LONG BZRX - BZX network leverage, borrowing, and lending
Updated
LONG BZRX -BZX Network
1. ACCUMULATION on VOL PROFILE
2. bullish MACD divergence on 4 hr
3. oversold
bZx is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain applications. Fulcrum, originally launched in June 2019, is a DeFi platform for lending and margin trading built using bZx. Fulcrum enables users to collect interest by lending assets, and to enter into tokenized long or short positions at up to 5x leverage. Fulcrum 2.0 was launched in 2020 and is twice as gas efficient as its predecessor. Also built with bZx, Torque is a DeFi platform for borrowing assets instantly, with indefinite-term loans and fixed interest rates.
The most important thing that sets the bZx Protocol apart from other decentralized lending protocols is its commitment to developing the most decentralized solution possible. The bZx Protocol is currently the only lending protocol to make use of decentralized price feeds for calculating interest rates and our unique architecture makes it so the gas fee associated with using bZx does not increase along with the number of assets supported by the platform.
BZRX is the governance token of the bZx protocol. BZRX token holders can vote to upgrade the bZx protocol as well as stake their token to begin earning a share of bZx protocol fees.
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1. ACCUMULATION on VOL PROFILE
2. bullish MACD divergence on 4 hr
3. oversold
bZx is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain applications. Fulcrum, originally launched in June 2019, is a DeFi platform for lending and margin trading built using bZx. Fulcrum enables users to collect interest by lending assets, and to enter into tokenized long or short positions at up to 5x leverage. Fulcrum 2.0 was launched in 2020 and is twice as gas efficient as its predecessor. Also built with bZx, Torque is a DeFi platform for borrowing assets instantly, with indefinite-term loans and fixed interest rates.
The most important thing that sets the bZx Protocol apart from other decentralized lending protocols is its commitment to developing the most decentralized solution possible. The bZx Protocol is currently the only lending protocol to make use of decentralized price feeds for calculating interest rates and our unique architecture makes it so the gas fee associated with using bZx does not increase along with the number of assets supported by the platform.
BZRX is the governance token of the bZx protocol. BZRX token holders can vote to upgrade the bZx protocol as well as stake their token to begin earning a share of bZx protocol fees.
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Trade closed: target reached
target reached based on my original technical analysis.
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