Technical analysis regarding the price of BZX PROTOCOL in relation of dollar Binance for the next scenarios, based on daily movement.
Price formed a symmetrical triangle to which it was broken, we took the projection of the vertex and projected from the break, following the trend and we obtained the level as far as the price can reach, which coincides with the projection of channels mathematically applicable by Fibonacci.
Price being driven by the EMA for 34 periods.
Price is in a region of resistance that, when broken, will cause the price to rise to the projected targets. Soon we can see this cryptoactive effecting its new ATH (financial volume gaining strength driving the price) - Logarithmic scale.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Price formed a symmetrical triangle to which it was broken, we took the projection of the vertex and projected from the break, following the trend and we obtained the level as far as the price can reach, which coincides with the projection of channels mathematically applicable by Fibonacci.
Price being driven by the EMA for 34 periods.
Price is in a region of resistance that, when broken, will cause the price to rise to the projected targets. Soon we can see this cryptoactive effecting its new ATH (financial volume gaining strength driving the price) - Logarithmic scale.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***