What is 🌟BZRX🌟? BZRX is bZx's governance token that allows its holders to vote as well as to stake their tokens to earn a share of the protocol fees. actually the bZx Protocol is a Ethereum-based DeFi lending protocol which users can borrow, lend, and margin trade without relying on third parties. In the past, margin traders had to use centralized exchanges...
Out of the wedge upside and breakout of the resistance nodes MA50 support is also taken, which helps to climb further
ANALYSIS 🔎 - BZRXUSDT brokeout above the cup and handle resistance and hit a swing high. - The market then retraced for a retest. - Price is retesting the cup and handle resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). -...
BZRX has formed a double-bottom and is retesting the neckline. There was huge volume when price hit this line. It is forming a potential CUP&HANDLE pattern. AND IT IS A DEFI.
The currency made us two peaks and was unable to breach the last peak with the fall. The currency was in parallel after the market went down in general. I expect to enter a sell here and wait to see where the prices will blow us. Manage your risk and don't forget to : --> FOLLOW ME FOR MORE ANALYSIS <--
Enjoy!!! Bzrx will go over 1$ soon ..
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As we saw on our previous analysis, BZRX / USDT were heading to our first target ! (Previous analysis below) Today BZRX is doing a textbook formation. Broke out our first target and is now flipping this resistance into support by testing it! If we have a successful daily closure above our first target, flip into support, we will head till target 2 (...
- Ascending triangle - Breakout - Push back - Bullish trend
bZrx Protocol just broke bullish, let's join the up-trend. Current Price= 0.4151 Buy Entry= 0.4157 - 0.4047 Take Profit= 0.4543 | 0.5116 | 0.5836 Stop Loss= 0.3661 Risk/Reward= 1:1 | 1:2.3 | 1:3.93 Expected Profit= +10.75% | +24.72% | +42.27% Possible Loss= -10.75% Fib. Retracement= 1.272 | 1.618 | 2 Margin Leverage= 1x Estimated Gain-time= 180h
it broke daily important support , you can buy with consolidation above this support in daily
ANALYSIS 🔎 - BZRXUSDT is consolidating in a symmetrical triangle pattern . - A relatively big move is imminent. - There's a breakout potential. POSSIBLE PRICE ACTIONS - Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance. - Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support. TARGETS 🎯 - Uptrend ⬆️: Horizontal...