#Blz $Blz chart Long #Noanfam
The chart for Bluzelle (BLZ/USDT) perpetual contract on Binance shows a key support zone around the 0.27-0.28 range, indicated by multiple buy signals at this level. The current price hovers around this support.
Key Points:
1. **Support Zone**: The area between 0.27 and 0.28 has been bought multiple times, indicating strong support.
2. **Resistance Levels**: The resistance levels to watch are around 0.482 and 0.674.
3. **Bullish Scenario**: Reclaiming this support could lead to a significant bullish move towards all-time highs (ATH), as suggested by the yellow projection line.
4. **Volume**: Volume spikes correlate with previous price movements, indicating strong interest at key price levels.
5. **RSI Indicator**: The RSI shows a potential bullish divergence, suggesting an upward momentum might be building.
Conclusion:
Maintaining the current support level could confirm a bullish reversal, with potential targets at higher resistance levels. Monitoring volume and RSI trends will be crucial for confirming this move.
Key Points:
1. **Support Zone**: The area between 0.27 and 0.28 has been bought multiple times, indicating strong support.
2. **Resistance Levels**: The resistance levels to watch are around 0.482 and 0.674.
3. **Bullish Scenario**: Reclaiming this support could lead to a significant bullish move towards all-time highs (ATH), as suggested by the yellow projection line.
4. **Volume**: Volume spikes correlate with previous price movements, indicating strong interest at key price levels.
5. **RSI Indicator**: The RSI shows a potential bullish divergence, suggesting an upward momentum might be building.
Conclusion:
Maintaining the current support level could confirm a bullish reversal, with potential targets at higher resistance levels. Monitoring volume and RSI trends will be crucial for confirming this move.