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iaretheanimal
Jan 28, 2024 3:26 AM

Chiliz - Hot Pepper Long

Chiliz / United States DollarCoinbase

Description

Ascending triangle target is the low to the height of resistance.
Target is .1583

Linear regression shows clear channel upward. Resistance around current level .1160, and at .15



Comments
MAD9111
still available ?
iaretheanimal
@MAD9111, Should be, current 4h support at .1049. I believe BTC will retest 40k area as support. Wait until daily close, you can probably pick it up at EMA10 (exponential moving average 10 day) .1025. For a stop loss, probably next EMA level at .970
iaretheanimal
@MAD9111, If we close positive, it's more likely BTC will head up to another resistance level and CHZ will go up to. Your call on when to hop in, and set a stop loss. Me, if I wasn't already in, I see that .1049 is holding so far, I would wait for daily close to see which way BTC ends the week. A positive close we probably head towards 44-45k and CHZ goes up, and I would get in. A negative close I would wait for .1025 and see if it holds, if not, then look at .0970.
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