Hello everyone
The price has been ascending forming a bullish channel, now the price has broken the support of 0.4148 - 0.4068 and has retested it forming a double bottom pattern in 4h timeframe.
The price has subtracted rejecting the 0.5 fibonacci line. now I expect bullish momentum to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Buy Chiliz:
Entry price: 0.4176
Take profit: 0.4637
Stop loss: 0.4038
Risk / Reward: 3.34
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
The price has been ascending forming a bullish channel, now the price has broken the support of 0.4148 - 0.4068 and has retested it forming a double bottom pattern in 4h timeframe.
The price has subtracted rejecting the 0.5 fibonacci line. now I expect bullish momentum to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Buy Chiliz:
Entry price: 0.4176
Take profit: 0.4637
Stop loss: 0.4038
Risk / Reward: 3.34
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
Note
Chiliz + 5.74 %
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.