Bluzelle (BLZ) - A Soaring Journey and a Bright Future Ahead
March 9, 2020 marked a pivotal moment for Bluzelle (BLZ) as it hit a low at $0.006. What followed was nothing short of spectacular - a 378-day, 5-wave Elliott impulse cycle that catapulted BLZ by an astonishing 11029%, peaking at $0.6737 on March 22, 2021.
This meteoric rise was then mirrored by a WXY complex corrective phase lasting 805 days, culminating in a -93.64% retracement. However, the story doesn't end here. The recent uptrend from this crucial low point suggests that BLZ still has a significant runway for growth.
If the impulse and corrective waves we've observed represent grand cycle waves 1 and 2, we could potentially see BLZ soaring beyond $80 by 2025. Even if these waves are part of a larger A and B, a conservative estimate would place BLZ around $4 by February 2024.
BLZ's journey is a testament to the power of Elliott Wave analysis in deciphering market narratives. For traders and investors alike, BLZ presents an intriguing opportunity – a chance to be part of a narrative that's yet to fully unfold.
This meteoric rise was then mirrored by a WXY complex corrective phase lasting 805 days, culminating in a -93.64% retracement. However, the story doesn't end here. The recent uptrend from this crucial low point suggests that BLZ still has a significant runway for growth.
If the impulse and corrective waves we've observed represent grand cycle waves 1 and 2, we could potentially see BLZ soaring beyond $80 by 2025. Even if these waves are part of a larger A and B, a conservative estimate would place BLZ around $4 by February 2024.
BLZ's journey is a testament to the power of Elliott Wave analysis in deciphering market narratives. For traders and investors alike, BLZ presents an intriguing opportunity – a chance to be part of a narrative that's yet to fully unfold.
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