Trading Signal For BZRXUSDTTrading Signal:
A Trading Signal is seen in the BZRXUSDT bzx Protocol
Traders can open their Buy Trades NOW
TP 0.6850 (200% Profit)
SL 0.065 (71% Loss)
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BZRXUSDT
#BZRXUSDT Trading plan!Hi friends!
After a strong fall, the coin has well accumulated energy and is ready to go up!
I plan to buy above the resistance level.
Target: 0.2542$
BZRX is ready to BOOMI opened a long here and will keep a stop loss -5% below the support line. This can go 100%-200% up from here
✳️bZx Protocol/USDT (20/11) View + Trading Plan #BZRX $BZRXBZRX is in a strong uptrend and will still increase strongly in the near future.
The 0.22-0.23$ support zone has been strengthened and it becomes the most important zone in this uptrend.
The strong resistance zones that we need to look out for are the 0.3$ - 0.4$ - 0.5$ and 0.6$ zones
📈BUY- LONG
-Buy close to 0.22-0.23$
-Buy more: 0.2-0.21$, stoploss if B
📉SELL-SHORT
-Sell 0.3-0.31$, stoploss if A
-Sell 0.4-0.42$, stoploss if A
- Sell 0.5-0.52$, stoploss if A
-Sell 0.6-0.62$, stoploss if A
♻️BACK-UP
-Sell close to 0.2-0.21$ if B, stoploss if A
-Buy: 0.15-0.16$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
BZRXUSDT 🚀 to .50 Looks like this one is about to rocket. Will follow a path similar to EGLD. Market cap is super low so very easy to x10
BZRXUSDT - Potential rejection 🔽BZRXUSDT bounced off the descending triangle support as expected from my previous analysis.
Price is testing the descending triangle inclined resistance.
Potential rejection of the inclined resistance.
Sell entry ⬇️ - breakdown below the minor ascending channel resistance.
Target 🎯 - descending triangle support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
BZRXUSDT: Possible Long (13.12.2020)On D1, the price found support at the 50% Fibonacci level. The RSI is in an uncertain state and is likely to return to the overbought level.
On H4, the price found support at the 76.4% Fibonacci level. RSI has reached the oversold level.
We recommend buying BZRX to hold the position above $ 0.33.
BZRXUSDT - Descending triangle BZRXUSDT is printing a descending triangle pattern on the 4H timeframe.
We could see a bounce off the pattern support ⬆️ or breakdown below the pattern support ⬇️.
Bzrxusdt setupBuy small bag after a close above the yellow horizontal line
Then buy the rest of the bag after the breakout of the trendline
Take profits on the green lines
BZRXUSDT - cup and HandleWhat Is A Cup And Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
Example Of How To Use The Cup And Handle
The image below depicts a classic cup and handle formation. Place a stop buy order slightly above the upper trend line of the handle. Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. There is a risk of missing the trade if the price continues to advance and does not pull back.
A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. For example, if the distance between the bottom of the cup and handle breakout level is 20 points, a profit target is placed 20 points above the pattern's handle. Stop loss orders may be placed either below the handle or below the cup depending on the trader’s risk tolerance and market volatility.
