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.
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...
An assumption on a short BLZ/BTC trade. I'm not a financial advisor. This is not financial advice. Do your own technical analysis and due diligence. Trading is at your own risk.
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
%50 Retracement completed, Ready for another run.
$BLZBTC long idea. Buy under 8600 sats. Descending triangle pattern. Expected to rise.