BLZ 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.
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.
Comment:
As you can see it BLZ broke out from the falling wedge, if someone entered on right on the breakout then be careful because there may be a retest this will be also a good opportunity to enter long if there will be a retest. Watch the volume on retest.
Comment:
As you can see BLZ followed this path perfectly.
It did even surpass my target.
It did even surpass my target.