Chiliz Analysis for Mid-Term
Updated
Hi all.
lets take a look at CHZ altcoin.
according to its growing platform and awsome plans for FIFA World Cup 2020 Qatar.
lets analyze it with Elliot waves:
CHZ starts an impulsive wave from 18 june 2020 and after end its 1st and 3rd wave
its near the end of wave 4th and will start the last 5th wave in coming days.
like you can see in my chart we are completing the B wave of 4th wave and it seems to be
a Zigzag(5-3-5).
after that wave C starts and according to bearish condition of the market i think wave 4th end in
0.16 level , a strong support level near 200MA and 100% level of fibo projection of wave A.
after we reach this level i think wave 5th starts and the target is 0.2280 or more.
if you take a position or purchase CHZ at spot market please dont forget to set a stoploss
below the support level.
wait for the end of wave C and after that you can enter this amazing altcoin.
hope all of you have good trades and protect your capitals.
thanks for reading my idea.
share me your opinion in comments and make me happy.
lets take a look at CHZ altcoin.
according to its growing platform and awsome plans for FIFA World Cup 2020 Qatar.
lets analyze it with Elliot waves:
CHZ starts an impulsive wave from 18 june 2020 and after end its 1st and 3rd wave
its near the end of wave 4th and will start the last 5th wave in coming days.
like you can see in my chart we are completing the B wave of 4th wave and it seems to be
a Zigzag(5-3-5).
after that wave C starts and according to bearish condition of the market i think wave 4th end in
0.16 level , a strong support level near 200MA and 100% level of fibo projection of wave A.
after we reach this level i think wave 5th starts and the target is 0.2280 or more.
if you take a position or purchase CHZ at spot market please dont forget to set a stoploss
below the support level.
wait for the end of wave C and after that you can enter this amazing altcoin.
hope all of you have good trades and protect your capitals.
thanks for reading my idea.
share me your opinion in comments and make me happy.
Trade closed: target reached
maybe my wave count wasnt so good but...the important thing is making PROFIT...
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