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BLZUSD

Is BLZ About to Explode? Critical Levels You Can't Miss!Yello, Paradisers! Are you ready to spot the next big move on BLZ/USDT? The price action is at a make or break moment, and understanding these key levels could define your next trading decision. Let’s dive into it. 💎 BLZ/USDT surged past a descending resistance line that had suppressed price action for months, signaling a potential bullish breakout. For now, the price is approaching the current minor resistance around $0.1866, which is capping upward movement. If BLZ manages to break above this zone with conviction, we could see a strong rally targeting the $0.25–$0.27 region, which represents the next significant resistance level. 💎 If the price fails to break above the minor resistance, it could retrace to the $0.1563–$0.1638 support zone, which is now a crucial area to watch. This zone, previously a resistance level, is acting as a foundation for further upside momentum. As long as this level holds, the bulls remain in control. 💎However, if the price falls below the $0.1563–$0.1638 support zone, a deeper correction toward the $0.1412–$0.1461 lower support zone could unfold. Buyers are likely to step in aggressively at these lower levels. A decisive daily close below the lower support would invalidate the bullish structure, potentially leading to a sharp decline and trapping late buyers. Trade smart, Paradisers, and let the market come to you. It’s all about consistency and strategy. Stay focused and keep mastering the art of trading. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
7
Where to buy BLZ?It seems that we have a corrective diametric on the chart, from which the G wave is left. The green range is a powerful range. If the price reaches this range, we will enter buy/long positions. When you enter the position and make a profit of 20% or more, proceed to save profit. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
5
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
Detailed Technical Analysis for BLZ-USDT ChartThe price of BLZ is currently trading at $0.2895 and it is in the resistance zone (Green) at $0.2815 - $0.2907, trading under the trendline(Red) for approximately 66 days. The chart shows a bearish trend, as there are 2 EMA’s 55 (Blue) and 100 (Red) they are also showing a bearish trend, and the price is struggling to break above a descending trendline on a daily time frame. After making a rejection(Orange Circle) from the trendline the price breaks through the green zone and bounces back from the blue zone at $0.1983 - $0.2228. Key Zones and Levels Resistance zone (Green) $0.2815 - $0.2907 Resistance Levels $0.3887 and $0.4626 Support zone (Blue) $0.1983 - $0.2228 Final Support $0.1099 Trendline (Red) Moving Average Analysis The 55-day (blue) and 100-day (red) EMAs are both sloping downwards, reinforcing the bearish outlook. The price needs to break above these EMAs to signal a reversal in trend. Scenarios There are 2 possible scenarios bullish and bearish 1- Bullish If the price breaks out from the green zone at $0.2815 - $0.2907 and the trendline(Red) with the high volume we could see the price testing at the $0.3887 resistance and if it flips the $0.3887 level then the next target will be $0.4626 level. The price has to break above the EMA’s as they are also acting as a resistance to go up. 2- Bearish If the price is rejected from this green zone, after a pullback we might see the price testing the support zone(Blue) at $0.1983 - $0.2228, and if this zone cannot hold the price we might see more decline in the price of BLZ. Volume and Market Sentiment The current volume of 12.71M suggests active market participation. However, the price movement will depend on whether the bulls can sustain momentum to break above the critical resistance levels. Conclusion, Bluzelle (BLZ) is trading at $0.2834 in a bearish trend, struggling to break a resistance zone of $0.2815-$0.2907 and descending trendline. A breakout could target $0.3887 and $0.4626, while rejection may drop it to $0.1983-$0.2228.
Long
by TheCryptoCity
1
BLZ looks bearishIt seems that the last efforts of the buyers have been made and the bullish waves of BLZ are over. Now the price is in an important supply that can be rejected from this supply on the lower side. Also, the price structure has changed to a bearish one. By maintaining this supply, it can move towards the targets. The targets are inserted on the image. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
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
BLZUSD current weekly candle has a sizable bullwickIf 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 guess that this c&h is most valid on the weekly timeframe. However we have closed at least one daily candle back below the rimline again so there is a slight chance the measured move would be better suitaed to be moved to the third break above the rimline on the weekly channel. For now I’m keeping the measured move line where I have it, but I may clone the line and put the clone at the third breach of the rimline on the daily chart jsut to see if it seems to be holding more legitimacy with its interaction with price action than the measured move lines current location does. Odds are good if this weekly does close above the rimline that bluezelles retracement may soon be ending and the pump resuming. *not financial advice*
COINBASE:BLZUSD
by DrDovetail
BLZ ANALYSIS 4HConsidering the bearish CH and bearish iBOS on the chart, it seems that BLZ has a trend change. The pump that we are seeing now seems to retest the supply range and collect sell orders for more drops. I have specified the movement we expect from blz on the chart. The targets are clear on the chart and I also specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
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 UPDATE (1D)There are many questions about BLZ from which area this symbol will be rejected. According to the CH and BOS that BLZ has had, as well as due to the existence of liquidity pools in the above areas, BLZ is only in a suitable place for a short position, which is listed as "Suitable place for shorts position". A short position can be entered in the red area with confirmation. Note that this is not a buy/long signal, we already signaled this symbol from the bottom.
by behdark
3