12h time frame
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BLUR maintains downward trajectory since hitting $0.8, also formed a neckline that would be the critical resistance in future. However, BLUR is probable on a correction wave, also called Elliott 2nd wave, if we take a step back and look at the bigger picture. Current pullback is approximately 60%, that is still acceptable because just got support...
4h time frame
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BLUR is creating a big head and shoulders, and breaking out the short-term downtrend line so far. Neckline of HS is around 0.834, that is the critical resistance for BLUR to make further crazy pump. Entry after neckline got breakout doesn't provide that great RRR as current entry.
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TP: 1.255
SL: 0.363
4h time frame
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BLUR is creating a small diamond structure during increasing way. Diamond is a netural structure that doesn't tend to be pump or dump; however, BLUR is getting support from the uptrend line of this diamond, and almost complete the retest of cup and handle, all signs show current support is effective.
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TP: 1.2
SL: 0.63
Blur (BLURUSD) formed yesterday its first ever Golden Cross on the 1D time-frame as the 1D MA50 (blue trend-line) crossed above the 1D MA200 (orange trend-line). This alone is an incredibly bullish signal and since the price is trading inside a Bullish Megaphone, the ideal buy entry is closer to its bottom (Higher Lows trend-line), namely the 0.5 Fibonacci...
