BLZ
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.
$BLZ/USDT 1HRswing traded this couple times, first time used tight stop loss but got wicked out of the trade for it to pump right after, scalping now for quick long, Target for take profit is 0.15640, with a more liberal stop loss. as this can move fast in either direction, support and resistance lines drawn , as well as fibs for reference,
BLZ - Finally long??Reasons to take long:
⭐️ BTC bullish
⭐️ In the end of formation
⭐️ Level is 24 days long
⭐️ Trendline for bears is beautiful but approach is too sharp
⭐️ 4th approach
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BLZ - We know the way📈✌️Reasons to take long:
⭐️ BTC made a pullback
⭐️ Trendline is 5 days long
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Pullbacks are getting smaller
⭐️ 6th touch
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
#BLZ/USDT FREE TRADE SETUP !!As we can see from the above-mentioned chart that BLZ/USDT was trading inside the falling wedge pattern and broke above.
Currently, it's moving downside to retest the upper trend line which is the buying zone for the BLZ/USDT to earn a good amount of profit in upcoming hours.
So we can take entry at the
#BLZ/USDT LONG TRADE SETUP
ENTEY:-CMP and $0.09885
TARGET:-40%
STOP LOSS:-$0.09100
WITH LAVERAGE:-10x to 20x
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BLZ - Midterm short, updating historical lows!BLZ had been in a game almost a week and a lot of people bought, as you can see from volume at high.
Right now there is beatiful daily trendline and one of my most profitable setups that I usually trade on lower timeframes. Since it's drawn on daily timeframe, potential for a move is huge as everyone sees it.
I expect price to at least touch historical lows since it's a reasonable level for such formation.
I will enter in a couple days, when price squeezes to the trendline and BTC will be bearish.
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BLZUSDT 1D TA : In the ChannelAs we can see in the channel, the channel is down and is reaching the resistance range of the channel ceiling, if the channel fails, we will have a price increase, otherwise we will see the fall to the canal floor.
If the channel ceiling fails, the purchase offer will be made.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
📊 BLZ moved 23% and stopped. But there's still hope !Hello, dear TradingView members.
This idea is a BLZ analysis.
BLZ pumped 23%, got rejected by the upper Bollinger Band, and saved by the middle band!
Once the price crossed the upper band, the RSI became overbought, which caused weakness and pushed the price down.
The RSI is showing consolidations around the center, and the price also bounced back up from the middle Bollinger Band.
Moreover, as we can see, the price is trying to make another attempt to break the resistance level.
Scenario one:
A breakout:
The price will either get support or directly pass the resistance level after a couple of hours of consolidations above support and gathering enough buy volumes.
Scenario two:
A fake-out:
After another test, the resistance will reject the price or lose support on the middle Bollinger Band and fall off to the lower support levels.
The Bollinger Bands are broad, but they are about to get squeezed back, which is a good sign.
The Speedometer indicator shows Buy volumes on the market for BLZ on a 1D interval.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
BLZ's Way To 0.35$ ExplainedBLZ is in a Crab Pattern. This Means The Price is gonna Reach The Next Wing Of The Pattern Pretty Soon. EX Ret is 1.618 So It Is a Reliable Crab Pattern.The Resistance which is gonna Stop BLZ is around 0.35$. a Bullish Cross Between 20&50 EMA is visible SO the Bullish Chance Is high. The Price Also Broke EMA 200 So It can be Said The Bullish Trend Is Pretty Strong.
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Thank you for seeing idea .
Have a nice day and Good luck