Here we are looking at BLZBTC (Bluzelle) chart and the different signals we can recognize.
These bullish signals that we are going to be looking at now are very clear and becoming strong. Strong signals mean that the chances of the analysis playing out as described have a good probability of becoming true.
Bluzelle Chart Signals by Alan Masters
Let's start by looking at the "broken trendline". BLZBTC had a strong retrace and after a higher low, prices started to bounce and the downtrend line holding it is now gone.
Higher low compared to Jan.
High volume.
Bullish RSI (above 44/50).
MACD is bullish and displaying bullish divergence with BLZBTC.
Prices conquered EMA10 and soon after EMA50, EMA100, and MA200 are now being challenged. We consider a level "conquered" when prices close below/above said level.
These are some of the basics signals we look at... My classic signals and these tend to produce amazing results.
On top of these signals, I also look at the market cycle, the altcoin pair history, date and time, my own experience and so much more... Before I share anything for you to consider reading, learning, buying or simply making easy money by buying and hold.
I got in next second it dropped. No problem long term.. I see a huge cup and hendle on usd pair 1 day chart, this pattern formation, like the majority of alts have now..fingers crossed with corona