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
#BLUR
The price is moving in a bearish flag after starting to rise at the end of November
With a basic support area at 0.4850
A breakout of the downtrend is expected. I expect a new upward high on the 4-hour frame.
The price now is 0.5343
First target 0.5773
Second target 0.6248
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
Certainly! Let's break down the provided information about trading the #BLUR/USDT pair:
Technical Analysis:
Pattern Identified: A bullish flag pattern has been identified, suggesting a potential upward movement in the price of #BLUR/USDT.
Breakout Confirmation: The price has broken out of the bullish flag pattern, indicating a bullish trend.
Retest: The market...
Date: January 11, 2024
Overview:
BLUR/USDT has shown interesting market dynamics as depicted in the daily time frame. This analysis aims to dissect the price action and indicator readings to evaluate BLUR's current market stance and potential future movements.
Z-Score Probability Indicator Analysis:
The Z-Score Probability Indicator suggests a fluctuating...
🔍 I have been closely monitoring BLUR/USDT for the past two weeks, and I am now 90% confident that a bullish move is on the horizon! 📈 We can anticipate a potential surge of 30-60% in the coming days. Let's stay tuned and observe the exciting developments in this trade! 💪
Disclaimer: ❗️ This information is based on personal analysis and is not intended as...
BLURUSDT
W1 - The price has corrected by 50% from the impulse of the 1st wave, which may lead to continued upward movement in the near future.
D1 - To consider buying, the price must form a 3-wave structure and, upon breaking through the high of the 1st wave, continue moving to the levels of 0.8447. You can also consider entering when the price fixes...
In my opinion, KUCOIN:BLURUSDT will face resistance in these areas that I specified
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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BINANCEUS:BLURUSDT can explode
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
BLURUSD crossed today not just over the 1D MA50 for the first time since July 14th but more importantly the top of the Falling Wedge pattern that has never been broken in its history. This turned the 1D timeframe technically overbought (RSI = 70.700). Since however the 1D MACD is on a Bullish Cross under the 0 neutral level, which means that it was massively...
