Cup and handle to watch on the Bluzelle weekly chart. We currently have 1 weekly candle close above the rimline of the cup. I want to see at least 2consecutive weekly candle closes above the rim and a 3rd candle maintaining support before I’m ready to say probability favors a breakout validation. If it does breakout here the measured move will be around 63 cents. *not financial advice*
BLZ
BLZ's uptrend is weakBLZ has entered a range after losing the trend line, and now we are near the top of this range, which is expected to move to the bottom of the range.
Movement weakness is seen when climbing.
demand support range is an important support. How the price may fluctuate is indicated on the chart.
Those who want to position on this symbol should observe capital management and do not position more than 7% balance on this currency and do not forget to set the stop loss.
BLZUSDT 3D LONG📈Hi all. Timeframe 3D. BLZ is in the local downlink, globally forms a triangle. Depending on your type of trading, you can:
1. dial to the spot now
2. trading in a downstream channel
3. trading on the breakdown/retest of the downstream channel
4. trading on the breakdown / retest of the triangle resistance - a change in the trend to an upward one.
All profit.
BLZ Long positionHi all. Today I opened 2 positions on this asset.
Position 1 was the main one, but it went into correction. During the correction, I got another one with the same volume.
Coin goals:
1 - 0.28305.
2 - 0.31844.
3 - 0.34368.
Next I will leave the part in position.
Have a nice day, everyone!
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.
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.
Bluzelle could be triggering a break up from this triangleOne of the few cryptos currently not in the red today. If it can maintain solid support on the top trendline of this triangle until validating a bullish breakout then the price should recover most of what it lost here and could go as high as 30 cents in the process *not financial advice*
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!
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.
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.
BLZUSDT - CORRECTION NEEDED. (Short)On this coin, many OBs have formed in the range indicated above.
According to the current situation, trading is expected in the short direction, provided that the volume is not cleared from the level of 0.15111
The targets will be the BOS zones - for breaking the structure of the continuation of the downward trend, as well as the IMB price marks and the strong level
📈 BitXer Free Signal: BLZ/USDT Long Position 📈📈 BitXer Free Signal: BLZ/USDT Long Position 📈
Entry Point: Right now! ⏰
Pair: BLZ/USDT
Position: Long
Targets:
Target 1: 🎯 0.1281
Target 2: 🚀 0.1319
Target 3: 💰 0.1378
Stop Loss: ⛔ 0.1201
Best of luck with your trade! Enjoy the journey to success! 🌟📊🚀💼📈
BLZ/USDT Signal Alert: Charting the Course! 📈🚀 BLZ/USDT Signal Alert: Charting the Course! 📈
Spotting the Levels:
📍 Current Spot: $0.1512
📈 Potential Resident: $0.1633
📉 Downward Watch: New Spot
🚀 Upward Targets: $0.1767 and $0.1982
📊 Analysis: BLZ/USDT is navigating the crypto seas. Here's your roadmap:
🟢 Stability: If it holds steady at $0.1512, the path to $0.1633 is in sight.
🟠 Uncertainty: Should it dip further, a new spot may form.
🔵 Optimism: In the upward scenario, we aim for $0.1767 and $0.1982.
📢 Trade Strategy: Keep a close eye on BLZ. Be ready to act as per the market's mood. Enjoy the ride with Bitxer! 🌊🌟
The Strength and Consistency of BLZUSDT💎#BLZUSDT has consistently stood out as a top performer over recent months. Its upward trajectory is evident, with the coin consistently marking new higher peaks and troughs on shorter timeframes. After a decisive rebound from the 200 Simple Moving Average on an hourly chart, it established $0.0787 as a pivotal long-term support and demand threshold. Since that point, its value has been on an incline, and it's noteworthy how the $0.1218 supply threshold transitioned into a demand zone.
💎The current price dynamics of #BLZ underscore the respect for this demand zone. There were three separate attempts to dip below this level, but all were unsuccessful. This pattern underscores the dominance of bullish traders and suggests a higher likelihood of continued upward momentum. As such, we might witness #BLZ's price advancing, possibly even surpassing the dual Fibonacci resistance levels.
💎Conversely, it's crucial to acknowledge the recent rebound from the 161.8% Fibonacci resistance, which might be a red flag for bullish traders. If the price descends below the present demand zone, we might see a more pronounced downward correction, possibly revisiting the 200SMA. However, it's essential to remember that the odds still lean towards an uptrend, and a significant dip might attract more investors. Only if #BLZUSDT descends below the $0.0787 support/demand threshold will we re-evaluate this analysis, potentially with a more bearish perspective.