bZx Prortocol / BTC - UPtrendbZx Prortocol token shows excellent growth and further uptrend prospects.
Bzx
BZRX/USDTbZx Protocol token had tried to break out of the 0.48 resistance area multiple times on the 4hr chart but failed, and finally, on the 4hr candle yesterday, it crashed hard. However, a very long-term consolidation area is below the current price from its breakout area, which was never retested before since the breakout. I expect lots of order blocks to be sitting there to help this pair bounce back and retry, breaking the 0.48 resistance again. We also have a huge area of SL clusters below it, which is wicked to the downside may push the price back up extremely quickly. Trading this pair should be done with a well-placed SL far away from that cluster area. I expect this pair to retest the local resistance area of 0.4350 and global 0.5200 and 0.6150 once BTC settles down.
BZRX/USDT LIMIT BUY SIGNALOn a higher timeframe, bZx Protocol is showing a strong bullish tend. Upon a small pullback price might present an interesting medium term buying opportunity
LET'S KICK THE TIRES AND LIGHT THE FIRESFirst ever pump incoming IMO.
BBs tight, moving averages bundled, stoch RSI on top. On Binance 24h volume is 60BTC for now.
Possible 5x-10x I expect.
TPs:
2400
3600
4800
6000
Goof luck...
bZx Protocol (BZRX) Project Overview + Cup PatternWhat Is BZx Protocol (BZRX)?
The bZx protocol is an Ethereum-based decentralized platform built for DeFi lending and margin and leverage trading that differentiates itself from competitors through a smart contract-powered token system.
Launched in 2018, offers two types of financial primitives, iTokens and pTokens, through its Fulcrum and Torque DeFi platform.
BZx’s trading front-end Fulcrum allows users to trade and or lend crypto assets through tokenized loans (iTokens) and tokenized positions (pTokens). Torque serves as bZx’s lending front-end web interface, allowing users to borrow funds for any purpose at a fixed interest rate.
The bZx system has 3 core ERC20 tokens: iTokens, pTokens and BZRX tokens, which each play an essential role in how bZx functions. In July 2020, bZX launched its native token BZXR in an Initial DEX Offering (IDO), on the Uniswap exchange.
Website: bzx.network
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BZRXBTC (bZx Protocol) had 5 consecutive green candles... Signaling the preparation for a strong bullish jump.
The RSI at 61, above 50 we call it strong/bullish, supports the above signal.
We also have the "Cup & Pattern".
The path is marked by the pattern.
We also have increasing volume.
This is another one that has huge potential in the weeks and months to come.
Remember, whatever action you take, we need a plan and patience to let it play.
Namaste.
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
CGC Triple Top ! Hello Traders,
Lets have a look at CGC - Canopy Growth Corporation
Points to consider
- A clear Triple Top
- Overall trend putting in higher highs
- Stoch in lower regions
- RSI coming into a tighter pattern
- Volume declining rapidly
- VPVR showing low volume of transactions after this support
- EMA's giving price resistance
CGC has had a strong bull rally, the first impulse retraced back to the .618 Fibonacci Zone before pushing another leg up. Price was in discovery mode after this push before retesting the .618 Fibonacci again, holding support but at the same time making the price put in a triple top. CGC is testing a very key trend line, if respected, will put in a higher high in the market structure. However if price does not respect the trend line and breaks below, then CGC is more probable to have a major correction. Price can really tank if this support is broken as the VPVR is showing very low volume of transactions between the support zones. With the volume declining, we can expect a move very soon...
What are your thoughts on CGC's price actions
Please leave a like and comment,
and some food for thought
“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso
CREE - company report is bad!Company report is bad, and as we see the fall of the asset.
The stock market is easier because it is logical to trade
and cryptocurrency 24/7
Tesla inc - trend change?From the point of view of technical analysis on the daily time frame,
there is a continuation triangle moving up indicated by an arrow.
Something strong in the range of $ 180-177
when you exit the descending channel and fixing above it, you can say that the trend has reversed.
But against the background of the trade war between the States and China, they can spoil the picture with the change of trend.
If you can go locally in Long, it suddenly strikes)
During the breakdown, the main resistance level is marked in yellow (level $ 250)
A couple of my indicators hint at a purchase!
amzn cancels new nyc headquarters plansseems that for almost a month sellers love that purple resistance
we then have 3 more res. if we break it as it once did around 31jan it will need more buyers to withstand the sellers pressure and even go beyond the dump treshold.
but also the white line acts as a dynamic support and doesn't let it fall below, so we see our buyers loving it and dearly defending the 1500$ mark.