Chiliz (CHZ) Formed Another Reversal Pattern

Hi dear friends, hope you are well and welcome to the new update on Chiliz ( CHZ ).

Strong support zone and EMA:
On weekly time frame, priceline of Chiliz is accumulating above the strong support zone of $0.24 to $0.195 and below the EMA 21 weekly.

Bullish BAT:
On a weekly chart, CHZ has formed the final leg of bullish BAT .
To trade this pattern the targets can be as below:
Buy and sell targets:

Buy between: $0.2879 to $0.2405

Sell between: $0.4286 to $0.5773

Stop loss:
Below: $0.2405

Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 140%, and a loss possibility is 16.5%

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.