TheSignalyst

CHZ - Wait For The Trigger

Long
BINANCE:CHZUSDT   Chiliz / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

As per my previous idea (attached below), we were waiting for CHZ to form a new swing around the upper red trendline to consider it valid, then buy on its break upward.

This swing is formed, now what?

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.

Meanwhile, until the buy is activated, CHZ would be overall bearish can still trade lower till around the green demand zone (0.10)

In this case, we will be looking for new buy setups to form around it.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comment: Previous Idea

This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

awesome plan mate
+1 Reply
@YMGroup, thanks a lot brother YM for the support
Reply
Wonderful analysis!

Keep it up :)
+1 Reply
TheSignalyst SensibullTrading
@SensibullTrading, thank you so much Sensibull :D
Reply
Hi my friend! very accurate
+1 Reply
TheSignalyst AtlasTrades
@AtlasTrades, you too Atlas, keep it up
Reply
nice breakdown on this one :) thx
+1 Reply
@jojofang0901 thank you dear Jojo 😁
Reply
Good job 👍, thanks for sharing 😊
+1 Reply
@T_V_TreeTrader thank you TreeTrader brother
Reply