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Bluzelle / TetherUS

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BLZUSDT trade ideas

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
BLZUSDT Breakout and Consolidation Point to Potential UpswingHave been tracking the movements of BLZUSDT keenly, and recent events have made the coin even more intriguing. It will be interesting for you to know BLZUSDT recently showcased significant bullish intent. The price successfully broke free from its prior descending structure, signaling a potential change in market structures. But instead of aggressive continuation, we've observed a consolidation phase. The price seems to be using the previously established downtrend line as a solid base of support. Our immediate focus should be on the potential pullback to the trendline in the form of ABC correction. The consolidation above this trendline presents an ideal setup for a bullish continuation. The key zone to keep an eye on? The 'BULL AREA OF INTEREST.' It’s noteworthy how the price has held its ground at the immediate resistance level. Underpinning this entire setup is the 'Major Demand Area.' It’s a robust support zone that BLZUSDT hasn't shown any signs of breaking. This gives our bullish outlook a strong base. Our charts and analysis provide a clear target, which we've marked out for your convenience. As always, aligning with targets helps in planning entries and exits effectively. However, as with all trades, risk management is paramount. And if this analysis offers you any value, do drop a like - it's our fuel to keep going! Thank you for your continued support and engagement. Stay sharp, trade safe!
by weslad
14
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 $Blz chart Long #NoanfamThe chart for Bluzelle (BLZ/USDT) perpetual contract on Binance shows a key support zone around the 0.27-0.28 range, indicated by multiple buy signals at this level. The current price hovers around this support. Key Points: 1. **Support Zone**: The area between 0.27 and 0.28 has been bought multiple times, indicating strong support. 2. **Resistance Levels**: The resistance levels to watch are around 0.482 and 0.674. 3. **Bullish Scenario**: Reclaiming this support could lead to a significant bullish move towards all-time highs (ATH), as suggested by the yellow projection line. 4. **Volume**: Volume spikes correlate with previous price movements, indicating strong interest at key price levels. 5. **RSI Indicator**: The RSI shows a potential bullish divergence, suggesting an upward momentum might be building. Conclusion: Maintaining the current support level could confirm a bullish reversal, with potential targets at higher resistance levels. Monitoring volume and RSI trends will be crucial for confirming this move.
Long
by CryptoNoan
1
BLZ/USDTA bearish butterfly is an advanced options trading strategy designed to profit from a moderate decline in the underlying asset's price. It involves: 1. **Selling one In-the-Money (ITM) call option.** 2. **Buying two At-the-Money (ATM) call options.** 3. **Selling one Out-of-the-Money (OTM) call option.** Key Points - **Net Debit:** Typically results in a net debit, meaning an upfront cost to enter the trade. - **Profit Potential:** Maximum profit occurs if the stock price closes at the strike price of the ITM call at expiration. - **Risk:** Maximum loss is capped and known in advance. - **Complexity:** More complex than basic options strategies, requiring careful planning. Advantages - Limited risk with defined maximum loss. - Designed to profit from a moderate decline in the underlying asset's price. - Clearly defined profit and loss outcomes. Disadvantages - Requires an initial debit, which can be significant. - Limited profit potential. - More complex and suitable for experienced traders. In summary, the bearish butterfly strategy is suitable for experienced traders expecting a moderate decline in the underlying asset, offering limited risk and predictable outcomes.
Long
by B9A-88652-NisarAhmad
2
BLZ/USDT will obey the ascending triangle!Hi every one BLUZELLE / TETHERUS the BLZ/USDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) note: we should wait for the breaking of the triangle and than make a move! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
12
Bluzelle Rallies on Bullish MomentumBluzelle (BLZUSDT) has been on a tear for the past two days, surging in price after finding support at the crucial $0.30 level. After successfully closing above this key area, BLZUSDT has rallied to its current price of $0.420, and now eyeing a potential climb to $0.453 or pullback from here. The recent bullish momentum suggests a shift in sentiment for Bluzelle, a blockchain project focused on decentralized data storage solutions. The coin had been trading in a slump prior to this breakout, but the bounce off the $0.30 support indicates a renewed interest from buyers.
by Z4F4R
SHORT #BLZSHORT #BLZUSDT from $0.347 15m TF. The instrument continues to be in a downward movement structure, the price does not update the highs, while each time it works with the nearest liquidity, from which we get an increase in seller activity, trading volumes are generally increased, an excellent cascade of lows has been formed from below, which continues to retain unrealized liquidity, the removal of which I will consider, I expect the potential movement to the buyer's area of interest at around $ 0.32
Short
by CScalp_EN
Long Trade Position BLZUSDTTest your analytical skills in the tradingview simulator with virtual money to become a professional. In spot trading, I will specify the entry points, loss limit and profit limit for you! The conditions for entering the trade and our strategy are as follows, when you notice that the market trend is increasing and at least two green candles close above the entry point in fifteen minutes, you can enter the trade from the beginning of the third green candle. Be patient and don't rush to enter! After the price reaches the first target, move your stop loss below the first profit limit so that if the price reverses, your trade will be closed with profit. Repeat the above strategy to continue the price targets shown on the chart. If the price reaches or falls below our loss limit before the above condition, entering this transaction is invalid because it must be re-analyzed and the new entry, loss and profit limits must be determined. Note that the market trend is formed with clever tricks by the market maker, so even the most powerful analyzes may be invalidated. The only thing we can do is to surf the waves and stick to our strategy so that while taking care of our capital, Let's make a profit. These exercises will make you experience profit and loss with virtual money in the real market and improve your analysis and personal strategy. Know your fear and greed and gradually control them so that your business becomes profitable and you suffer less loss.
Long
by imhashemi