IF (big if), the new bull channel is validated, the two entries I'd be looking for are on a double-bottom either on a dip into the buyzone (ideal) or the bottom of the trendline.
Bearish continuation if price dips below the buyzone and confirms it as resistance on the other side.
Hello all! Welcome to my first technical analysis post on this platform.
I wanted to share the descending triangle pattern formed for BLZ on the 1hour chart. As you can see the price is showing a lot of resistance to the down trend line in blue, forming lower peaks while maintaining the lower support level.
On the 1 hour chart, BLZ symbol] has already crossed...
Breakthrough happened on high volume, look for 1st target at 15000 satoshi. Its hard to determine further targets as there is absolutely no precedent with this coin. Be careful and invest conservatively, this is not financial advice, merely my opinion/
BLZ is fresh off the boat, already making an ascending triangle and looking very bullish with lots of volume. This is a new coin so VERY HIGH risk, that being said, this thing could get pumped to high heavens at least 300% to 400% current value if market mania kicks in. Look for break up above 10 000 satoshi and enter long for some good profits.
If it does break...