BLZBTC
This looks like a (rounded) bottom to me !Bluzelle represents a key component of the decentralized internet.
This company has some amazing Partnerships: JD.com; Microsoft, HSBC and KPMG.
It has collaborations with high profile blockchains like 0x, Zilliqa, Bee Token, Neo and IoTex.
Besides this today it has a MarketCap under 6 million USD !!
This price is a complete joke ! ... or could be viewed as an amazing opportunity !!
I go for the latter.
BLZ/BTC (Symmetrical Pattern? Bullish Continuation?)BLZ/BTC
-the price is testing the previous support area
-approaching key ascending trendline of support
-if this will be its potential new higher low
-it is a good buy zone to get an early entry before the breakout
-but for conservative traders, buying the breakout
-of the symmetrical triangle is the safest setup
-upside target is up to 360s
-stoploss is determined once we have an entry point
BLZ/BTC (Retest Previous Top?)BLZ/BTC
-cross ultimate indicator flashes Buy priority signal last May 24
-the price pump almost 100% after the signal
-BLZ retest the previous support and moving averages
-confirmed strong support and rallied up over 30% pump
-I do not recommend to buy at this level
-though we still have a chance to retest the top resistance
-because the risk>reward is no longer in your favor
-I will try to update the chart if we will have a good re-entry point
Bluzelle (BLZ) Gains Momentum on High Volume (Next 120% Mapped)Bluzelle (BLZBTC) is moving above MA200 on really high volume... This one can continue to grow right away.
Anyways, in the chart here you have the next Fib. resistance level marked and the potential profits from the current price.
If prices drop below support, we go lower (red arrow).
This is not financial advice.
Namaste.
BLZBTC trading ideaBLZBTC
Extremely risky trade with potential for high returns.
BLZ has been following this channel for quite some time.
It will only be a matter of when it's back up to retest the resistance of downtrend.
This coin has fallen a lot since it's ATH, roughly 98%.
The fundamentals of the coin are strong and at a ridiculously cheap price 145 sats.
Let's not forget this coin is actually on Binance unlike the new ICOs and sitting at ~3M market cap
ENTER: Below 0.00000147
STOP: 0.00000128
TARGET: 0.00000200, 0.00000237
BLZ ANALYSIS: BREAK THRU OF MAJOR MA EXPECTED!BLZ REVIEW:
BLZ has attempted to break the 200MA on MULTIPLE occasions now, and has been rejected every time. BLZ buyers continue to push for the major resistance to be broken and I expect this to be broken on the coming wave. A slight push back near 200 and below sats is possible before the final wave up to break thru T1 at 262 sats. I expect this push to hold above the 200MA and 260+ sats to become a new support eventually. T2 is placed at 309 sats, and T3 placed at 372 sats. The extreme push in volume over the last few days has shown BLZ is ready to rock. RSI and ATR want to move up. Begin placing bids from 237 sats, down to 200 sats!
Possible Entries: 200-237 sats
BLZ/BTC TA Update (Early bullish sign?)BLZ/BTC
BLZ is showing an early sign of bulls buying every deep correction.
We can also see a bullish RSI divergence during the 30% drop last week.
BLZ bounces off right at the bottom trend-line support of the descending channel.
But currently rejected by the top trend-line resistance. If BLZ pulls back and holds 220 area zone,
we might see a potential inverse H&S pattern and break bullish in the coming few weeks.
Bluzelle Strong Bullish Candle | Short-Term Move MappedHere we are looking at BLZBTC (Bluzelle) chart and the different signals we can recognize.
These bullish signals that we are going to be looking at now are very clear and becoming strong.
Strong signals mean that the chances of the analysis playing out as described have a good probability of becoming true.
Bluzelle Chart Signals by Alan Masters
Let's start by looking at the "broken trendline". BLZBTC had a strong retrace and after a higher low, prices started to bounce and the downtrend line holding it is now gone.
Higher low compared to Jan.
High volume.
Bullish RSI (above 44/50).
MACD is bullish and displaying bullish divergence with BLZBTC.
Prices conquered EMA10 and soon after EMA50, EMA100, and MA200 are now being challenged. We consider a level "conquered" when prices close below/above said level.
These are some of the basics signals we look at... My classic signals and these tend to produce amazing results.
On top of these signals, I also look at the market cycle, the altcoin pair history, date and time, my own experience and so much more... Before I share anything for you to consider reading, learning, buying or simply making easy money by buying and hold.
This is not financial advice...
Thanks a lot for your continued support.
Namaste.
BLZ (Bluzelle) Dragon. Potential + 18-60%. Channel work 45%After breaking through support for the horizontal channel in increments of about 45% , the price made an attempt to return back to the channel. An attempt to break through the resistance that used to be support turned out to be unsuccessful. Thus, forming a local maximum, which is the "hump" of the dragon. A local downtrend has formed . A break of the line of the local downtrend will mean confirmation of the “Dragon” figure.
The points (zones) for observation on which this or that movement depends I showed on the graph.
I think the algorithm of work here is extremely clear.
ENTRANCE.
1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line).
2) Entrance from the bottom of the previous horizontal channel, but after the price has fixed in it.
3) The input is higher than the resistance of the previous channel when support is confirmed. This will mean a complete reversal of the trend in the upward.
TARGET.
Dragon target.
1) The first target is the hump of the Dragon + 18% (local maximum, support of the previous channel, which became resistance).
2) The Head of the Dragon (resistance of the previous channel) + 60%
Target on the channel. (provided that the price returns to the channel and consolidates in it).
1) Channel width - entrance from the bottom to the resistance + 35-45%.
2) Goals above the channel during a trend reversal if the price overcomes the channel resistance and fixes above it.
Stop loss
Under key support levels during your entry into the market.
The figure of the Dragon consists of the following components:
1) Head.
2) Ridge (downward line of the local trend).
3) 1 paw.
4) The hump.
5) 2 paws.
6) Tail (target area).
It is worth noting that the Dragon pattern is confirmed only when the price overcomes the downtrend line (“breaks the Dragon ridge”).
Before, it makes no sense to enter the market.
Read more about this figure in these educational idea.
EDUCATION. Dragon figure. Formation. Structure. Target.
Mirror Image of the Dragon Pattern - Inverted Dragon.
EDUCATION . Combination of both inverted dragon and dragon figures at the same time.