BLUZELLE - BLZ/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BLZUSDT
ISIN:

BLUZELLE - BLZ/USDT - Daily - Technical analysis published on 09/14/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.140800 USDT

My targets

0.201493 USDT (+27.85%)

0.239700 USDT (+52.09%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BLUZELLE - BLZ/USDT as long as the price remains well above 0.140800 USDT. The buyers' bullish objective is set at 0.201493 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.239700 USDT. If there is any crossing, the next objective would be the resistance located at 0.307200 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 Godson1735. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BLUZELLE - BLZ/USDT rating is 0.157600 USDT. On the day, this instrument gained +9.98% and was between 0.143000 USDT and 0.162500 USDT. This implies that the price is at +10.21% from its lowest and at -3.02% from its highest.

0.143000

0.162500

0.157600

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Abnormal volumes on BLUZELLE - BLZ/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this BLUZELLE - BLZ/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.093990	0.120320	0.140800	0.157600	0.239700	0.307200	0.402900
Change (%)	-40.36%	-23.65%	-10.66%	-	+52.09%	+94.92%	+155.65%
Change	-0.063610	-0.037280	-0.016800	-	+0.082100	+0.149600	+0.245300
Level	Minor	Intermediate	Major	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.132233	0.137367	0.140333	0.145467	0.148433	0.153567	0.156533
Camarilla	0.141073	0.141815	0.142558	0.143300	0.144043	0.144785	0.145528
Woodie	0.131150	0.136825	0.139250	0.144925	0.147350	0.153025	0.155450
Fibonacci	0.137367	0.140461	0.142373	0.145467	0.148561	0.150473	0.153567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.032367	0.071233	0.096367	0.135233	0.160367	0.199233	0.224367
Camarilla	0.103900	0.109767	0.115633	0.121500	0.127367	0.133233	0.139100
Woodie	0.025500	0.067800	0.089500	0.131800	0.153500	0.195800	0.217500
Fibonacci	0.071233	0.095681	0.110785	0.135233	0.159681	0.174785	0.199233

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.040683	0.004113	0.058007	0.102803	0.156697	0.201493	0.255387
Camarilla	0.084760	0.093807	0.102853	0.111900	0.120947	0.129993	0.139040
Woodie	-0.036135	0.006388	0.062555	0.105078	0.161245	0.203768	0.259935
Fibonacci	0.004113	0.041813	0.065104	0.102803	0.140503	0.163794	0.201493

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.63
MACD (12,26,9):	0.0128
Directional Movement:	24.642083
AROON (14):	35.714286
DEMA (21):	0.146388
Parabolic SAR (0,02-0,02-0,2):	0.120094
Elder Ray (13):	0.017115
Super Trend (3,10):	0.094673
Zig ZAG (10):	0.158300
VORTEX (21):	1.0511
Stochastique (14,3,5):	60.28
TEMA (21):	0.147347
Williams %R (14):	-25.63
Chande Momentum Oscillator (20):	0.043400
Repulse (5,40,3):	6.7404
ROCnROLL:	1
TRIX (15,9):	1.6469
Courbe Coppock:	40.59

MA7:	0.138114
MA20:	0.127815
MA50:	0.097535
MA100:	0.076696
MAexp7:	0.141909
MAexp20:	0.129186
MAexp50:	0.106943
MAexp100:	0.090195
Price / MA7:	+14.11%
Price / MA20:	+23.30%
Price / MA50:	+61.58%
Price / MA100:	+105.49%
Price / MAexp7:	+11.06%
Price / MAexp20:	+21.99%
Price / MAexp50:	+47.37%
Price / MAexp100:	+74.73%

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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