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FieryTrading
Feb 2, 2021 7:26 AM

🔥 BLZ/USDT Bullish Wedge Break Out Long

Bluzelle / TetherUSBinance

Description

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BLZ is one of the crypto's who's generally left behind for a bit since it's consolidating over almost three weeks now. Early this morning it seems that BLZ has finally breached its consolidation phase and broke out of the bullish wedge, marking a new path upwards.

With Bitcoin being relatively bullish over the last two days, I expect that the smaller crypto's will follow suit.

On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers. Do your own due diligence.

Happy trading!

Comments
Crypto_MaS
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dude do you have any update for this signal?
FieryTrading
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@masootiii, SL hit, trade finished, seemed to be a fake out.
Crypto_MaS
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Crypto_MaS
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it is near the SL :(
TheSignalyst
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thanks for sharing Fiery :D
FieryTrading
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@TheSignalyst, Thank you!
andreda
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Is the dotted blue line your stop loss?
FieryTrading
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@andreda yes sir
KlejdiCuni
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Perfect analysis!
FieryTrading
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@KlejdiCuni thank you!
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