alanmasters

bZx Protocol (BZRX) Project Overview + Cup Pattern

Long
BINANCE:BZRXBTC   bZx Protocol / Bitcoin
What 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.
Comment: +35%... This pair can grow more.

Enjoy the profits.
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Comments

Yeah I actually believe this project will bounce back to ATH as long as the project build real credibility and a use case with its partners in DEFI.

This one's definitely worth holding as j see the project to be more valuable than REN and other Defi Projects
Reply
Great chart! 🦐👌🏻
Reply
Wasn't BZX hacked 3 times this year? Or am I confusing coins
Reply
@steezus, You mean since Sept.?
+1 Reply
M00N_BEAMS steezus
@steezus, correct
+1 Reply
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