BLZUSDT 4H - POTENTIAL BREAKOUT INCOMING
تم تحديثه
Technical:
We are trading in a descending parallel channel that is showing strength with bottom bouncing of EMA 200 and around critical fibb support level.
The channel is a clear correction representing primary 4th Elliot wave.
Breakout from here show the continuation of a long 5th wave, that has good ceiling potentials based on resistance curves.
MA about to cross EMAs.
The chart mimics BTC movements so will most likely wait for a confirmation on that front.
Fundamental:
Backbone of Cosmos/Polkadot universe as their decentralized DB.
Chainlink competitor as offering oracles solution that in theory should be interesting.
Some announcement incoming based on roadmap.
Not a a financial advise, this is just the picture as I see it.
We are trading in a descending parallel channel that is showing strength with bottom bouncing of EMA 200 and around critical fibb support level.
The channel is a clear correction representing primary 4th Elliot wave.
Breakout from here show the continuation of a long 5th wave, that has good ceiling potentials based on resistance curves.
MA about to cross EMAs.
The chart mimics BTC movements so will most likely wait for a confirmation on that front.
Fundamental:
Backbone of Cosmos/Polkadot universe as their decentralized DB.
Chainlink competitor as offering oracles solution that in theory should be interesting.
Some announcement incoming based on roadmap.
Not a a financial advise, this is just the picture as I see it.
ملاحظة
My original btc idea was hidden due to no comment and too much overload, but to summarize it I expect another down leg potentially that may interfere with BLZ setup, however I don't see us hitting channel bottom due to 200 EMA standing in the way along the curved support, so potential pullback would be accumulation/sell of.ملاحظة
The elliot count was not right, update:
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.