🔥 BLZ Channel & Triangle

Over the last couple of weeks, BLZ has seen some strong gains, increasing more than 300% in value.

Currently, two things are happening at once. For one, BLZ is very near the channel support, potentially bouncing from it soon. Furthermore, the channel support is making a triangle pattern when the ATH is connected with the 08/04 local high.

This trade assumes that BLZ will bounce off the support and see a break out through the triangle resistance.

Happy trading!