BLUZELLE - BLZ/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BLZUSD
ISIN:

BLUZELLE - BLZ/USD - Daily - Technical analysis published on 05/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.307819 USD

My targets

0.259002 USD (-9.93%)

0.232651 USD (-19.09%)

My analysis

The bearish trend is currently very strong for BLUZELLE - BLZ/USD. As long as the price remains below the resistance at 0.307819 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.259002 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.232651 USD as an objective. Crossing it would then enable sellers to target 0.214767 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MikeJones. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BLUZELLE - BLZ/USD rating is 0.287559 USD. The price registered a decrease of -12.06% on the session and was between 0.278277 USD and 0.327019 USD. This implies that the price is at +3.34% from its lowest and at -12.07% from its highest.

0.278277

0.327019

0.287559

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BLUZELLE - BLZ/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.214767	0.232651	0.259002	0.287559	0.290673	0.307819	0.361002
Change (%)	-25.31%	-19.09%	-9.93%	-	+1.08%	+7.05%	+25.54%
Change	-0.072792	-0.054908	-0.028557	-	+0.003114	+0.020260	+0.073443
Level	Minor	Minor	Minor	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.253826	0.285489	0.306248	0.337911	0.358670	0.390333	0.411092
Camarilla	0.312591	0.317396	0.322202	0.327007	0.331812	0.336618	0.341423
Woodie	0.248374	0.282763	0.300796	0.335185	0.353218	0.387607	0.405640
Fibonacci	0.285489	0.305514	0.317886	0.337911	0.357936	0.370308	0.390333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.224351	0.270752	0.298879	0.345280	0.373407	0.419808	0.447935
Camarilla	0.306512	0.313344	0.320175	0.327007	0.333839	0.340671	0.347502
Woodie	0.215215	0.266184	0.289743	0.340712	0.364271	0.415240	0.438799
Fibonacci	0.270752	0.299221	0.316810	0.345280	0.373749	0.391338	0.419808

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041247	0.160990	0.242138	0.361881	0.443029	0.562772	0.643920
Camarilla	0.268040	0.286455	0.304870	0.323285	0.341700	0.360115	0.378530
Woodie	0.021949	0.151341	0.222840	0.352232	0.423731	0.553123	0.624622
Fibonacci	0.160990	0.237731	0.285141	0.361881	0.438622	0.486032	0.562772

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	27.90
MACD (12,26,9):	-0.0109
Directional Movement:	-22.227478
AROON (14):	-21.428571
DEMA (21):	0.343260
Parabolic SAR (0,02-0,02-0,2):	0.419400
Elder Ray (13):	-0.046826
Super Trend (3,10):	0.390205
Zig ZAG (10):	0.281460
VORTEX (21):	0.8961
Stochastique (14,3,5):	15.77
TEMA (21):	0.336683
Williams %R (14):	-97.76
Chande Momentum Oscillator (20):	-0.082636
Repulse (5,40,3):	-32.2503
ROCnROLL:	2
TRIX (15,9):	-0.1879
Courbe Coppock:	8.30

MA7:	0.349406
MA20:	0.358094
MA50:	0.376881
MA100:	0.368572
MAexp7:	0.337618
MAexp20:	0.355572
MAexp50:	0.365201
MAexp100:	0.357825
Price / MA7:	-17.70%
Price / MA20:	-19.70%
Price / MA50:	-23.70%
Price / MA100:	-21.98%
Price / MAexp7:	-14.83%
Price / MAexp20:	-19.13%
Price / MAexp50:	-21.26%
Price / MAexp100:	-19.64%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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