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parissap
Apr 16, 2022 7:24 AM

CHZ weekly parallel channel 

Chiliz / TetherUS PERPETUAL CONTRACTBinance

Description

#CHZ/USDT
CHZ is trading inside descending parallel channel that rejected from middle line.
Fib levels of last swing high show that price is at support of 0.5 and 0.618 levels.

🐮 holding the support of fib levels till 0.786 can increase price to middle line and break out from middle line help price reaching upper line of channel.

🐻 breaking down from 0.786 fib level will drop price to lower line of channel.
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