CHZUSDT
Inverse head and shoulder forming in Chilliz 4 hourly timeframe!Chilliz has been long consolidating for 20 days, Bollinger Band is squeezing now and this indicates an impulsive move to the upside or down side. Most likely it will shoot to the upside based on the current MACD indication. Possible inverse H&S unfolding will gives us a target price of around $0.8. Not financial advice.
CHZ Formation and Fibonacci TargetCHZ Formation and Fibonacci Target
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Chzusdt Buy When Break TriangleHi chilz is making an ascending symmetrical triangle after it's breakout we can expect good long entry and can go upward till the resistance level after that we can expect resistance of it broke that resistance it can go more. Currently it is in 0.618 important fib level.
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CHZ Potential ReversalThis is my first analysis, so please be patient with me! All of the numbers are approximate.
Now that the price has bounced off MA 60 an uptrend is expected. However, please take note of the forming head and shoulders pattern, which can indicate a drop, to approx. 0.5, instead. After the reversal, the local targets are 0.76$, 0.84$, and finally 1$. However, do keep in mind that CHZ has a market cap of 3.4B usd at the moment, making the growth of the asset require increasingly more capital.
This is not financial advice.