BLZUSDT Consolidating...
BLZ has been on a hell of a tear - Currently having smashed through a long term resistance at around 0.3360 and headed north to try the next at 0.3950 - didn't break and returned to the newly formed support at 0.3360...
It is currently on the 3rd re-test of this support - and in a clear falling wedge / Cup Handle with falling volumes...
What I am looking for is a rebound from this support to re-try for the 0.3950 resistance - if this can be flipped then heading for the blue zone....
This was tried on last daily candle and failed - falling right back to support - and incidentally forming a double top - so possible collapse of support is downside risk at which point looking at support in the 0.3000 region.
So I suspect invalidation for this trade is losing support and losing the 8H 100 SMMA
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