Chiliz Long-Term: Can You See It? 3,700% ATH Potential
Chiliz's last major bull-market bull-run ended March 2021. Only after 1,246 days this chart/pair is ready to grow again, to grow big.
➖ We are looking at Chiliz vs Tether (CHZUSDT). For the CHZBTC trade-idea check the 'Related publications' at the bottom of this post.
Before the 2021 bull-market, there is a very long accumulation period, the consolidation phase. We always look for this to spot a high probability chart. This type of action is not necessary to precede a major bull-market but it always tends to be present. Some pairs have not gone through a major consolidation phase and these pairs might not move on the next bull cycle.
I don't know how to emphasize this enough so I just won't. Some pairs will remain low and barely move, while others will boom. The ones that produced a strong support based on a long consolidation phase will produce the biggest growth in 2025. Those still trading high up will produce mixed results.
Here we can see that Chiliz (CHZUSDT) produced more than enough sideways action as it has been consolidating for more than 830 days.
Since we have the right conditions; the correct chart structure, a long-term higher low and a growing market, we can consider a new All-Time High for this pair.
Looking at the previous ATH and its 1.618 Fibonacci extension, we can see $2.47 as a possible target in 2025. The bull-market can end up higher just as it can end up lower, this is just a projection.
Considering this ATH projection, total growth potential would amount to around 3,700% from current prices.
Seeing that Chiliz grew a total of 24,766% in 2021, this number seems small. Don't think that it is not possible, we might get a surprise on the bullish side and see even higher when all is set and done.
Hope for the best, prepare for the best and work for the best. In this way, you should produce great results.
Namaste.
➖ We are looking at Chiliz vs Tether (CHZUSDT). For the CHZBTC trade-idea check the 'Related publications' at the bottom of this post.
Before the 2021 bull-market, there is a very long accumulation period, the consolidation phase. We always look for this to spot a high probability chart. This type of action is not necessary to precede a major bull-market but it always tends to be present. Some pairs have not gone through a major consolidation phase and these pairs might not move on the next bull cycle.
I don't know how to emphasize this enough so I just won't. Some pairs will remain low and barely move, while others will boom. The ones that produced a strong support based on a long consolidation phase will produce the biggest growth in 2025. Those still trading high up will produce mixed results.
Here we can see that Chiliz (CHZUSDT) produced more than enough sideways action as it has been consolidating for more than 830 days.
Since we have the right conditions; the correct chart structure, a long-term higher low and a growing market, we can consider a new All-Time High for this pair.
Looking at the previous ATH and its 1.618 Fibonacci extension, we can see $2.47 as a possible target in 2025. The bull-market can end up higher just as it can end up lower, this is just a projection.
Considering this ATH projection, total growth potential would amount to around 3,700% from current prices.
Seeing that Chiliz grew a total of 24,766% in 2021, this number seems small. Don't think that it is not possible, we might get a surprise on the bullish side and see even higher when all is set and done.
Hope for the best, prepare for the best and work for the best. In this way, you should produce great results.
Namaste.
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