BLZUSDT

17 ก.ย. 2023

This is a 1W frame analysis for BLZUSDT We are analyzing this cryptocurrency in a weekly time frame to get a better understanding of the market, which has been able to perform well in the negative days of the market. As you can see, we can see an ascending triangle pattern which after breaking the weekly key support was able to gain support and after breaking the white line resistance was able to make a good rise up to the R1 region. However, we can see the last few candles which are closed with a doji or a shadow which can be an indication of fear in the market and selling. If the weekly candle closes above our support region and is able to cover more of our body candle, we can expect a bullish movement towards the resistance levels.