✴️ Chiliz Enters Bullish Territory

We have the same Adam & Even bottom pattern that we looked at so many times in the recent past. Here the pattern is complete and Chiliz is already bullish.

The most relevant level right now for us to gauge CHZUSDT bullish potential is the June 2022 low, this is marked orange on the chart.

Seeing the bottom pattern and the action happening above this level works to confirm the bears as being weak and the bulls strong.

When a pair is truly bullish, multiple signals will show up pointing towards the same conclusion.
The two signals above are really strong and yet we have the RSI at 65 and the moving averages below the current price (bullish).

Sudden retraces can happen and even turn into a correction but this wouldn't change the bigger picture, any retraces or corrections are most likely end in higher lows. This can happen because the market is volatile, the market is young, anything and everything goes.

While we have and can have strong signals, we always prepare for all scenarios because the chart can always change... Prepare for the worst, hope for the best.

Namaste.