CHZUSD
Chiliz went on an extended Wave 5 climb, and should cool off.I found $CHZ sitting at $0.13 a few days ago, on Monday the be exact, and though, "What an exciting project!".
In a short span of time, it has since more than 2x -- which screams hyperbolic or overheated to me -- and I do expect things to calm down further in the coming weeks.
A good buy in signal would be if $CHZ trades back within the 61.8% fib retracement region of $0.12.
All eyes on this gem.
CHZUSDT (Flag Pattern)CHZUSDT (1H CHART) Technical Analysis Update
Flag Pattern
CHZ/USDT currently trading at $0.25
Buy-level: only buy after flag pattern Breakout ( $0.25 - $0.265 )
Stop loss: I will update once I see the breakout
Target 1: $0.295
Target 2: $0.315
Target 3: $0.35
Target 4: $0.40
ALWAYS KEEP STOP LOSS...
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The Weekend trade!Look at this beauty, wolves🔥
Well... it is definitely looks like a perfect flag pattern.
Long time I didn't see such a clear pattern like this one.
There were 3 touches of both support and resistance zones and now breakout is expected.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
CHZ will be doubleGiant cup nd handle on CHZ. if the neckline breaks we might not forma candle but wait for it to break the neckline before opening a long.
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CHZUSDT (CHILIZ) - POTENTIAL BREAKOUT ANALYSIS 🔎
- CHZUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.