DPOKE

With no support, is BLZ on it's last leg?

Short
BINANCE:BLZBTC   Bluzelle / Bitcoin
BLZ was one of the more hyped ICOs of late 2017-18. ICO price was 2.3K sats and it had a nice run up to 10K sats once listed on Binance. But the downturn in the market has been unkind to BLZ as it has plummeted basically to ICO price. Presently the price sits at ICO price and there is no support for this coin (it's possible this coin hits 0), and the bear market has the potential of ending this project (Its an ERC-20 token so the ripple effect may not only be seen from just BTC movements). On the 1D, the future cloud is bearish, price is under the cloud, T-K bearish cross and the lagging span is under the cloud as well. The RSI is in the shitter, and with that being said, I would avoid entering a position on this coin. In boxing terms, this coin is wobbly on its legs and is using the ropes as support and one more hit and we may see a knock out. Safe trading folks.
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