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Bluzelle

Is a Major Move Imminent? #BLZUSDT on the Edge of a Breakout!Yello, Paradisers! Are you ready for a breakout that could shake up the market? Here's what you need to know about #BLZUSDT right now. 💎#BLZUSDT is flirting with a descending channel, and we're on the verge of a potential breakout that could ignite a strong upward move. At the moment, #BLUZELLE is testing the channel's resistance while trading within a consolidation zone. 💎If it can hold steady at the crucial support level of $0.1106, we might see a substantial push toward our target resistance levels. 💎But, as always, the market is volatile. If #BLZUSDT loses its grip and drops below $0.1106, it could signal the end of this bullish momentum, leading to a significant price decline. Stay sharp, and play it smart, Paradisers. We're in a critical zone right now. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Bluzelle (BLZUSDT): Strategic Spot-Buy OpportunityDuring our recent livestream, we highlighted BLZUSDT as a potential spot-buy opportunity. We identified several key levels of interest for entries and stops. 12-Hour Chart Analysis: The weekly fair-value gap nearly overlaps with the three-day fair-value gap, making this level a significant potential entry point. Additionally, the lower support zone, which has frequent price interactions and includes another three-day fair-value gap, offers a secondary entry level. We'll place our stop-loss just below the midpoint of the monthly fair-value gap, marked by a blue dotted line. In conclusion, BLZUSDT looks like a promising spot-buy opportunity with clear entry levels and a strategic stop-loss placement. We look forward to seeing new highs well above $0.48. Yearly VWAP Analysis: In addition to our usual analysis, let's take a look at the VWAP (Volume Weighted Average Price) charts to fine-tune our strategy. Specifically, we'll focus on the annual VWAP for 2023. The current position of the price is between the 2023 VAH (Volume Area High) and the 2023 VWAP. We expect the price to reach the 2023 VWAP, aligning with our first entry level. Our stop-loss aligns with the 2023 VAL (Volume Area Low), providing extra confidence in this support level. This alignment, though unintentional, suggests strong support. The annual VWAP chart adds more validation to our BLZ-USDT strategy. Aligning our entry at the 2023 VWAP and setting the stop-loss just below the 2023 VAL strengthens our support levels and makes our setup more robust. Quarterly VWAP Analysis: The price has fallen below the 2023 Q4 VAH (Volume Area High) and is now nearing the 2023 Q4 VAL (Volume Area Low). The price is approaching the 2023 Q4 VAL, a crucial support level. Both the 2023 Q3 VAH and the 2023 Q3 VWAP closely align with our primary entry levels, adding further confidence to our strategy. Our strategy summary involves aligning the primary entry with the 2023 Q3 VAH and the 2023 Q3 VWAP. These levels overlap with our identified fair-value gaps, providing potential support. The quarterly VWAP chart strengthens our confidence in the identified support levels for BLZ-USDT. The overlap between the annual and quarterly VWAP levels at our entry points suggests strong support, making this a promising setup for a spot trade.
Long
by freeguy_by_wmc
BLZUSDT Are You Ready for a Major Move? Yello, Paradisers! Is #BLZUSDT about to plummet or skyrocket? Let's dive into the key levels and probabilities you need to know! 💎#BLZ is showing signs of retracing to the support zone in the $0.215 - $0.2 area after failing to break the supply zone and experiencing a hard rejection. This loss of momentum suggests may need to revisit the support zone to regain strength for a new move. 💎If BLZ successfully breaks out without revisiting the support zone, we could see a significant bullish momentum, pushing the price upwards to achieve high-probability targets. 💎However, if BLZ revisits the support zone but fails to sustain it, breaking below $0.2, this could be a bearish signal. The price may continue downward towards the next target area around the Bullish Order Block (OB) at $0.183. 💎Should BLZ hit the OB at $0.183, a reversal could occur due to large orders in that area. However, confirmation is needed. BLZ must reclaim the support zone above $0.215 to align with our bullish plan. 💎If BLZ breaks below the OB at $0.183, this would be a strong bearish signal, invalidating the bullish scenario and increasing the probability of further dips. Stay vigilant, Paradisers! The next moves in BLZ will determine if we see a bullish surge or a bearish plunge. Discipline and strategic planning are crucial. Trade smart and stay focused! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
4
BLZ/USDT Will BLZ Conquer the $0.296 Barrier? Watch Now!💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum. 💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area. 💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area. 💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier. 💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
BLZ/USDT will obey the ascending triangle!Hi every one BLUZELLE / TETHERUS the BLZ/USDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) note: we should wait for the breaking of the triangle and than make a move! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
12
BLZ/USDT Facing on the key resistance area. Could Breakout ??💎 BLZ has recently exhibited significant market dynamics, encountering a key resistance area. 💎 A successful breakout from this resistance could ignite a bullish momentum, probability leading to significant upward movement and reaching our target area. 💎 However, if BLZ fails to break above this resistance level, the price may face rejection and subsequently move downward, potentially retracing back to test the demand area to establish new momentum. 💎 The demand area is a critical zone, and BLZ needs to bounce from this level and reclaim the price above it. Failure to do so could result in BLZ losing this support level and continuing its downward movement, potentially experiencing further decline.
by MyCryptoParadise
BLZ/USDT In the Bullish flag pattern. Break out or rejected ??💎 BLZ has undeniably garnered significant attention in the market. Presently, BLZ is exhibiting a bullish flag formation pattern. Breaking out of this pattern is essential to sustain the upward movement. If BLZ successfully breaks out of the bullish flag in the near future, there's a probability for significant upward movement, reaching our target supply area. 💎 However, if BLZ fails to break the pattern in the near future, there is a possibility of a downward movement with a retest at the demand area, which was previously a supply zone, to generate new momentum. 💎 In the event of BLZ retracing to the demand area for a retest but failing to maintain its position, resulting in a breakdown, BLZ may shift to a bearish movement, extending its descent and potentially retracing to the next lower demand area.
by MyCryptoParadise_Nathan
8
BLZ/USDT It required break out the pattern to continue upward!💎 BLZ has notably caught the market's attention. It's currently facing challenges in breaking out of an Ascending Triangle pattern. Historical patterns show that BLZ often faces rejections after approaching the resistance of this ascending triangle. However, a successful breakout at the Higher Time Frame (HTF) could signal a bullish shift, probability propelling BLZ towards our target area. 💎 If BLZ continues its pattern of failing to break out, as observed in the past, it's likely to face rejection again and retreat back to the demand area around $0.250 to build new momentum. 💎 In this demand zone, a significant rebound is essential. If BLZ merely consolidates without a strong bounce, there's a risk of losing this crucial support area. This could lead to a further decline, potentially moving BLZ back towards the Bullish OB area.
by MyCryptoParadise
Bluzelle ( BLZ ) 61,8% retracementBLZ/USDT at 61,8% Fibonacci Retracement level. ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
Bluzelle (BLZ) - A Soaring Journey and a Bright Future AheadMarch 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 -93.64% retracement. However, the story doesn't end here. The recent uptrend from this crucial low point suggests that BLZ still has a significant runway for growth. If the impulse and corrective waves we've observed represent grand cycle waves 1 and 2, we could potentially see BLZ soaring beyond $80 by 2025. Even if these waves are part of a larger A and B, a conservative estimate would place BLZ around $4 by February 2024. BLZ's journey is a testament to the power of Elliott Wave analysis in deciphering market narratives. For traders and investors alike, BLZ presents an intriguing opportunity – a chance to be part of a narrative that's yet to fully unfold.
BINANCE:BLZUSD
by MaestroAI
BLZ/USDT Significant Bounce in support. Ready to Upward ?💎 BLZ has undeniably caught our attention. At the moment, BLZ is showcasing a robust rebound after consolidating within a significant support zone. 💎 There's a possibility that BLZ might undergo a minor correction in the shorter timeframe before resuming its ascent towards the supply level at $0.14. 💎 This supply zone is pivotal for BLZ; breaking through it would solidify its bullish momentum, potentially propelling it towards a more formidable supply region. 💎 On the flip side, if BLZ falters before reaching the supply zone and retraces back to its strong support, it's worth noting that its short-term trend appears bearish. Should BLZ fail to maintain its position above this robust support, there's a risk it might breach it. If that occurs, BLZ might be on a trajectory towards the demand zone at $0.085.
by MyCryptoParadise_Nathan
7
The Strength and Consistency of BLZUSDT💎#BLZUSDT has consistently stood out as a top performer over recent months. Its upward trajectory is evident, with the coin consistently marking new higher peaks and troughs on shorter timeframes. After a decisive rebound from the 200 Simple Moving Average on an hourly chart, it established $0.0787 as a pivotal long-term support and demand threshold. Since that point, its value has been on an incline, and it's noteworthy how the $0.1218 supply threshold transitioned into a demand zone. 💎The current price dynamics of #BLZ underscore the respect for this demand zone. There were three separate attempts to dip below this level, but all were unsuccessful. This pattern underscores the dominance of bullish traders and suggests a higher likelihood of continued upward momentum. As such, we might witness #BLZ's price advancing, possibly even surpassing the dual Fibonacci resistance levels. 💎Conversely, it's crucial to acknowledge the recent rebound from the 161.8% Fibonacci resistance, which might be a red flag for bullish traders. If the price descends below the present demand zone, we might see a more pronounced downward correction, possibly revisiting the 200SMA. However, it's essential to remember that the odds still lean towards an uptrend, and a significant dip might attract more investors. Only if #BLZUSDT descends below the $0.0787 support/demand threshold will we re-evaluate this analysis, potentially with a more bearish perspective.
Long
by MyCryptoParadise
#BLZ/USDT 4h (Binance Futures) Ascending wedge on resistanceBluzelle broke down the small rising wedge and has been forming a bigger one which may end up breaking bearish as well, leading to a retest of 200MA support. ⚡️⚡️ #BLZ/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (4.0X) Amount: 6.4% Current Price: 0.15552 Entry Targets: 1) 0.16459 Take-Profit Targets: 1) 0.12635 Stop Targets: 1) 0.18375 Published By: @Zblaba FWB:BLZ BINANCE:BLZUSDT.P #Bluzelle #Storage bluzelle.com Risk/Reward= 1:2 Expected Profit= +92.9% Possible Loss= -46.6% Estimated Gaintime= 4-8 days
Short
by TradingOn
BLZ (Bluzelle) Token Analysis 21/04/2021Fundamentals: Bluzelle is a decentralized data layer for dapps to manage data in a secure, censorship-resistant and highly scalable manner. Bluzelle is powered by Cosmos and its BFT technology Tendermint, making it compatible with various blockchains. As developers continue to build Dapps, relying on centralized databases by AWS, Microsoft and others is a centralized point of failure. True freedom requires the full stack to be decentralized, not just one part. That’s where Bluzelle aims to provide a critical piece in the advancement of Defi, supply chains, gaming, and other Web 3.0 sectors. 1.Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain: 2.Bluzelle DB - a decentralized database for software developers to store information 3.Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications 4.Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data. BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. Becoming a validator was designed to be an easy process with minimal technical knowledge. The vision is to have a network of tens of thousands of nodes working together to provide the most available and secure database in the world. Bluzelle wants every device to become a node, from computer hard drives to video game consoles to mobile phones. Those who do not want to become a validator can delegate their tasks to another validator, ensuring everyone can be part of the network and generate fees. Pavel Bains and Neeraj Murarka founded Bluzelle to address the fragmented data link in the blockchain and DeFi space. Both Pavel and Neeraj hold extensive technological experience with a demonstrated history of working with major global players. Pavel previously co-founded Storypanda, a digital book platform amassing the attention of acclaimed titles by DreamWorks, Warner Bros, and more. With a deep understanding of financial aspects, Pavel actively led the GM and CFO roles at Disney, handling budgets of tens of millions of dollars across 4 continents. Neeraj is an engineer and computer systems architect holding extensive experience of 20 years working with global players including Google, IBM, Hewlett Packard, Lufthansa, and Thales Avionics. The Bluzelle team members have worked for Disney, Sony, Google, Lufthansa, Electronic Arts. They are recipients of the Technology Pioneer Award by the World Economic Forum and named Forrester as a top blockchain vendor in Asia. Its team is based in two locations, Singapore and Vancouver (Canada). Bluzelle is backed by industry funds like NGC, Hashed, KR1, and Kenetic. Bluzelle has building an ecosystem of partners to enhance use of its database and oracles product: Cosmos/Tendermint Polkadot Polygon (formerly Matic) Ankr Equinix (NASDAQ $50B Company) The live Bluzelle price today is $0.389196 USD with a 24-hour trading volume of $35,338,335 USD. Bluzelle is up 2.75% in the last 24 hours. The current CoinMarketCap ranking is #385, with a live market cap of $111,284,391 USD. It has a circulating supply of 285,934,224 BLZ coins and the max. supply is not available. The top exchanges for trading in Bluzelle are currently Binance, Huobi Global, CoinTiger, MXC.COM, and BiONE. Technical Analysis: The Token has done its initialization and Accumulation Phase and Completed An Impulsive cycle where currently is Reneging on the Retracement Phase, We can see clearly the Price Has touched the 261.8% of Fibonacci Projection of the First Impulsive wave, after the Accumulation Phase and now is renege bounding in the Parallels legs of the same Projection after the Distribution of 261.8%. There are chances that the price Continue its Retracement to the lower levels which are defined by Fibonacci Retracement and Specified on the chart where as most Probably they will stand and Bounce Up the Price. There are total of 3 Targets Defined by the Fibonacci Projection and Total of 2 Support areas by Fibonacci Retracement and 1 low of the Projection
Long
by BitonGroup
4