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BLZ

BLZ has formed a Bullish SetupBLZ has formed a Bullish Setup. After the bounce from the support zone I expect that it continues to go up. 🔵Entry Zone 0.3913 - 0.007630 🔴SL 0.3869 🟢TP1 0.4094 🟢TP2 0.4297 🟢TP3 0.4769 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
4
BLZ ANALYSIS 4HConsidering the bearish CH and bearish iBOS on the chart, it seems that BLZ has a trend change. The pump that we are seeing now seems to retest the supply range and collect sell orders for more drops. I have specified the movement we expect from blz on the chart. The targets are clear on the chart and I also specified the invalidation level. Closing a 4-hour candle above this 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
A Tactical Approach to #BLZ/USDT Trading with Strong Support!#BLZ/USDT pair: Technical Analysis: Strong Support Level: The current scenario indicates that BJD is above a strong support level, suggesting a potential rebound in the price. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the strong support level. Additional Entry: Add more positions if the price drops to 0.3307, using this level as an additional buying opportunity. Target Prices: Set specific target prices at $0.37540, $0.4, $0.43, and $0.49. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at 0.3205. This level is chosen to limit potential losses in case the market doesn't move as expected. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6, indicating a favorable ratio. This means that for every unit of risk (1), there is the potential for six units of reward. Cautionary Note: Emphasizes the importance of exercising caution with leverage and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to avoid significant losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, and clarifies that the provided information is not financial advice. In summary, the recommendation suggests a bullish stance on #BLZ/USDT based on the strong support level. It provides specific entry points, target prices, and a risk management strategy, while also advising caution with leverage and emphasizing the importance of conducting personal research. As always, the information provided is not financial advice.
Long
by CRYPTOMOJO_TA
BLZ/USDT In the Bullish flag pattern. Break out or rejected ??💎 BLZ has undeniably garnered significant attention in the market. Presently, BLZ is exhibiting a bullish flag formation pattern. Breaking out of this pattern is essential to sustain the upward movement. If BLZ successfully breaks out of the bullish flag in the near future, there's a probability for significant upward movement, reaching our target supply area. 💎 However, if BLZ fails to break the pattern in the near future, there is a possibility of a downward movement with a retest at the demand area, which was previously a supply zone, to generate new momentum. 💎 In the event of BLZ retracing to the demand area for a retest but failing to maintain its position, resulting in a breakdown, BLZ may shift to a bearish movement, extending its descent and potentially retracing to the next lower demand area.
by MyCryptoParadise_Nathan
8
BLZ/USDT It required break out the pattern to continue upward!💎 BLZ has notably caught the market's attention. It's currently facing challenges in breaking out of an Ascending Triangle pattern. Historical patterns show that BLZ often faces rejections after approaching the resistance of this ascending triangle. However, a successful breakout at the Higher Time Frame (HTF) could signal a bullish shift, probability propelling BLZ towards our target area. 💎 If BLZ continues its pattern of failing to break out, as observed in the past, it's likely to face rejection again and retreat back to the demand area around $0.250 to build new momentum. 💎 In this demand zone, a significant rebound is essential. If BLZ merely consolidates without a strong bounce, there's a risk of losing this crucial support area. This could lead to a further decline, potentially moving BLZ back towards the Bullish OB area.
by MyCryptoParadise
Bluzelle (BLZ) - A Soaring Journey and a Bright Future AheadMarch 9, 2020 marked a pivotal moment for Bluzelle (BLZ) as it hit a low at $0.006. What followed was nothing short of spectacular - a 378-day, 5-wave Elliott impulse cycle that catapulted BLZ by an astonishing 11029%, peaking at $0.6737 on March 22, 2021. This meteoric rise was then mirrored by a WXY complex corrective phase lasting 805 days, culminating in a -93.64% retracement. However, the story doesn't end here. The recent uptrend from this crucial low point suggests that BLZ still has a significant runway for growth. If the impulse and corrective waves we've observed represent grand cycle waves 1 and 2, we could potentially see BLZ soaring beyond $80 by 2025. Even if these waves are part of a larger A and B, a conservative estimate would place BLZ around $4 by February 2024. BLZ's journey is a testament to the power of Elliott Wave analysis in deciphering market narratives. For traders and investors alike, BLZ presents an intriguing opportunity – a chance to be part of a narrative that's yet to fully unfold.
BINANCE:BLZUSD
by MaestroAI
BLZ UPDATE (1D)There are many questions about BLZ from which area this symbol will be rejected. According to the CH and BOS that BLZ has had, as well as due to the existence of liquidity pools in the above areas, BLZ is only in a suitable place for a short position, which is listed as "Suitable place for shorts position". A short position can be entered in the red area with confirmation. Note that this is not a buy/long signal, we already signaled this symbol from the bottom.
by behdark
3
BLZ/USDT potential shift? 👀 🚀 BLZ Today analysis💎Paradisers, as we navigate the crypto seas, there's a heightened probability that BLZUSDT is gearing up for a bullish wave. Our observations indicate it's on the cusp of retesting the supply zone, and there's a significant chance it might surge above. 💎 Currently, BLZUSDT is dancing on volatile tides. A descending trendline is in play, and should it be breached, the likelihood of a bullish ascent amplifies. 💎The VRVP is signaling substantial volume, further bolstering this perspective. And while many crypto novices might be shorting this coin, the scales seem to tip towards an upward trend. 💎 However, let's entertain a different scenario: if the price plunges below the .1427 mark, the bullish momentum might find traction around the .1314 demand level. 💎 Should the price puncture this demand zone, it could hint at a recent low being eclipsed, increasing the probability of a descent to a crucial support level. In the unpredictable waters of crypto, always sail with insight and caution!
Long
by MyCryptoParadise
2
BLZ/USDT Ready for Explosive Bull Rally?🚀 Bluezelle Analysis 💎Yello Paradisers, set your sights on BLZUSDT! It's currently holding strong at a pivotal support, hinting at a potential upward swing. 💎From our observations, BLZ has been tracing a descending channel in 4HR. Presently, it's maneuvering within this channel, with the upper boundary acting as resistance. Based on our projections, there's a significant chance that BLZ will aim for the supply zone in the near future. 💎However, if Bluzelle can't maintain its position above the support and breaks through, anticipate a marked descent. In case of support breaches, we have highlighted the next potential support. 💎Refine your trading strategies for BLZ with ParadiseFamilyVIP. Dive into our expert analyses on BLZ and other potential tokens, streamlining your crypto journey.
Long
by MyCryptoParadise_Simon
1
BLZ/USDT Significant Bounce in support. Ready to Upward ?💎 BLZ has undeniably caught our attention. At the moment, BLZ is showcasing a robust rebound after consolidating within a significant support zone. 💎 There's a possibility that BLZ might undergo a minor correction in the shorter timeframe before resuming its ascent towards the supply level at $0.14. 💎 This supply zone is pivotal for BLZ; breaking through it would solidify its bullish momentum, potentially propelling it towards a more formidable supply region. 💎 On the flip side, if BLZ falters before reaching the supply zone and retraces back to its strong support, it's worth noting that its short-term trend appears bearish. Should BLZ fail to maintain its position above this robust support, there's a risk it might breach it. If that occurs, BLZ might be on a trajectory towards the demand zone at $0.085.
by MyCryptoParadise_Nathan
7