Well we have broke the downtrend line, and have Great news BLZ is added to another Exchange. Huobio is now offering the BLZ trading pair.
Look for two green candles on day chart in white triangle , and a break of the Trendline where we close a full candle above Trendline. If we don't look for prices to go into uncharted territory.
Bluzelle fighting to hold on, Bears are still knocking on the door but I hear the knocks becoming more faint. Rebound?
Bears are running out of room to offload, could still see price action drop to 4600 sats but that would mean a Full retracement of the fib.
Possibility of breakout or fallout? What is your thoughts?
Watching the hourly on Bluzelle and finding some possible trends.
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...
BLZ looking bullish again shorterm with btc refusing a head and shoulders and possibly breaking out. Meanwhile, if BLZ is capable of breaking over 8400 level momentum will carry it higher
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...