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
Blzusdt
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
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.
BLZ/USD BLUZELLE Still Trending Down ( Part 2)If the price breaks down, next BLZUSD support is around $0.00842
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and are therefore are unqualified to give investment recommendations.
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BLZ/BTC (Up to 100% Profit Target)BLZ/BTC
Triple Bottom, Broke Down-line resistance, Massive Bull
Volume, Higher High and now waiting for Higher Low.
This is looking Bullish daily uptrend.
Trade setup
Buy area: 330 Sats - 300 Sats
Sell target: 450 Sats - 600 Sats
Stop loss: 250 Sats
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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.
BLZ Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Area
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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BLZBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. I am sure, you will be get nice profit. Good Luck!
Thanks for visiting.