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...
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*
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!
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...
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.
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.
Bluzelle has been on a slow accumulation campaign, being methodically absorbed since the 18th of June by informed interests. Notice demand surging each time the PA touches an important juncture: TRS (range support), TRM (range midpoint), and now at TRR (range resistance). It's also emitting demand tests amidst a sea of low-level supply. All this while it steadily...
BLZUSD has climbed back into the Gaussian Channel on the Weekly
This is accompanied by a strong support touch on the Monthly chart along the middle of the Gaussian Channel
This is a potential bottom point for BLZ
In our previous original BLZ analysis, we talked about how price to go over $1 and up to $2 eventually.
However I recently discovered the price data on Binance was not complete, hence a re-analysis.
Just like the others published recently, turns out this is also a First Wave Extension.
Trade Idea Enter with stops below the triangle and target previous local ath...
#Bluzelle #BLZ with invalid buy signals so far...
...but all went quite well..
What was missing?
- price has to be above EMA200 for valid buy signals
- buy signal has to be confirmed by QQE indicator.
Let us see if Bluzelle can confirm the volume resistance breakout and if we get a 3-star buy-signal.
What do you think #Crypto Nation? 😎
Drop me a nice comment...
Looks like a descending wedge, RSI is getting oversold. Let's see what happens. I think short term the BTC dump is over, although we could see 38k worst case which would drag this project down with it and invalidate the setup.
Bluzelle (BLZ) back over support and with room to grow.
Not much more to say 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing