Confluences for an optimistic scenario in BZRXBUSD DAILYTechnical analysis regarding the price of BZX PROTOCOL in relation of dollar Binance for the next scenarios, based on daily movement.
Price formed a symmetrical triangle to which it was broken, we took the projection of the vertex and projected from the break, following the trend and we obtained the level as far as the price can reach, which coincides with the projection of channels mathematically applicable by Fibonacci.
Price being driven by the EMA for 34 periods.
Price is in a region of resistance that, when broken, will cause the price to rise to the projected targets. Soon we can see this cryptoactive effecting its new ATH (financial volume gaining strength driving the price) - Logarithmic scale.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Bzrxusd
BZRX is ready to BOOMI opened a long here and will keep a stop loss -5% below the support line. This can go 100%-200% up from here
✳️bZx Protocol/USDT (20/11) View + Trading Plan #BZRX $BZRXBZRX is in a strong uptrend and will still increase strongly in the near future.
The 0.22-0.23$ support zone has been strengthened and it becomes the most important zone in this uptrend.
The strong resistance zones that we need to look out for are the 0.3$ - 0.4$ - 0.5$ and 0.6$ zones
📈BUY- LONG
-Buy close to 0.22-0.23$
-Buy more: 0.2-0.21$, stoploss if B
📉SELL-SHORT
-Sell 0.3-0.31$, stoploss if A
-Sell 0.4-0.42$, stoploss if A
- Sell 0.5-0.52$, stoploss if A
-Sell 0.6-0.62$, stoploss if A
♻️BACK-UP
-Sell close to 0.2-0.21$ if B, stoploss if A
-Buy: 0.15-0.16$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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 Protocol is Showing its Strength. BZRXUSDOn the Binance chart, looking somewhat similar to what Synthetix has been showing us. Again, confirmed back a month ago in blue dashed line, with multiple started fractal pattern. We are going up, I am fairly confident. Some preliminary targets are painted in in green, and invalidation in red as always. Good luck, traders - and remember nothing I ever say is financial advice. Do your own work and make up your own mind.
BZRX BZX Protocol 4H Chart - BZRXBTC BZRXUSDT BZRXUSD BZRXETHBZRX BZX Protocol 4H Chart - BZRXBTC BZRXUSDT BZRXUSD BZRXETH
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.
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/USDTBZRXUSDT forming falling wedge - reversal pattern
Waiting for break out resistance line of wedge
Best regards EXCAVO
BZRX/USDT (Retest Support, Awaiting Trendline Breakout?)POLONIEX: BZRXUSDT
-BZRX Protocol Token retested the previous support at 0.4046
-This area is a strong confluence or previous resistance turned support
-The only issue now is to break the trendline resistance
-If we can see a clear breakout with good volume
-This will signal a strong potential trend change in the midterm
-The upside potential is up to 1.49 dollars
-The ideal stop loss is below green line
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What will happen with BZRXit seem that it is clear to grow but will it consololidate or people will fomo in and pump it?
#BZRX/BTC CHART TECHNICAL ANALYSIS BY TECH HELP IN HINDI #BZRX/USDT UNDER: 2376 TO 2180
TARGETS: 2829-3100-3418-4007
S/L:1948 (CMP: 2540)
FUND USE: 10% (HOLDING TIME: 7 TO 50 DAYS)
DATE: 21.7.2020 @20.39PM-IST
