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Bzrx

BZRXUSDT / Trend ContinuationTrend Continuation trade. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BLong
by CryptoTrend-Alerts
6
BZRXUSDT - SHORTThe price was expected to drop after breaching sideways channels, after it was in previous days in a strong upward movement, and whoever moved in sideways channels indicates the stopping of the buying force and the beginning of the exchange of roles between buyers and sellers. It was entered early in the currency, selling and it met the target, and now I share this deal with you after breaching the uptrend. The target was calculated with the shortest channel width in order to increase the probability of a correct exit from the trade. The goal is to display the channels as shown on the chart. If you have any questions, I will answer them in the comment below. ***Manage your risk and don't forget to*** --> FOLLOW ME FOR MORE ANALYSIS <--
BShort
by Mahdicryptodotma-pro
🔥 BZRX Channel TradeBZRX has been trading inside this big channel for quite a while now. Zoom out for a better overview. My expectation is that BZRX will continue to grow for a short while until it reached the 0.54 area, after which I expect a small pull-back towards the 0.5 support. This support is also out entry at that point. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence. Happy trading!
BLong
by FieryTrading
42
DeFi Deep Dive – What is the bZx ?( BZRX/USDT analysis)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 (CEXs). And while decentralized exchanges (DEXs) can have vulnerabilities, CEXs have many weak points that can be exploited ❇️The History of bZx: Tom Bean and Kyle Kistner are the co-founders of bZx. They came up with the idea in 2017 and released the white paper in February 2018. By December of the same year, they had raised close to $8 million in an ICO. In June 2019, they launched Fulcrum, the trading front end. And in October 2019, they launched Torque, the lending front end. ❇️Why Use bZx? Like other DeFi platforms built on Ethereum, bZx’s smart contracts automate the financial process. Now, bZx is similar to dYdX. However, the team’s goal is to make sure that “everything is tokenized.” The biggest difference between bZx and others in their field is the three tokens it uses: iTokens, pTokens, and the BZRX token. Each of these tokens plays a vital role in how bZx operates. bZx also distinguishes itself in how it incentivizes yield farming by awarding active users with half of the fees payable through their BZRX token. ❇️The bZx Hacks: Now for the bad news. bZx has received a lot of attention this past year but not always for the best reasons. Hacks have plagued the fledgling protocol not once, not twice, but three times to the tune of an estimated $1 million in damages. It’s usually nice to be the first, but not in this case. bZx holds the honor of being the first DeFi platform of substance to get hit with a large attack. It also holds the distinguished honor of being the second DeFi platform to be attacked. Two back-to-back hacks brought the project to its knees and forced the team to retreat to the sidelines to reconfigure the protocol whilst everyone else was profiting handsomely during this year’s peak of the DeFi boom. ❇️The Future for bZX: Thankfully none of the customers lost their funds during the attack. And while three hacks might have crippled the spirits of an ordinary founder, Kistner remains optimistic about bZx’s future. Three hacks is a lot to take and this crazy year of 2020 isn’t over yet, so fingers crossed. Kyle Kistner, bZx co-founder However, with the rapid growth of DeFi, we can assume that some of the startups launched with buggy code in their zeal to ship. Hopefully, bZx’s problems are behind them, and fortunately for them, their trading volume is still growing. After all, their zeal for decentralization is commendable. And with all the complex systems that developers can build on top of each other in DeFi, bZx has a lot to offer. By combining such things as TokenSets with bZx’s iTokens, creators can build completely new products. Other dApps like DeFiZap have created products that use bZx’s pTokens to leverage new trading strategies. And we must all remember that DeFi is still in its infancy so there are much bigger things on the horizon. 👉and finally,is BZRX a good investment? If you are looking for virtual currencies with good return in shortterm, BZRX can be a bad, high-risk 1-year investment option. bZx Protocol price equal to 0.469 USD at 2021-03-03, but your current investment may be devalued in the future sources: academy.ivanontech and google search -------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart , The current price roam about 0.46$, Although from the declining and weak volume we see, we realize that in fact the DEFI season has not started yet, but we are already technically examining it because we know that if it starts, it will be very stormy. From the point of view of Elliott Waves, we can see an uptrend for the next month or two or sooner, and imagine price targets of $ 0.8, then $ 1.5, and finally $ 5. Anyway, my constant suggestion to anyone is to buy step by step , With proper capital and risk management and keep the stop-loss because everything in the market is based on probabilities and there is no certainty. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
BLong
by PRO_SMART_Trader
BZRXUSDT (BZX PROTOCOL) - UPTREND CONTINUATION 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). - The retracement is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry (risky) : market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
BLong
by Chibuike_Odoh
BZRX Reached our first target target! What's next? 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 ( written on the chart)! Enjoy the ride ... The content covered in this publication is NOT to be considered as investment advice. Thank you all, If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section. Have a Good day and Safe trade Butterfly .D /Metamorphose your portfolio/
BLong
by Taidotrading