BLZUSDT Buy Setup!!BLZUSDT (4h Chart) Technical analysis
BLZUSDT (4h Chart) Currently trading at $0.203
Buy level: Above $0.20
Stop loss: Below $0.16
TP1: $0.238
TP2: $0.245
TP3: $0.3
TP4: $0.4
Max Leverage 2x
Always keep Stop loss
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Blzlong
BLUZELLE CHART UPDATE⚠📢In our previous original BLZ analysis, we talked about how price to go over $1 and up to $2 eventually.
However I recently discovered the price data on Binance was not complete, hence a re-analysis.
Just like the others published recently, turns out this is also a First Wave Extension.
Trade Idea Enter with stops below the triangle and target previous local ath (blue horizontal line) as 1st target
2nd target Previous ath within the rectangle
Hodl the rest to $1 if you're feeling extral bullish and lucky.
For swing Traders, you can target the Triangle resistance.
Previous Analysis linked below.
ANOTHER METAVERSE CONTENDER CONFIRMING A BREAKOUT!Evening folks or whatever time it is in your zone.
Chart above is Bluzelle (BLZ) and it looks primed for a breakout.
For confirmation we need to close the current weekly candle above the resistance, do that and we'll probably get a retest or S/R flip if you will before going further to the upside.
I strongly believe in this project coupled with the fact that its in the gaming sector of crypto along with their recent tweet a couple days ago saying they just joined the metaverse, I expect this to run hard.
$1 for the 3rd wave (green) and $2+ for the 5th wave(green) to complete the 3rd grandcycle impulse wave.
Let me hear your thoughts in the comments section.
BLZ/BTC-4HDue to the increase in daily trading volume and the increase in BLZ marketcap and the transition from the uptrend triangle pattern, Targets 1 and 2 are fully available, and in case of failure of the resistance area of the second target, it is possible to achieve the third target in the long run.
Bluzelle approching Buy Zone 60% Gain to 161.80% Fibonacci LevelUpdate 29/03/21 Bluzelle approaching Buy Zone 1, 60% Gain to 161.80% Fibonacci Level. The price has broken down below the 13 EMA, we can expect the Bulls to keep the buying pressure from here. Worst case scenario we can expect a test of the 78.60% Fib level @ $0.43, be patient, use the buy zone to map out your buys. We will be dollar cost averaging in this zone to accumulate more coins, currently the stochastics show the selling pressure to have been exhausted at the current price level, we still have strong bullish momentum and can expect a retest of the 127.20% Fibonacci level (24% Gain from the current price level). See previous analysis below. Happy Trading :)
Update 27/03/21
Bluzelle 10% from $0.63 price target @ 127.20% Fibonacci Level. March madness has been real, Bluzelle Buy signal was first mentioned in our crypto group in February, personally have been invested since early January seeing gains of 700%+. Since the 13 EMA crossed up from the 50 SMA on 01 /03/21 we have seen Bluzelle Gain 400% from $0.12 to $0.62. This oracle is a gem and we can expect this to test the 2018 ATH of $0.80 and further set a new ATH at the 227.20% Fibonacci Level @ $1.04 which is a 80% Gain from the current price level @ $0.57. Our current price target for eoy is above $2+, a more detailed analysis on this price target will be updated half way through the year but at $2 dollars this is very very conservative and just above the 423.60% Fibonacci level and 250% gain from the current price level, we are just playing it safe with this target and there is a very high probability to see EOY price target above $10 as this Bull Run is only just getting started, and in fact we are at the cusp of a 4 year super cycle. Next Price target from our current price level is at the 161.80% Fibonacci level @ $0.77 (35% Gain from $0.56). Use the Buy Zone to map out your Buys if you are not already riding this wave, our group has seen some serious Gains throughout February and March. Happy Trading :).
Bluzelle is one of key oracles of choice in our portfolio see below Key Fundamentals on Bluzelle:
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
To date, Bluzelle has formed partnerships with a number of Polkadot-based partners:
Reef Finance: the first Polkadot based cross-chain DeFi operating system that helps to increase liquidity by integrating DEX & CEX into one single platform. The integration of Bluzelle Oracles price feeds will enable Reef to capture real-time price information in order to power the next generation of DeFi applications.
Stafi: unlocking liquidity for staked assets through their staking smart contract and alternative tokens. They will rely on Bluzelle’s powerful database to complete the upgrade of Staking Contracts, supporting including price predictions of rToken/original Token, over-collateralized data in Lending Protocol, and related transaction-related data in future Crypto.
Tidal Finance: a Balancer-like insurance market that allows users to create customized insurance pool. They will utilize Bluzelle’s decentralized database to distribute their data across network.
MANTRADAO: a community-governed DeFi platform focusing on Staking, Lending, and Governance. They will integrate Bluzelle’s decentralized database into their products, including their KARMA rating protocol.
Equilibrium: the first decentralized cross-chain money market that combines pooled lending with synthetic asset generation and trading. They will integrate Bluzelle’s price feed from the Oracles to power its main DeFi services like lending, borrowing, and trading.
RioDefi: a blockchain that bridges traditional and decentralized finance. They will integrate with Bluzelle’s database for off-chain storage or their DeFi data.
Phala Network: a smart contract blockchain on which you can develop confidential-preserving and privacy-first blockchain apps. They have chosen Bluzelle’s decentralized database as one of their off-chain data storage solutions for their main product, Web3 Analytics (winner of Web3 Foundation Grant).
Bluzelle 10% from $0.63 price target @ 127.20% Fibonacci LevelBluzelle 10% from $0.63 price target @ 127.20% Fibonacci Level. March madness has been real, Bluzelle Buy signal was first mentioned in our crypto group in February, personally have been invested since early January seeing gains of 700%+. Since the 13 EMA crossed up from the 50 SMA on 01/03/21 we have seen Bluzelle Gain 400% from $0.12 to $0.62. This oracle is a gem and we can expect this to test the 2018 ATH of $0.80 and further set a new ATH at the 227.20% Fibonacci Level @ $1.04 which is a 80% Gain from the current price level @ $0.57. Our current price target for eoy is above $2+, a more detailed analysis on this price target will be updated half way through the year but at $2 dollars this is very very conservative and just above the 423.60% Fibonacci level and 250% gain from the current price level, we are just playing it safe with this target and there is a very high probability to see EOY price target above $10 as this Bull Run is only just getting started, and in fact we are at the cusp of a 4 year super cycle. Next Price target from our current price level is at the 161.80% Fibonacci level @ $0.77 (35% Gain from $0.56). Use the Buy Zone to map out your Buys if you are not already riding this wave, our group has seen some serious Gains throughout February and March. Happy Trading :).
Bluzelle is one of key oracles of choice in our portfolio see below Key Fundamentals on Bluzelle:
Bluzelle aims to be the go-to data layer for Web 3.0 by providing a decentralized data network that is tamper-proof and has greater privacy, scalability and availability than traditional solutions. Powered by Cosmos, Bluzelle handles 10,000 TPS and is a delegated proof of stake. Bluzelle’s DeFi solutions are being developed to enhance Defi with historical price feeds, provide data analytics, 360-degree views, and more. As DeFi grows, Bluzelle’s infrastructure services play a big role.
To date, Bluzelle has formed partnerships with a number of Polkadot-based partners:
Reef Finance: the first Polkadot based cross-chain DeFi operating system that helps to increase liquidity by integrating DEX & CEX into one single platform. The integration of Bluzelle Oracles price feeds will enable Reef to capture real-time price information in order to power the next generation of DeFi applications.
Stafi: unlocking liquidity for staked assets through their staking smart contract and alternative tokens. They will rely on Bluzelle’s powerful database to complete the upgrade of Staking Contracts, supporting including price predictions of rToken/original Token, over-collateralized data in Lending Protocol, and related transaction-related data in future Crypto.
Tidal Finance: a Balancer-like insurance market that allows users to create customized insurance pool. They will utilize Bluzelle’s decentralized database to distribute their data across network.
MANTRADAO: a community-governed DeFi platform focusing on Staking, Lending, and Governance. They will integrate Bluzelle’s decentralized database into their products, including their KARMA rating protocol.
Equilibrium: the first decentralized cross-chain money market that combines pooled lending with synthetic asset generation and trading. They will integrate Bluzelle’s price feed from the Oracles to power its main DeFi services like lending, borrowing, and trading.
RioDefi: a blockchain that bridges traditional and decentralized finance. They will integrate with Bluzelle’s database for off-chain storage or their DeFi data.
Phala Network: a smart contract blockchain on which you can develop confidential-preserving and privacy-first blockchain apps. They have chosen Bluzelle’s decentralized database as one of their off-chain data storage solutions for their main product, Web3 Analytics (winner of Web3 Foundation Grant).
BLZ Trade PlanI will trade ONLY if market forms my expected price action.
TRADE PLAN
---
1. Wait for 1-2-3 pattern to form
2. Go long at breaking out of (1)
3. Put stoploss a few points below (0)
4. Take half off at 1:1 (free trade)
5. Take other half at 1:5
6. Move stoploss to 1:4 after second profit target hits
7. Run the rest
WORST SCENARIO
---
Take full loss at stop level
Disclaimer: This is not financial or investment advice.
PS: Remember to follow me!
Stay healthy, trade safe
Bests,
Atilla Yurtseven
BLZ (Bluzelle) 150 Profit Potential..!!#BLZ/BTC (Update)
- Looks Interesting In Daily TimeFrame.
- Bottomed Out & Indicators Turning Bullish.
- 100-150% Profit Potential In Midterm.
- Buy Some & Hold It For Midterm..
What Is Bluzelle (BLZ) ??
Bluzelle uses blockchain, decentralized, and trustless computing technologies as the foundation for The New Data Economy. Data is the currency, and this economy thrives on the responsible curation, storage, and dissemination of data from and between individuals, companies, and governments.
The nucleus of this borderless data economy is the Bluzelle decentralized database - a powerful system that allows for scalability, reliability, consistent performance, and high security metrics. With this database and framework of tools, Bluzelle allows developers to build products around three areas: (1) Private Data Ownership, (2) Data Syndication and (3) the Decentralized Web Infrastructure.
#blz DONT MISS THIS SETUPPrices just broke out of falling wedge pattern (Reversal pattern). Red zones are profit taking zones. Once we break above a profit taking zone(resistance) use it as stop loss.
Leave a like if it helps. Follow to get notified for further analysis.
Read other analysis below. ( Over 90 % accuracy so far)
I Put My Bet on $BLZ If It Breakout... 30% ++ is Waiting!I love the name of the token, "Bluezelle". Sounds like fairy tale or something.
By the way, talk about fundamental behind this token.
1. Have 500,000,000 total supply, while 194,767,618 on circulating.
2. BLZ is an ERC-20 token
3. A decentralized data ecosystem that allows individuals and businesses to have full data control and the ability to monetize that data
4. Listed on big exchanges such as Binance, Huobi and Gate.io
5. Young project, as it's recoginized on coinmarketcap.com was on February this year
6. In my opinion the project topic is quite relevant at the current trend and i'm looking forward for the progress because i'm agreeing on "blockchain as the new internet" which are cheaper, faster, have more rewards and decentralized.
Looking at the chart, it's quite flat for several months now. I'm looking for great R:R trade which is BLZ get into my radar. I should've dig this early around 1900 - 2000 sats as the first breakout confirmation zone. It made 1/4 from capital or 25% from that level at the moment. Looking forward for second breakout moment on the range of 2425 sats to 2500 sats. If we break and hold, I will bet it on 3172 sats as the nearest resistance and it will made me around 30%+.
I'm worry if this one will make a higher high double top but i will consider for opening possibility the second entry.
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