BLUR/USDT falling wedge near to breakout? 👀🚀BLUR analysis
đź’Ž Paradisers, take note as #BLURUSDT is showing signs of a breakout from a falling wedge, signaling a strong possibility of a bullish trend. Currently, the 21-day moving average is acting as resistance.
đź’Ž Upon close examination, we've noticed that the Bollinger Bands are tightening, which typically increases the likelihood of an upward move. If BLUR successfully breaks out from the falling wedge and maintains its momentum, there is a high probability it will embark on a bullish path to overcome our specified resistance level.
đź’Ž However, considering the inherent volatility of the market, if #BLUR fails to sustain its momentum and falls, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong demand level at $0.3214, though a break below this level could lead to considerable downward movement.
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đź’Ž Upon close examination, we've noticed that the Bollinger Bands are tightening, which typically increases the likelihood of an upward move. If BLUR successfully breaks out from the falling wedge and maintains its momentum, there is a high probability it will embark on a bullish path to overcome our specified resistance level.
đź’Ž However, considering the inherent volatility of the market, if #BLUR fails to sustain its momentum and falls, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong demand level at $0.3214, though a break below this level could lead to considerable downward movement.
MyCryptoParadise
iFeel the success🌴
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Follow a team of traders with 10+ years of experience?
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