Coin perfectly touched Weekly FVG at 0.14119$ + there was global resistance line that you can see on the chart.
Currently coin looks bearish. and I expect that it will continue descending move towards to 0.079 - 0.066$, where we have D and W FVG + 100 and 200 emas on D TF. Which should stand as good support. (look at lines under the number 1)
Continuation of bear move to 0.05$ will be only in that case if you see that the coin closes with 4H TF below D 100 ema or D 200 ema. (look at the line no.2)
If the coin bounces from FVGs that I mentioned about on the chart, in this case BLZ can continue its uptrend towards to resistance line (blue line), where either it breaks through the resistance and continues its move to another weekly FVG above 0.17$ or returns back to 0.1$ (look at the line no.3)
Currently coin looks bearish. and I expect that it will continue descending move towards to 0.079 - 0.066$, where we have D and W FVG + 100 and 200 emas on D TF. Which should stand as good support. (look at lines under the number 1)
Continuation of bear move to 0.05$ will be only in that case if you see that the coin closes with 4H TF below D 100 ema or D 200 ema. (look at the line no.2)
If the coin bounces from FVGs that I mentioned about on the chart, in this case BLZ can continue its uptrend towards to resistance line (blue line), where either it breaks through the resistance and continues its move to another weekly FVG above 0.17$ or returns back to 0.1$ (look at the line no.3)