BLZUSD trade ideas
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.
Bluzelle BullishBluzelle looking Bullish.
Weekly signal: Bullish.
Strong volume.
Higher Highs, Lower Lows.
Breaking above previous high.
Use Go / No Go line to determine In or Out, or Back In.
BLZ - nibble hereInitiated a small long position here at .14. I like the similar directional look to the last rally plus the uptrend in Chaikin money flow. Stops set at .13.
