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BLZ

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
BLZ technical analysisBLZ is in a bearish trend and moving in a falling wedge for approximately 125 days. The support zone (Yellow) at $0.1080 - $0.1241 is holding the price. If this zone failed to hold the price we could see more decline in the price. After the breakout from the trend line, we could see some bullish moves. If the momentum continues we could see the price to the next levels. Traders should be vigilant, considering positions based on the support's reaction and entering a buy if it holds. Always consider risk management strategies, especially with the current market volatility, and set stop-loss orders to protect against unforeseen price movements.
by TheCryptoCity
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
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/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 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 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 has formed a Bullish SetupBLZ has formed a Bullish Setup. After the bounce from the support zone I expect that it continues to go up. 🔵Entry Zone 0.3913 - 0.007630 🔴SL 0.3869 🟢TP1 0.4094 🟢TP2 0.4297 🟢TP3 0.4769 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
4
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
A Tactical Approach to #BLZ/USDT Trading with Strong Support!#BLZ/USDT pair: Technical Analysis: Strong Support Level: The current scenario indicates that BJD is above a strong support level, suggesting a potential rebound in the price. Entry Point: Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the strong support level. Additional Entry: Add more positions if the price drops to 0.3307, using this level as an additional buying opportunity. Target Prices: Set specific target prices at $0.37540, $0.4, $0.43, and $0.49. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): To manage risk, set a Stop Loss (SL) at 0.3205. This level is chosen to limit potential losses in case the market doesn't move as expected. Risk-Reward Ratio (R:R): The Risk-Reward Ratio is mentioned as 1:6, indicating a favorable ratio. This means that for every unit of risk (1), there is the potential for six units of reward. Cautionary Note: Emphasizes the importance of exercising caution with leverage and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to avoid significant losses. Reminds traders to conduct their own research (DYOR) before making any trading decisions, and clarifies that the provided information is not financial advice. In summary, the recommendation suggests a bullish stance on #BLZ/USDT based on the strong support level. It provides specific entry points, target prices, and a risk management strategy, while also advising caution with leverage and emphasizing the importance of conducting personal research. As always, the information provided is not financial advice.
Long
by CRYPTOMOJO_TA
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