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Blzsetup

BLZ/USDT 1h Long opportunityBLZ 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.
Long
by BeaT16
2
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).
BINANCE:BLZUSDLong
by CryptocurrencyMagnet
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. ******************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
Long
by blockchaindedi