Chiliz is experiencing a pullback after a strong move that happened yesterday. It is bouncing off the support zone and the Fibonacci 0.5 level. Bullish movement to resistance level at 0.258 is possible.
Hi dear friends, hope you are well and welcome to the new trade setup of Chiliz ( CHZ ).
On a monthly time frame, CHZ has formed a huge bullish Gartley pattern.
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
As i said in the title. We are forming a Cup with our new handle.
New all time high willbe reached.. i expect this to happen mostly in 3 weeks, as we see today a big correction in bitcoin.
Folks,
CHILIZ still one of those coins I personally have high hopes of because it operates as a social coin and is giving real value to people..
We saw a breakout earlier on the daily chart with a corrective move now..
If we look up closer for example on the 1 hour chart we see a falling wedge pattern with the RSI around 51 and still a little trend...
DODGE THE BULLTRAP
I added this chart many days ago but I'm daily updating it according the new events. As I expected we reach my first buy zone, if you took congrats, but as i marked was possible a pullback, since the bearish power is stronger (Check DMI/ADX) still red in 4h and Daily timeframe. I knew no matter how many "pumps" would announce wouldn't be...
