Blzusdt
BLZUSDT Technical Analysis⏳ Spot
💎 BLZUSDT has formed a symmetrical triangle. The price has got rejected from the resistance line several times. After the last rejection I expect that I reverses from the Pullback zone and after the breakout I expect more bullish move.
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.2430
☕️ TP1 0.2760
🍺 TP2 0.2900
🍻 TP3 0.3400
🍾 TP4 0.3700
🍷 TP5 0.4000
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 0.2140
Good Luck 🎲
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BLZ big resistance overheadBLZ got multiple resistance levels overhead, resistance trendline started in March, and looks like that price respects it (one bounce down since established), 200sma daily, and 0,28 level that was support and now acting as resistance. Now in this "small" falling wedge (bullish figure). SRSI is on the top and we have a chance to move down, retest 20sma, or that support found at 0.1855. If BLZ breakout above these resistance levels we could see a big move up so it's worth setting alarms for this one. Good luck traders
BLZ/BTCBLZ is a decentralised storage network for the creator economy you can say it’s a type of decentralised oracle with advance features it’s market cap is very low as compared to the competitors so upside potential is definitely huge. Technically it is on horizontal support and trend line support on 1D timeframe also forming symmetrical triangle on 3D timeframe once breakout it will pump hard.
BLZ seems to be short-term bearishThis is clearly a head and shoulders pattern forming up on the BLZ price chart. I will be expecting this to dump till reaching its golden ratio which is 0.176 range if it breaks the neckline and retests. Also depends on where BTC moves. Cuz in this situation, alts follow where BTC heading to.
Happy Trading!
BLZ Being preparedBLZ has a heavy resistance line in his path that BLZ has encountered many times but has not been able to break.
The resistance line is now combined with its moving average 200 in Daily time frame, which makes it harder for it.
But if it can break this resistance well, it will go up to 0.4513 without pain.
Please comment, will it succeed in breaking this resistance?