In relation to technical analysis, Chiliz is awesome in a weird a way! First, consolidating in a triangular/boat like zone, then bursting upward. Next, enter a corrective phase in a downtrend channel. Could it burst again upward reaching Fib level 1 making ABC pattern in which A=C? Only time will tell. Let's see what happens.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
Chiliz broke the downtrend line and is going toward the channel's upper line. Let's see what happens.