Chiliz FINANCIAL FREEDOM [BULL PENNANT]
Updated
Spotted this potential bull pennant forming on the weekly chart.
Timing is everything and timing a market is extremely difficult, however based on the pattern I believe it could breakout sometime in Q4 of 2020.
-> 1.618 extension lines up with measured move (at approximated breakout point)
-> Lots of buy volume at pennant support line so far
-> Patterns like this tend to play out 50-75% of the way through before breaking out (to either direction)
Beware that it could sell off before it hits the top of the pennant this time.
Trade at your own risk.
Timing is everything and timing a market is extremely difficult, however based on the pattern I believe it could breakout sometime in Q4 of 2020.
-> 1.618 extension lines up with measured move (at approximated breakout point)
-> Lots of buy volume at pennant support line so far
-> Patterns like this tend to play out 50-75% of the way through before breaking out (to either direction)
Beware that it could sell off before it hits the top of the pennant this time.
Trade at your own risk.
Note
Like my idea?Consider throwing me some beans:
0x0B6A6fF2a61acD441fdAF53A357516C2a18c4aA6
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