Bzrx
BZRXUSDT - Potential rejection 🔽BZRXUSDT bounced off the descending triangle support as expected from my previous analysis.
Price is testing the descending triangle inclined resistance.
Potential rejection of the inclined resistance.
Sell entry ⬇️ - breakdown below the minor ascending channel resistance.
Target 🎯 - descending triangle support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
BZRXUSDT: Possible Long (13.12.2020)On D1, the price found support at the 50% Fibonacci level. The RSI is in an uncertain state and is likely to return to the overbought level.
On H4, the price found support at the 76.4% Fibonacci level. RSI has reached the oversold level.
We recommend buying BZRX to hold the position above $ 0.33.
BZRXUSDT - Descending triangle BZRXUSDT is printing a descending triangle pattern on the 4H timeframe.
We could see a bounce off the pattern support ⬆️ or breakdown below the pattern support ⬇️.
BZRX - Potential For a Bounce off EMA levels? 50%+ Gains?BZRX has seen a good bounce in recent weeks along with the rest of the defi sector. VERY bullish behaviour across the market.
This is to be expected, mainstream investors are getting into crypto and DeFi is kind of like if you took mainstream investing, pumped it full of steroids and gave it a pound of crack.
Anyway...
RSI is currently looking on the oversold side.
Volume is declining on the buy side.
MACD posted a bullish cross but nothing to wright home about.
Expect a retrace, probably to EMA levels on the chart. Good chance to open a long position here but see what happens when it get there. If it blows past the levels and closes there we might be in for a bit of a bear spell on the BZRX. If it holds steady it is going to reinforce the bull trend and it's an easy 50+ plus to the next target area.
This isn't financial advice. But if it was it's free, so take that into consideration if you're going to complain.
Bzrxusdt setupBuy small bag after a close above the yellow horizontal line
Then buy the rest of the bag after the breakout of the trendline
Take profits on the green lines
Even Fun To Watch!!! (BZRX / BTC)Who owns Bzx Protocol made huge profit in last two weeks!
It's still rising and it looks like it will keep rising.
Resistances:
1. 1800 sats
2. 2500 sats
3. 6250 sats
Support: 1000 sats
*Long traders shouldn't put a Stop-Loss lower than 1250 sats. on this point.
Happy Trading! ☺️✌️😊
What do you think? Any comment? 👇👇👇
BZRX BZX Protocol 4H Chart - BZRXBTC BZRXUSDT BZRXUSD BZRXETHBZRX BZX Protocol 4H Chart - BZRXBTC BZRXUSDT BZRXUSD BZRXETH
Oversold bounce?13 count on TD Sequential indicates trend exhaustion combined with the break of a parabolic advance. Typically an 80% retrace can be expected - targets would be $0.205 range. Key levels are upper trendline of downwards channel in red and the volume node at $0.17.
BZRXUSDTBZRXUSDT is on verge of a breakout. The market is printing a descending triangle pattern. Possible breakout price actions indicated. Breakout of RSI pennant pattern could be a confirmation signal.
✳️bZx Protocol/USDT (15-10) #BZRX $BZRX #BZRXUSDT0.1125-0.1175$ is the most important zone of BZRX at this moment, it will decide where is the next trend of BZRX, so we will prepare for 2 scenarios :
- Pump up from this zone, its targets should be : 0.15$ and 0.17$. 0.15$ is the re-short zone, so you need to be attention
- Dump below this zone, we will say BYE with it and wait for a clearer scenario. At this moment, I can't tell where it will dump if this scenario happens
BZRX created triangle flag Hello guys 🧤
according to the triangle flag and return the price to 61.8 last wave , I believe that after exit the price from triangle,we can see jump 🚀
If u agree like and comment 🤍❤️
BZRX/USDTBZRX/USDT forming a falling wedge break out the resistance line and go to the next Fibonacci levels
RSI - growing
Best regards EXCAVO
BZRX - DeFi - THE ONLY COIN I ENTERED IN THE LAST DAYSHello, as promised, here a brief analysis on the only coin of which I decided to build a long positions in the last days. Indeed, the mood is not very optimistic and Btc could face some more downward pressure, hence on all other, I am monitoring. The other one I am interesting to is YFI, but it is still very expensive.
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments
