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Bluzelle Under Accumulation - Prime Candidate for a BreakoutYesterday night I shared an trade idea saying Raiden Network Token is showing signs of accumulation and to watch for a breakout. Here's another alt coin that has a very similar pattern to keep your eye on. Large drop before consolidating within a clearly defined trading range over the last 6 months on increasing volume. Daily likely just set a higher low at $0.042 and entering into a tightening pattern. For more aggressive and longer term investors, it might not be a bad enter to enter a position at current levels which is trading around $0.06. However if you are a conservative trader that trades on a shorter time frame, you might want to wait for the breakout of $0.079 and $0.108 as further confirmation.
BINANCE:BLZUSDLong
by Coindicator
$BLZ Inverted Complex Head and ShoulderHi friends! Welcome to Poop's long term forecast for $BLZ Recent developments on $BLZ hints a larger inverted complex head and shoulders will likely form on $BLX as a result of a rally from the current inverted head and shoulders pattern that has successfully crossed its neckline. This supports our prior analysis that $BLZ was forming another broadening wedge bottom similar to what we saw on $LTC which triggered 2019 Altseason. Our bullish bias is supported by a confluence with volume and a strong double bullish diversion signal which appeared in 1D Chart that spans for over 3 months. The entire bullish projection could see a 300% rally which could be overly optimistic for some of you but you all know what crypto is capable during #altseason. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Poop Trader
Long
by PoopTrader