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BLZ

New wave up to 80%+ on VITEToday, another delisting announcement was released, in connection with which I warned against working with coins of the monitoring tag in the first half of the week. Now the coins that were not included in the announcement are becoming interesting. First of all, this is VITE, which is the most oversold at the moment. Last week, a signal was left for further overshooting and a likely test of the key level of 0.025, opening the way to 0.035-50. Given the assignment of the monitoring tag, I do not think that the price will easily gain a foothold above this level, despite the strong signal for a retest of about 0.035. So far, the most likely scenario is a test of the 0.0225-75 flat range with a further rebound and determination of the closing level of the year, depending on the overall market dynamics. The month opened above 0.014, the second half of the month above 0.015, which is also a signal for growth to 0.02+. The zone of the set of positions is the flat range of 0.014-16 near the key level of 0.015. In the absence of a deeper drawdown on the tops today, the weekly candle will begin to turn bullish today and we will not see prices below the current VITE. In the event of an additional market drawdown after the decision on the US interest rate, VITE will probably be quite effective in compensating for the market drawdown, due to the high growth potential and after the flat it will give a breakdown on Thursday-Friday against the background of the general market growth in the second half of the week. On the 0.025 test, it is worth carefully monitoring the dynamics, since there is a probability of a breakdown immediately by 0.035 within the framework of the reversal of the annual candle. But even if there is no consolidation above the level, the current wave of growth can bring up to 75% profit. Also, from coins with the monitoring tag, HARD and FIRO can show pleasant growth waves, although they currently have lower goals of up to 30-50%. VITE with a target of growth to 0.025 and VIB with a target of 0.15 are the most oversold coins on the binance, which have not yet shown a reversal of the annual candle, which may return them to the top of growth in the coming days similar to last week. As I have repeatedly written, for most overbought coins that have been on the radar for the last two months and have shown significant growth, the probability of continued sales prevails until the beginning of the new year.
Long
by Strateg_
Where to buy BLZ?It seems that we have a corrective diametric on the chart, from which the G wave is left. The green range is a powerful range. If the price reaches this range, we will enter buy/long positions. When you enter the position and make a profit of 20% or more, proceed to save profit. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
5
BLZ technical analysisBLZ is in a bearish trend and moving in a falling wedge for approximately 125 days. The support zone (Yellow) at $0.1080 - $0.1241 is holding the price. If this zone failed to hold the price we could see more decline in the price. After the breakout from the trend line, we could see some bullish moves. If the momentum continues we could see the price to the next levels. Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements.
by TheCryptoCity
Is a Major Move Imminent? #BLZUSDT on the Edge of a Breakout!Yello, Paradisers! Are you ready for a breakout that could shake up the market? Here's what you need to know about #BLZUSDT right now. 💎#BLZUSDT is flirting with a descending channel, and we're on the verge of a potential breakout that could ignite a strong upward move. At the moment, #BLUZELLE is testing the channel's resistance while trading within a consolidation zone. 💎If it can hold steady at the crucial support level of $0.1106, we might see a substantial push toward our target resistance levels. 💎But, as always, the market is volatile. If #BLZUSDT loses its grip and drops below $0.1106, it could signal the end of this bullish momentum, leading to a significant price decline. Stay sharp, and play it smart, Paradisers. We're in a critical zone right now. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bluzelle (BLZUSDT): Strategic Spot-Buy OpportunityDuring our recent livestream, we highlighted BLZUSDT as a potential spot-buy opportunity. We identified several key levels of interest for entries and stops. 12-Hour Chart Analysis: The weekly fair-value gap nearly overlaps with the three-day fair-value gap, making this level a significant potential entry point. Additionally, the lower support zone, which has frequent price interactions and includes another three-day fair-value gap, offers a secondary entry level. We'll place our stop-loss just below the midpoint of the monthly fair-value gap, marked by a blue dotted line. In conclusion, BLZUSDT looks like a promising spot-buy opportunity with clear entry levels and a strategic stop-loss placement. We look forward to seeing new highs well above $0.48. Yearly VWAP Analysis: In addition to our usual analysis, let's take a look at the VWAP (Volume Weighted Average Price) charts to fine-tune our strategy. Specifically, we'll focus on the annual VWAP for 2023. The current position of the price is between the 2023 VAH (Volume Area High) and the 2023 VWAP. We expect the price to reach the 2023 VWAP, aligning with our first entry level. Our stop-loss aligns with the 2023 VAL (Volume Area Low), providing extra confidence in this support level. This alignment, though unintentional, suggests strong support. The annual VWAP chart adds more validation to our BLZ-USDT strategy. Aligning our entry at the 2023 VWAP and setting the stop-loss just below the 2023 VAL strengthens our support levels and makes our setup more robust. Quarterly VWAP Analysis: The price has fallen below the 2023 Q4 VAH (Volume Area High) and is now nearing the 2023 Q4 VAL (Volume Area Low). The price is approaching the 2023 Q4 VAL, a crucial support level. Both the 2023 Q3 VAH and the 2023 Q3 VWAP closely align with our primary entry levels, adding further confidence to our strategy. Our strategy summary involves aligning the primary entry with the 2023 Q3 VAH and the 2023 Q3 VWAP. These levels overlap with our identified fair-value gaps, providing potential support. The quarterly VWAP chart strengthens our confidence in the identified support levels for BLZ-USDT. The overlap between the annual and quarterly VWAP levels at our entry points suggests strong support, making this a promising setup for a spot trade.
Long
by freeguy_by_wmc
Detailed Technical Analysis for BLZ-USDT ChartThe price of BLZ is currently trading at $0.2895 and it is in the resistance zone (Green) at $0.2815 - $0.2907, trading under the trendline(Red) for approximately 66 days. The chart shows a bearish trend, as there are 2 EMA’s 55 (Blue) and 100 (Red) they are also showing a bearish trend, and the price is struggling to break above a descending trendline on a daily time frame. After making a rejection(Orange Circle) from the trendline the price breaks through the green zone and bounces back from the blue zone at $0.1983 - $0.2228. Key Zones and Levels Resistance zone (Green) $0.2815 - $0.2907 Resistance Levels $0.3887 and $0.4626 Support zone (Blue) $0.1983 - $0.2228 Final Support $0.1099 Trendline (Red) Moving Average Analysis The 55-day (blue) and 100-day (red) EMAs are both sloping downwards, reinforcing the bearish outlook. The price needs to break above these EMAs to signal a reversal in trend. Scenarios There are 2 possible scenarios bullish and bearish 1- Bullish If the price breaks out from the green zone at $0.2815 - $0.2907 and the trendline(Red) with the high volume we could see the price testing at the $0.3887 resistance and if it flips the $0.3887 level then the next target will be $0.4626 level. The price has to break above the EMA’s as they are also acting as a resistance to go up. 2- Bearish If the price is rejected from this green zone, after a pullback we might see the price testing the support zone(Blue) at $0.1983 - $0.2228, and if this zone cannot hold the price we might see more decline in the price of BLZ. Volume and Market Sentiment The current volume of 12.71M suggests active market participation. However, the price movement will depend on whether the bulls can sustain momentum to break above the critical resistance levels. Conclusion, Bluzelle (BLZ) is trading at $0.2834 in a bearish trend, struggling to break a resistance zone of $0.2815-$0.2907 and descending trendline. A breakout could target $0.3887 and $0.4626, while rejection may drop it to $0.1983-$0.2228.
Long
by TheCryptoCity
1
BLZ/USDT Will BLZ Conquer the $0.296 Barrier? Watch Now!💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum. 💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area. 💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area. 💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier. 💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
BLZ looks bearishIt seems that the last efforts of the buyers have been made and the bullish waves of BLZ are over. Now the price is in an important supply that can be rejected from this supply on the lower side. Also, the price structure has changed to a bearish one. By maintaining this supply, it can move towards the targets. The targets are inserted on the image. Closing a daily candle below the invalidation level will violate the 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
Short
by behdark
2