marktiu

DOES CHZ HAVE MORE DOWNWARDS MOVEMENT?

marktiu Updated   
BINANCE:CHZUSDT.P   Chiliz / TetherUS PERPETUAL CONTRACT
We see CHZ break out of our descending price channel only tap liquidity at the 0.262 level and return back.

However, CHZ finds support of the 1.618 fib extension level, coming from lows of Jun 19, 2022.
Almost Exxxxactly to the dollar.

Will this signal a bounce to the upside? or a a downwards continuation?
We shall watch and wait patiently for CHZ's next move.

Fundamentally, there is much hype going around due to the FIFA 2022 tournaments.

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Comment:

Please see the HTF and how CHZ has been respecting this descending price channel.
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