Will there be a disruption and new PUMP in CHZUSDT 4H!?
Technical analysis regarding the price of CHILIZ in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The main trend of this crypto is upward, however, in the last few days, we had a sharp drop forming descending tops. But there is an interesting support in the region of $ 0.58 holding the price, and in my view, we have a downward triangle being formed, but I strongly believe in the potential breakdown of this LTB, and then, taking the vertex and projecting as a target, I get such levels that the price you can get that matches the Fibonacci channels that I always base on my trades! I believe in the potential of this crypto and well, the tendency is to value it in the long run. So I will not wait to confirm a break to confirm default. I can already base myself on what the candles are doing, losing more and more strength getting close to the 0° angle of the triangle.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
The main trend of this crypto is upward, however, in the last few days, we had a sharp drop forming descending tops. But there is an interesting support in the region of $ 0.58 holding the price, and in my view, we have a downward triangle being formed, but I strongly believe in the potential breakdown of this LTB, and then, taking the vertex and projecting as a target, I get such levels that the price you can get that matches the Fibonacci channels that I always base on my trades! I believe in the potential of this crypto and well, the tendency is to value it in the long run. So I will not wait to confirm a break to confirm default. I can already base myself on what the candles are doing, losing more and more strength getting close to the 0° angle of the triangle.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
