Hello, traders!
Let's take a look at Chiliz. After a huge growth it has a big correction which can be the nice opportunity to buy it.
CHZUSDT ANALYSIS
The price is forming descending triangle . Today it was rejected from the upper line. There is high probability that the support line ($488) will be reached. Also we can notice the weak hidden bullish divergence , which means the possible global uptrend continuation and the end of the accumulation phase.
CHZBTC ANALYSIS
On the CHZBTC graph we can see almost the same situation. The local correction is going with the weak divergence with the OBV, which can tell us the end of the accumulation phase, but the huge volume is needed to push the price higher.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Let's take a look at Chiliz. After a huge growth it has a big correction which can be the nice opportunity to buy it.
CHZUSDT ANALYSIS
The price is forming descending triangle . Today it was rejected from the upper line. There is high probability that the support line ($488) will be reached. Also we can notice the weak hidden bullish divergence , which means the possible global uptrend continuation and the end of the accumulation phase.
CHZBTC ANALYSIS
On the CHZBTC graph we can see almost the same situation. The local correction is going with the weak divergence with the OBV, which can tell us the end of the accumulation phase, but the huge volume is needed to push the price higher.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
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