$CHZ/BTC 3D (#BinanceSpot) Falling wedge breakout and retest
Updated
Chiliz is showing some bullish strength after regaining 200MA, a bounce back to 50MA would make sense.
Current Price= 0.00000479
Buy Entry= 0.00000480 - 0.00000436
Take Profit= 0.00000595 | 0.00000742 | 0.00000870
Stop Loss= 0.00000360
Risk/Reward= 1:1.4 | 1:2.9 | 1:4.2
Expected Profit= +29.92% | +62.02% | +89.97%
Possible Loss= -21.40%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #CHZ #CHZBTC #Socios #FanToken #Sport #eSport #CEx #BC #NFT #Payment
Websites: chiliz.com chiliz.net socios.com
Contracts:
#ChilizChain CHZ-ED
#ERC20 0x3506424f91fd33084466f402d5d97f05f8e3b4af
#BEP2 CHZ-ECD
Current Price= 0.00000479
Buy Entry= 0.00000480 - 0.00000436
Take Profit= 0.00000595 | 0.00000742 | 0.00000870
Stop Loss= 0.00000360
Risk/Reward= 1:1.4 | 1:2.9 | 1:4.2
Expected Profit= +29.92% | +62.02% | +89.97%
Possible Loss= -21.40%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 6 months
Tags: #CHZ #CHZBTC #Socios #FanToken #Sport #eSport #CEx #BC #NFT #Payment
Websites: chiliz.com chiliz.net socios.com
Contracts:
#ChilizChain CHZ-ED
#ERC20 0x3506424f91fd33084466f402d5d97f05f8e3b4af
#BEP2 CHZ-ECD
Trade active
1st entry filledChiliz bounced bringing up to +18.05% and is now pulling back.
We may have our 2nd entry hit before going for the first target, better be patient enough!
Trade closed: target reached
TP1 reached with +29.92% and +1.4RChiliz retested 200MA support and bounced on it as expected, totally worth the wait!
Then got rejected on 50MA resistance for now, SL adjusted to lowest entry (0.00000436).
Trade closed manually
Remaining position was closed with -4.80% and -0.22RChiliz lost 200MA and legged down retesting the falling wedge support before bouncing back.
Right now in a critical situation since a death cross could happen, but if manages to avoid it we'd see a nice recovery!
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