Bzrx to move higher after its falling wedge break out
Hi everyone,
Bzrx was listed to binance on its way down after a major move up. It is currently in a large falling wedge which is has broken out of. Currently resting on a major support level at near .19 and is forming a move up to .24, a potential 20 percent move. It has to clear resistance at the 2 hr 21 EMA first. It will not move up in a straight line and will be going up in a stair step manner, building support on previous resistance before moving up to test new resistance and build support. Patience is necessary. The RSI has a resistance line drawn and it must break it to move higher.
The next support if this breaks is at 16 cents. Then it’s next support if that breaks is at the original launch price at around 12 cents. Have an exit strategy and protect your profits.
This is not financial advice
Bzrx was listed to binance on its way down after a major move up. It is currently in a large falling wedge which is has broken out of. Currently resting on a major support level at near .19 and is forming a move up to .24, a potential 20 percent move. It has to clear resistance at the 2 hr 21 EMA first. It will not move up in a straight line and will be going up in a stair step manner, building support on previous resistance before moving up to test new resistance and build support. Patience is necessary. The RSI has a resistance line drawn and it must break it to move higher.
The next support if this breaks is at 16 cents. Then it’s next support if that breaks is at the original launch price at around 12 cents. Have an exit strategy and protect your profits.
This is not financial advice
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