🆓Chiliz (CHZ) May-18 #CHZ $CHZThe buying force has being existed at 0.4$ zone since April and we can take risk to catch CHZ here anytime it hit this zone. If successful, it will head to 0.5$, 0.65$ and 0.8$ in this May and June
📈BUY
-Buy: 0.39-0.41$. SL if B
-Buy: 0.485-0.515$ if A. SL if B
📉SELL
-Sell: 0.485-0.515$. SL if A
-Sell: 0.635-0.665$. SL if A
-Sell: 0.78-0.82$. SL if A
♻️BACK-UP
-Sell: 0.39-0.41$ if B. SL if A
-Buy: 0.24-0.26$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
CHZ
🔥 CHZ Triangle Break OutAlthough BTC appears a bit distressed, CHZ is seeing a lot of bullish pressure today, launching it outside of this (bearish) triangle. Assuming that BTC will not dump hard, CHZ might actually see a prolonged bullish move, targeting the current ATH in the long run.
Happy trading!
$CHZ Pump AheadCHZ has been playing long in the triangle.
Recently $CHZ partnered up with couple of known franchises so fingers crossed & hoping for the best.
Once it breaks the trend line with good volume then surely a good pump can be expected.
My First Analysis.
Correct me if i am wrong.
NOT A FINANCIAL ADVICE!
DYOR!!!
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Chiliz next targetsThose who been holding Chiliz and not seeing upwards movements, the next leg up most likely will have to wait till end of May. As the bollinger band are starting to become smaller for the next big up move. Those still looking at entry point it looks like Chiliz still can move down a little lower, but anything around 0.45 - 0.5 is a great entry.
My strategy hitting first target to get out my initial investment as you never know if it could possible move down to the bottom of the channel again. With how much it went down with a down channel I feel like the 2nd target could be a top and selling all there and wait for it move down to the bottom of the channel again to rebuy.