Chiliz Hits Support | Will It Bounce? | Chart Signals
Updated
Chiliz (CHZBTC) almost hit the .786 Fib. retracement support and started to bounce... Let's take a quick look at the signals:
There you have it... You can find the important support and resistance levels marked on the chart.
My view
I believe Chiliz can produce some good growth here... There is still the possibility of another low before fully resuming the uptrend, but a bullish move is still due now.
Thanks a lot for reading.
Namaste.
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Previous analysis |
- Prices for CHZBTC bounced just above .786 Fib. For bullish cycles, .618 Fib. can be enough to complete a retrace so reaching lower and bouncing with strength can be a bullish signal.
- Volume is showing up.
- Break above EMA10.
- EMA100 being challenged.
- Bullish RSI.
- Bullish divergence on the MACD + bullish cross.
- Downtrend line broken.
There you have it... You can find the important support and resistance levels marked on the chart.
My view
I believe Chiliz can produce some good growth here... There is still the possibility of another low before fully resuming the uptrend, but a bullish move is still due now.
Thanks a lot for reading.
Namaste.
---
Previous analysis |
Note
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