Blur Breaks Descending Channel | 165% - 240% BU-Pot.The pattern/channel shown here depicts bearish action happening since February 2024, but this pair has been going down since November 2023. There is always a silver lining. A downtrend is always followed by its reverse, an uptrend.
When prices are dropping, we can track the pair because we know that eventually the downtrend will break and a new uptrend will form. This is because the cryptocurrency market is a new, growing and evolving market. What goes down, it is sure to move back up.
➖ On this chart, BLURBTC, we have a classic Adam & Eve bottom pattern. We have the cup pattern. We have the breakdown of the descending channel and downtrend, as well as a lower low (5-Aug.) that has less volume than a previous low (26-June). When we see a pair hitting new lows on a bearish trend yet volume decreasing, it means the trend is losing strength. When the trend losses strength, it means it is about to change.
There is potential for a bullish reversal to take place soon.
➢ BLURBTC is organizing a trip... To The Moon!
Easy targets and growth potential can be seen on the title of this trade-idea and the chart.
Thank you for reading.
Namaste.
BLURBTC trade ideas
Trade Signal for BLURBTC: Direction - SellDear Traders,
We have identified an opportunity with the BLURBTC trading pair using our advanced EASY Quantum Ai strategy. Here is the detailed signal for your consideration:
Direction: Sell
Enter Price: 3.7E-06
Take Profit: 3.6E-06
Stop Loss: 3.87E-06
The recommendation to sell is based on several key indicators:
1. Technical Analysis : Current market conditions show a downward trend, with resistance levels forming at higher price points, suggesting a greater likelihood of price decrease.
2. Volume Trends : A decrease in buying pressure indicated by reduced volume on recent price increases suggests waning bullish momentum.
3. Market Sentiment : Recent sentiment analysis data shows a shift towards bearish sentiment among market participants, indicating increased likelihood of further price drops.
4. Strategy Confirmation : EASY Quantum Ai's proprietary algorithms have consistently shown predictions of downward movement reaching the take profit level, while managing risk at the determined stop loss level.
Proceed with caution and monitor the market closely. Always remember that financial markets can be unpredictable, and it's essential to perform due diligence before engaging in any trading activity.
Happy Trading!
EASY Quantum Ai Team
✳️ Blur Goes Long-Term Bullish (Expect Massive Growth In 2024) For some pairs the bullish wave is already old news, as can be seen from Blur which has been growing since October 2023.
The chart is a bit messy but hopefully it conveys the message.
➖ On the left side BLURBTC was bearish.
➖ On the middle portion of the chart Blur produced a bottom pattern and then went bullish.
➖ On the right side BLURBTC is now bullish.
Strongly bullish at that so we can expect additional growth.
For how long? For most of 2024 and maybe even beyond.
I am not so sure about the beyond part but 2024 should be a great year for the Altcoins.
Namaste.
