BLUZELLE - BLZ/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BLZUSDT
ISIN:

BLUZELLE - BLZ/USDT - Daily - Technical analysis published on 09/18/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.156697 USDT

My targets

0.201493 USDT (+21.02%)

0.239700 USDT (+43.96%)

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 0.156697 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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

Additional analysis

Quotes

The BLUZELLE - BLZ/USDT price is 0.166500 USDT. The price has increased by +5.78% since the last closing with the lowest point at 0.149200 USDT and the highest point at 0.167000 USDT. The deviation from the price is +11.60% for the low point and -0.30% for the high point.

0.149200

0.167000

0.166500

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BLUZELLE - BLZ/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.093990	0.120320	0.140800	0.166500	0.239700	0.307200	0.402900
Change (%)	-43.55%	-27.74%	-15.44%	-	+43.96%	+84.50%	+141.98%
Change	-0.072510	-0.046180	-0.025700	-	+0.073200	+0.140700	+0.236400
Level	Minor	Major	Intermediate	-	Minor	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	0.125733	0.136667	0.147033	0.157967	0.168333	0.179267	0.189633
Camarilla	0.151543	0.153495	0.155448	0.157400	0.159353	0.161305	0.163258
Woodie	0.125450	0.136525	0.146750	0.157825	0.168050	0.179125	0.189350
Fibonacci	0.136667	0.144803	0.149830	0.157967	0.166103	0.171130	0.179267

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.067300	0.091400	0.120300	0.144400	0.173300	0.197400	0.226300
Camarilla	0.134625	0.139483	0.144342	0.149200	0.154058	0.158917	0.163775
Woodie	0.069700	0.092600	0.122700	0.145600	0.175700	0.198600	0.228700
Fibonacci	0.091400	0.111646	0.124154	0.144400	0.164646	0.177154	0.197400

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 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):	65.87
MACD (12,26,9):	0.0144
Directional Movement:	19.047465
AROON (14):	-35.714286
DEMA (21):	0.158009
Parabolic SAR (0,02-0,02-0,2):	0.128230
Elder Ray (13):	0.011653
Super Trend (3,10):	0.100905
Zig ZAG (10):	0.165700
VORTEX (21):	1.1045
Stochastique (14,3,5):	72.98
TEMA (21):	0.160336
Williams %R (14):	-13.82
Chande Momentum Oscillator (20):	0.030500
Repulse (5,40,3):	9.1737
ROCnROLL:	1
TRIX (15,9):	1.6606
Courbe Coppock:	47.11

MA7:	0.154186
MA20:	0.136665
MA50:	0.105821
MA100:	0.080747
MAexp7:	0.153965
MAexp20:	0.138691
MAexp50:	0.114501
MAexp100:	0.095438
Price / MA7:	+7.99%
Price / MA20:	+21.83%
Price / MA50:	+57.34%
Price / MA100:	+106.20%
Price / MAexp7:	+8.14%
Price / MAexp20:	+20.05%
Price / MAexp50:	+45.41%
Price / MAexp100:	+74.46%

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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