BLZ has a support zone at 0.05-0.055$ and it is likely that over the next few days BLZ will have a correction to the 0.075-0.08$ zone.
However, if this zone is broken, the BLZ will drop very sharply and the target is at 0.04$ or even 0.02$
📈BUY- LONG Strategy
- Buy: 0.05-0.055$, stoploss if B
- Sell: 0.075-0.08$, stoploss if A
💎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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Note: DYOR before opening a trade.
Bluzelle is in a very strong position to open a long here. It has just bounced back off a very strong support and sitting just near 20 MA. It can possibly go and test the resistance.
-Bluzelle is currently pulling back after the breakout strong breakout
-In my opinion, it will likely to test the previous resistance area
-If we can see Bullish rejection at this zone, and the support will hold
-There is a chance we can see a bounce up reaction up to 1800 sat
-We can also see the 200MA is catching up as dynamic support
-Watch the .618...
-Since the Cross Ultimate indicator flashes a Buy priority signal
-The price today already increased by over 300% returns
-We can also see where the strong reaction at MA support last July 28
-The bounce shoot up over 60% increased that day
-BLZ is trying to make a new Higher High
-If the daily candle will close strong
-It is likely to reach the 1300...