💎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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Here we are looking at BLZBTC and multiple signals are showing that it can now resume growing.
We have a strong bullish candle to break back above EMA50, and very strong indicators.
Prices bounced just above EMA200.
Remember the Bluezelle (BLZBTC) weekly chart?
There is still plenty of potentials still left.
From the current price to ATH, we have...
formation of falling wedge pattern if breakout happens than it will definately hit tps
otherwise it can also form double bottom pattern formation
rsi is showing bullish divergens
macds is bearish
We had a good trade at this coin about 600% profit from my buy signal at 0.00000319 sat
And as i told in vip we had a bearish divergance and we start to correct from that level
For all my friend was a good trade
Now after a month we still are in correction and we should wait more to get ready to buy again
It is educational neo waves trading
Buy 2 and green robo singal say we can buy. Here is my analysis:
1. Chart is currently at support, we can buy at support = 1100 satoshi
2. We can sell when resistance (downtrend line) turns to support (1D open & close above resistance) = 1450satoshi
Since there is an existing sell3 signal, either sell 2 or red robo signal is required for sell decision. We must...
In my previous post I stated that I am not yet bearish on Bitcoin - not even short term.
One of my favourite Altcoins - Bluzelle - confirms my feeling.
For me it's just normal backtesting previous break out points behaviour !!
Let's see how this continues !!
-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...