๐ BLZ has undeniably garnered significant attention in the market. Presently, BLZ is exhibiting a bullish flag formation pattern. Breaking out of this pattern is essential to sustain the upward movement. If BLZ successfully breaks out of the bullish flag in the near future, there's a probability for significant upward movement, reaching our target supply area.
๐ However, if BLZ fails to break the pattern in the near future, there is a possibility of a downward movement with a retest at the demand area, which was previously a supply zone, to generate new momentum.
๐ In the event of BLZ retracing to the demand area for a retest but failing to maintain its position, resulting in a breakdown, BLZ may shift to a bearish movement, extending its descent and potentially retracing to the next lower demand area.
Like I said, as it barely climbed above 0,35 it got massively bombarded. I really hope Im wrong and the price actually gets above 0,36 level attacking 0,39 Target. But Im not believing yet.
realisticDiamo26370
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I think different, it looks like a strong support but also it looks like 1 whale tries to sell his bag and no one is interested, same amount goes up then comes down trying to make it look that some interest is on this token but all in all, just wants to dump bag. But the reason why not dumping probably got in late and now hi dont want to loose so much. Look at BTC dumping like crazy yet only BLz not correcting๐ค. When the pump is on, BLZ sleepingโฆ so what does that tell you?