BLZ analysis (8H)Note that this is a buy/long setup, not a sell/short setup.
BLZ appears to be now inside a diamond diametric. BLZ now appears to be in wave E of this diametric.
We will look for buy/long positions in the green range.
The targets are clear on the chart
Closing a daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Blzusdt
Where to buy BLZ?It seems that we have a corrective diametric on the chart, from which the G wave is left.
The green range is a powerful range. If the price reaches this range, we will enter buy/long positions.
When you enter the position and make a profit of 20% or more, proceed to save profit.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BLZ looks bullishFrom where we placed the green arrow on the chart, it looks like an ABC pattern or a more complex pattern has formed
.
Wave A is over and it seems we are now in Wave B.
Wave B looks like a triangle.
BLZ is expected to rise up to the red box (in the red box wave d of B can be completed) and then reject to the green box (for wave e of B).
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BLZ technical analysisBLZ is in a bearish trend and moving in a falling wedge for approximately 125 days. The support zone (Yellow) at $0.1080 - $0.1241 is holding the price. If this zone failed to hold the price we could see more decline in the price. After the breakout from the trend line, we could see some bullish moves. If the momentum continues we could see the price to the next levels.
Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements.
Is a Major Move Imminent? #BLZUSDT on the Edge of a Breakout!Yello, Paradisers! Are you ready for a breakout that could shake up the market? Here's what you need to know about #BLZUSDT right now.
💎#BLZUSDT is flirting with a descending channel, and we're on the verge of a potential breakout that could ignite a strong upward move. At the moment, #BLUZELLE is testing the channel's resistance while trading within a consolidation zone.
💎If it can hold steady at the crucial support level of $0.1106, we might see a substantial push toward our target resistance levels.
💎But, as always, the market is volatile. If #BLZUSDT loses its grip and drops below $0.1106, it could signal the end of this bullish momentum, leading to a significant price decline.
Stay sharp, and play it smart, Paradisers. We're in a critical zone right now.
MyCryptoParadise
iFeel the success🌴
BLZUSDT Are You Ready for a Major Move? Yello, Paradisers! Is #BLZUSDT about to plummet or skyrocket? Let's dive into the key levels and probabilities you need to know!
💎#BLZ is showing signs of retracing to the support zone in the $0.215 - $0.2 area after failing to break the supply zone and experiencing a hard rejection. This loss of momentum suggests may need to revisit the support zone to regain strength for a new move.
💎If BLZ successfully breaks out without revisiting the support zone, we could see a significant bullish momentum, pushing the price upwards to achieve high-probability targets.
💎However, if BLZ revisits the support zone but fails to sustain it, breaking below $0.2, this could be a bearish signal. The price may continue downward towards the next target area around the Bullish Order Block (OB) at $0.183.
💎Should BLZ hit the OB at $0.183, a reversal could occur due to large orders in that area. However, confirmation is needed. BLZ must reclaim the support zone above $0.215 to align with our bullish plan.
💎If BLZ breaks below the OB at $0.183, this would be a strong bearish signal, invalidating the bullish scenario and increasing the probability of further dips.
Stay vigilant, Paradisers! The next moves in BLZ will determine if we see a bullish surge or a bearish plunge. Discipline and strategic planning are crucial. Trade smart and stay focused!
MyCryptoParadise
iFeel the success🌴
Detailed Technical Analysis for BLZ-USDT ChartThe price of BLZ is currently trading at $0.2895 and it is in the resistance zone (Green) at $0.2815 - $0.2907, trading under the trendline(Red) for approximately 66 days. The chart shows a bearish trend, as there are 2 EMA’s 55 (Blue) and 100 (Red) they are also showing a bearish trend, and the price is struggling to break above a descending trendline on a daily time frame.
After making a rejection(Orange Circle) from the trendline the price breaks through the green zone and bounces back from the blue zone at $0.1983 - $0.2228.
Key Zones and Levels
Resistance zone (Green) $0.2815 - $0.2907
Resistance Levels $0.3887 and $0.4626
Support zone (Blue) $0.1983 - $0.2228
Final Support $0.1099
Trendline (Red)
Moving Average Analysis
The 55-day (blue) and 100-day (red) EMAs are both sloping downwards, reinforcing the bearish outlook. The price needs to break above these EMAs to signal a reversal in trend.
Scenarios
There are 2 possible scenarios bullish and bearish
1- Bullish
If the price breaks out from the green zone at $0.2815 - $0.2907 and the trendline(Red) with the high volume we could see the price testing at the $0.3887 resistance and if it flips the $0.3887 level then the next target will be $0.4626 level. The price has to break above the EMA’s as they are also acting as a resistance to go up.
2- Bearish
If the price is rejected from this green zone, after a pullback we might see the price testing the support zone(Blue) at $0.1983 - $0.2228, and if this zone cannot hold the price we might see more decline in the price of BLZ.
Volume and Market Sentiment
The current volume of 12.71M suggests active market participation. However, the price movement will depend on whether the bulls can sustain momentum to break above the critical resistance levels.
Conclusion,
Bluzelle (BLZ) is trading at $0.2834 in a bearish trend, struggling to break a resistance zone of $0.2815-$0.2907 and descending trendline. A breakout could target $0.3887 and $0.4626, while rejection may drop it to $0.1983-$0.2228.
BLZ/USDT Will BLZ Conquer the $0.296 Barrier? Watch Now!💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum.
💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area.
💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area.
💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier.
💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines.
MyCryptoParadise
iFeel the success🌴
BLZ Analysis and Signal on 4HBLZ Analysis and Signal on 4H
🔵Entry Zone 0.2505 - 0.2444
🔴SL 0.230
🟢TP1 0.2686
🟢TP2 0.2876
🟢TP3 0.2999
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.
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BLZUSDT - at his supporting area? What's next??#BLZUSDT.. for crypto traders keep close that coin BLZUSDT and keep in mind that is at his supporting area. 0.2500 around.
Keep close it because that is most important support of the week.
If coin hold that level then again bounce expected from here.
Buying invalidate only below 0.2500
Good luck
Trade wisely
BLZ looks bearishIt seems that the last efforts of the buyers have been made and the bullish waves of BLZ are over. Now the price is in an important supply that can be rejected from this supply on the lower side.
Also, the price structure has changed to a bearish one.
By maintaining this supply, it can move towards the targets.
The targets are inserted on the image.
Closing a daily candle below the invalidation 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
BLZ/USDT will obey the ascending triangle!Hi every one
BLUZELLE / TETHERUS
the BLZ/USDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
note: we should wait for the breaking of the triangle and than make a move!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
I Cannot SHORT This !!!HI.
Seems we have a channel on weekly timeframe
Want to see a break upwards of channel🚀
👀To motivate me , Please Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BLZ/USDT LOOKS PROMOSIMG BLZ/USDT pair is showing promising signs for the mid-term. The structure is transitioning to a more bullish pattern, leading me to anticipate an imminent breakout. A bullish move of 60-120% is expected in the mid-term.
Please note, this is not financial advice. It is recommended that you conduct your own research (DYOR) before making any investment decisions."
BLZ/USDT Facing on the key resistance area. Could Breakout ??💎 BLZ has recently exhibited significant market dynamics, encountering a key resistance area.
💎 A successful breakout from this resistance could ignite a bullish momentum, probability leading to significant upward movement and reaching our target area.
💎 However, if BLZ fails to break above this resistance level, the price may face rejection and subsequently move downward, potentially retracing back to test the demand area to establish new momentum.
💎 The demand area is a critical zone, and BLZ needs to bounce from this level and reclaim the price above it. Failure to do so could result in BLZ losing this support level and continuing its downward movement, potentially experiencing further decline.
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.
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