One of my fav coins. I've been real hesitant to short this coin because I like it so much, but I need to work on setting stops to buy back when my coins push through resistance.
Here we have some good solid resistance, and the RSI is just poking towards the top, so a good time to short IMO. Setting my stop to buy back just above 1650.
$BLZ Trying to do a S/R flip at ~1650sats zone....
UCTS Buy signal active on the 1D
RSI at good levels and showing Bullish divergences with MACD
If it hodls & confirms the new support, a movement to 2400sats zone is possible.
Hi friends! Welcome to Poop's long term forecast for $BLZ
Recent developments on $BLZ hints a larger inverted complex head and shoulders will likely form on $BLX as a result of a rally from the current inverted head and shoulders pattern that has successfully crossed its neckline. This supports our prior analysis that $BLZ was forming another broadening wedge...
As you can see in the chart the price has broaken the orange pitchfork and pullback to it. Also just now you can see the price touched MA200. We expect the price reach up line of blue pitchfork and after that will pullback to MA200 and after this confirmation you can enter the position.. If you are risky person you can enter the trade now and set your SL upper...
Blz managed to bounce from its support with some good volume but, we still have a resistance 200 DMA above it. We will take it as our first target .
TARGET 1 : 0.00001500
TARGET 1 : 0.00002300
STOP LOSS : 0.00001220
i'll really appreciate if you would leave a like.
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BLZ/BTC must surpass a strong resistance at 1260 in order to continue it's bullish movement. I hope to see this in the next 12 hours...
Another scenario would be a daily close above the 100 day MA
A daily close below the 100 day MA would indicate a movement to re-test the next support
as we see, the chart says that BLZ is in a perfect place before it is journey to the moon.
and since it is one of the good Coin's investment choice, I assume it is the best place to buy some at this point.
Good luck everyone