Bluezelle (BLZUSD) hit bottom 10-June, together with the majority of the Altcoins.
A higher low happened early August, same as with the rest of the market, and now the pair is moving forward with massive strength.
This is the pattern that we shared with you using Status Network (SNTUSDT), with this pair being more advanced. This is what is coming to all the...
The price of bluzelle has come full circle trading on Coinbase, from the starting price to right now; where the price now is the same as the starting price.
Bluzelle is
Weekly Trend Analysis:
Bullish Support (0.28-0.25): Imagine this as a sturdy floor supporting prices. If BINANCE:BLZUSDT dips, it finds support in this range, indicating overall positivity in the market sentiment.
Resistance and Potential Growth: The market is currently facing resistance, but there's potential for breakthrough towards higher values, possibly...
If the current weekly candle on bluzelle can close above the rimline for this cup n handle pattern it should solidify the current bullwick it has made after having a sizeable dip below the rimline earlier in the current weekly candle. Only have to worry about readjusting the measured move line in my opinion if we close the weekly back below the rimline as I would...
RSI at 65 with both RSI and Stochastic RSI
pointing up as the consolidation continues to move
upwards. VWAP up 16% in 7 days, price reached 30% above last week's high. Ascending triangle after a bullish pennant breakout, this is an amazingly positive chart.
Next fib level at 43 cents should come soon. Hop on this train and enjoy the ride.
We currently have 1 weekly candle close above the rimline of the cup. I want to see at least 2consecutive weekly candle closes above the rim and a 3rd candle maintaining support before I’m ready to say probability favors a breakout validation. If it does breakout here the measured move will be around 63 cents. *not financial advice*
BLZ previously had a 26 day accumulation period with a massive move upwards. It is almost approaching the same timeframe and starting to break out of the triangle. With a small market cap this can move very quickly. Bluezelle has some interesting folks behind it from Disney, Sony, and EA. Bluzelle is backed by industry funds like NGC, Hashed, KR1, and Kenetic.
March 9, 2020 marked a pivotal moment for Bluzelle (BLZ) as it hit a low at $0.006. What followed was nothing short of spectacular - a 378-day, 5-wave Elliott impulse cycle that catapulted BLZ by an astonishing 11029%, peaking at $0.6737 on March 22, 2021.
This meteoric rise was then mirrored by a WXY complex corrective phase lasting 805 days, culminating in a...
In my point of view BLZ has played a flat correction from the begining and now it has ended. Currently BLZ is in the 2nd wave and can reach 0.9-1 $ area in coming weeks. From there we can long BLZ with bullish conformation
Currently Bluzelle is in retracement phase.
If it can maintain solid support validating a bullish breakout then the price should recover most of what it lost here and could go as high as 35 cents in the process and higher.
higher lows
rsi is below 50
strong buy support 0.25 and 0.26 areas
*not financial advice*
One of the few cryptos currently not in the red today. If it can maintain solid support on the top trendline of this triangle until validating a bullish breakout then the price should recover most of what it lost here and could go as high as 30 cents in the process *not financial advice*
A quick look at the look at the price action history of Bluzelle suggests that the impressive run up since midsummer has come to end ... but I've been wrong before, so I welcome your tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best, right?
As always, I strive to render these ideas of...
BLZ is on track and lets hope this uptrend continues right on through to the next pump. This has been my favorite trade for the past month, while the entire market has been turning down and unpredictable. Check out the weekly, Monthly and year performance by BLZ as well. Thanks for reading and good luck!
BLZ Cup n Handle ACcumulation setup. Major accumulation on the lower Cup range in Grey. I set a projection to focus on this drop accumulation and range to focus on the breakout around Dec 11th region if it breaks 0.07-0.09
The first chop range of focus is 0.09-0.14 with a pop potential to 0.17-0.24 for the first retest to the first supply range.
This may...
Wave counting based on Elliott waves
According to the wave count on this currency and having an upward rally ahead for the digital currency market, we expect this currency to grow to the range of 0.3 to 0.6 dollars.
300-600%
