-05 #BLZ $BLZ
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.22$ zone
🔴Buy : 0.22
🔴Sell : 0.26 - 0.3 - 0.36 - 0.42
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.22$ zone
🔵Sell : 0.22
🔵Buy : 0.2 - 0.18
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Bluzell huntingBluzelle has broken its downward trendline. Just wait for a pullback to major area and watch the price reaction.
It is not a financial advice. Do on your own risk.
BLZUSDTHello Guys , Today im Gonna Check the Bluzzel Chart , for sure you can buy after breakout of yellow zone so in my idea after this we can see the top of channel
so we should wait and see what happen next , and for holder i suggest to buy step by step from 0.20 to 0.26
Not Financial Advice !
Share your Idea about this chart !
Binance: BLZ buy / long H4Binance: BLZ buy / long H4
Entry: 0.36
SL: h4 close below 0.32
TP: 0.5 - 0.6
Will BLUZELLE have similar move like LRC ?LRC had huge pump from nothing over 600%. LRC has been around long time.
Bluzelle is around also long time similar to LRC and they are forming almost exacst structure from weekly perspective.
What do you think guys? For speculation purposes I will give a chance with small percentage of portfolio.
Good luck
BLZUSDT PERP long x10 (Delayed entry)After going out of the range, I expect the price to hike up, analogue of #rlc
Entry is strictly by price, take profit and stop loss on the chart.
BLZ ready to fly#BLZUSDT
$BLZ is ready to fly as price confirmed the broken resistance as support, and stayed above ascending support zone. price can go up to touch $0.34 and then $0.4 in midterm.
🆓Bluzelle (BLZ) July-2 #BLZ $BLZBLZ is coming back to retest $0.13 zone, this is a good opportunity for us to buy BLZ for the target at $0.2 and $0.26 this July. However, if it loses this $0.13 zone, it is highly likely that it will continue to plummet to the $0.09 zone in mid-July.
📈BUY
🔴Buy : 0.127-0.133$. SL if B
📉SELL
🔴Sell : 0.195-0.205$. SL if A
🔴Sell : 0.255-0.265$. SL if A
♻️BACK-UP
🔵Sell : 0.127-0.133$ if B. SL if A
🔵Buy : 0.088-0.092$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
