CharlesPark

Chiliz is preparing another bull run !!

Long
BITFINEX:CHZUSD   CHZ / Dollar
I'm bullish with CHZ . (Chiliz)

After crazy bull run, the price of CHZ was decreasing. But I think this is the timing we can get another chance.

1) Daily CHZ touched 50 EMA recently and came back with huge volume increase.
I think that showed strong support.

2) MACD histogram is decreasing, which means that bearish power is weakening.

3) Daily RSI is oversold, enough to make bullish divergence compared to the price.
(07 February vs. 07 April)

I expect CHZ price to be over $ 1.2 after few weeks.

Trade at your own risk.
XOXO.
Trade closed manually: CHZ/USD touched 0.86. However due to bearish market movement, it seems that CHZ/USD lost the power.
I expect more bullish market coming, but we need another analysis for that.

Comments

Concur, good synopsis.
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@stkbull, Thank you for your comment!
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