Bzrx has been one of our favorites few days ago i published a bzrx idea on the btc chart .Clearly on the usdt chart we're doing a retest of the high we broke .
previous resistance becomes support also there is 10 day moving average around the exact same level which gives us more confidence in it .further sell pressure is much lower than the buy volume we noticed...
cryptocurrencies with low age are very risky to trade, the have high changes, significant PROFITS and Losses. don't be Scared on DUMPS, don't Be Exited on PUMPS
1- CONSIDER STOP LOSS
2 - this idea does not mention TIME, ONLY the price movement is analyzed
3- this is only a technical analysis not a prediction
4- its easy to be wise after the EVENT
5- happy trading
as we can see the token has passed from its Accumulation zone and now did an impulse wave and the rally started
we can see Hidden Divergence of Price and MACD Histogram, which is the sign of trend continuation.
there are total 3 TPs specified by Fibonacci projection tool,
if 2 TP gets Triggered then we may have some Correction and retracement and then continue...
Since the start of the bull-run, BZRX has been trading inside this channel. Over the last few days, BZRX has seen a sharp move downward towards the lower bound of the channel. This trade is based on the idea that BZRX will bounce off the support line and make another push upward.