Long
BLZ/USDT 1h Long opportunity
Updated
BLZ shows a lot of strength despite te BTC drop, on 1hr timeframe we got a bounce from MA50 and on 15min from MA200.
We can see a small Falling wedge, if we manage to break out from this we may retest recent high which was around 0.319 and then form a DT. For now we can enter on the break out of this FW or either on a retest. Watch if the volume increases while breaking out.
It is not a financial advice, always do your own research and analysis. I'm just sharing my personal view.
We can see a small Falling wedge, if we manage to break out from this we may retest recent high which was around 0.319 and then form a DT. For now we can enter on the break out of this FW or either on a retest. Watch if the volume increases while breaking out.
It is not a financial advice, always do your own research and analysis. I'm just sharing my personal view.
Note
As you can see it BLZ broke out from the falling wedge, if someone entered on right on the breakout then be careful because there may be a retest this will be also a good opportunity to enter long if there will be a retest. Watch the volume on retest.Note
As you can see BLZ followed this path perfectly. It did even surpass my target.
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