🆓Bluzelle/USDT Analysis (8/4) #BLZ $BLZThe buying force is pouring into BLZ but the 0.6$ zone is a very strong resistance, which rejected BLZ twice in March. So we will not bet on this trade but will wait for it at 0.5$ zone to buy for the target at 0.8$ zone.
📈BUY
-Buy: 0.49-0.51$. SL B
-Buy: 0.585-0.615$ if A. SL B
📉SELL
-Sell: 0.585-0.615$. SL A
-Sell: 0.78-0.82$. SL A
♻️BACK-UP
-Sell: 0.49-0.51$ if B. SL A
-Buy: 0.34-0.36$. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
BLZ
🌧️ BLZ In An Ascending WedgeBLZ is stuck in an ascending wedge, which is good for the short term. Beware of the local wedge forming, as BLZ may have a retracement if it fails to break the local wedge's top. If not, then expect BLZ to continue following the ascending wedge. Do not hold BLZ for too long since an ascending wedge usually means high risk of a downside retracement.
$BLZ Bluzelle , The agile gazelle of the crypto space!See chart. I think it's time to talk about the new crypto/web3.0 ecosystems that will be built in the next years, in which ATOM-COSMOS will no doubt a protagonist. Among the COSMOS eco-system there are several jewels not fully appreciated by the market. One is BLUZELLE $BLZ. What is Bluzelle? A lot, but will be basically an extremely high performant oracle / bridge built on Cosmos and with capability to operate across any chain, that's why it was called Gazzelle xD.
I believe its market cap is still low for the potential future value, that's why I added in my long hold portfolio!
For now, let's trade the bull flag.
bluzelle.com
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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).
BLZ/BTC IHS AccumulationBLZ/BTC pair is setting up for an Inverse head and shoulders reversal pattern on the weekly/daily chart.
It has already played a Bump and run bottom earlier and almost reached the first measured move, but still a good entry for the IHS trade.
Targets are marked for the ~900day IHS accumulation.
BLZ is setting up for an Inverse head and shoulders reversal pattern on the weekly/daily chart.
It has already played a Bump and run bottom earlier and almost reached the first measured move, but still a good entry for the IHS trade.
Targets are marked for the ~900day IHS accumulation.
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
Bluzelle (BLZ) Target Hits Perfect (100%+), Where 2 Next?Our last target for BLZBTC hit perfectly... See it here:
Now, where are prices headed next?
The same resistance at EMA100 or 944 satoshis (0.00000944) is set to be challenged again for 34% of potential profits...
It can higher of course.
The altcoins market is set to grow for years...
Sure, we will have corrections and retraces, many of them but they will be short-lived and will end up in higher lows.
Get ready!
Be prepared!
Huge profits on the way!
Thanks a lot for your support.
Namaste.
Bluezelle (BLZ) To Grow 100%+ In March? Full Trade Inside!We've been looking at BLZBTC (Bluezelle) and things are getting better.
We have a full trade already published 4 days ago with over 135% of potential profits, see it below:
Bluezelle Trade Signal (BLZBTC | 135%+ Potential)
This is just a friendly reminder, prices are about to move higher.
Remember to trade safely.
Secure profits.
Diversify.
Enjoy.
Namaste.
BLZUSDT50% move on BLZ! nice
Still want to get into it? let's see
It had a different move than BTC and ETH which is a good sign, it has it's own market volume now and isn't playing by the rules, but there's a still a big resistance which is marked here on the chart. I would advise to wait for that resistance to be broken, and then have a safe enter.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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