MyCryptoParadise_Nathan

BLZ/USDT In the Bullish flag pattern. Break out or rejected ??

BINANCE:BLZUSDT   Bluzelle / TetherUS
πŸ’Ž BLZ has undeniably garnered significant attention in the market. Presently, BLZ is exhibiting a bullish flag formation pattern. Breaking out of this pattern is essential to sustain the upward movement. If BLZ successfully breaks out of the bullish flag in the near future, there's a probability for significant upward movement, reaching our target supply area.

πŸ’Ž However, if BLZ fails to break the pattern in the near future, there is a possibility of a downward movement with a retest at the demand area, which was previously a supply zone, to generate new momentum.

πŸ’Ž In the event of BLZ retracing to the demand area for a retest but failing to maintain its position, resulting in a breakdown, BLZ may shift to a bearish movement, extending its descent and potentially retracing to the next lower demand area.
Trade closed: target reached:
Just as predicted, #BLZ's up a smooth 62.83%!


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