What are we seeing here?
I am seeing altcoin after altcoin pair getting ready for a very strong bout of growth... Is it really possible?
It is already happening in many ways with huge profits coming in daily from a wide variety of altcoins.
Here we have Bluezelle (BLZBTC), which is now trading above resistance and aiming for a price increase.
Bluzelle coin price at 4 hour resistance need close breakout above for new trend
Bluzelle coin is also listed on the binance future with good liquidty wait for price to breakout above the 210 sats after that you can start ladder buying
Will prefer buying retest of the S/R flip
here's the entry after berakout above 210 sats
Ladder buy : 210 - 205
The last analysis for BLZBTC was shared 22-Nov.
It is moving exactly as charted, see below:
So we already know what to expect...
Currently, we have prices moving above EMA10.
We have our indicators trending higher but the trading volume is still low.
Just one more final...
Welcome to this quick Altcoin Setup.
BLZ is among. the altcoins which really pump hard in altseason.
Last time we traded BLZ it rallied over 550%.
They also have some Mainnet news at the end of first quarter of 2021.
Just broke out of the 50D MA in Daily chart and 200D MA (Blue Line) in 2D Chart. We can also see a bullish MACD Crossover this 2D Chart.
There is an inverse head and shoulders pattern forming on this pair, now we can enter with a small Stop Loss. Pattern is not confirmed yet but Risk Reward Ratio is very good
Entry - 0.071-0.072
TP - 0.081
SL - below 0.68
DYOR before taking any trade.
Bluzelle forming a multi month cup & handle !
The 5th of November RSI got very oversold and there is now a positive RSI divergence at the double bottom in price terms.
I am loading up on this one again since it has been one of the best performing DeFi projects in the recent short Altseason.
I think BLUZELLE will be one of the best performers in the next one !
Hello Dear Traders,
BLZ has made double bottom and also perfectly bounced frm demand zone as i marked in chart
this is best time to enter in this coin,
there is no resistance in middle of its journey, it will test supply zone upside
i m expecting 70% plus return in upcoming days
Please share your opinion and leave a comment and / or give it a like.
💎Technical Analysis Summary💎
-Bluzelle is painting a potential H&S pattern
-This pattern is bearish if the support neckline breaks
-This is also a warning sign if you have a Buy position
-Please reduce or close your trade if the support failed
-The next key level of support is around 500s sat
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