CHZUSDT
Chilliz succesfully backtested .236 fib levelYesterday we saw a price drop in CHZUSDT chart because it backtested its .236 fib level support which turns out successfully.
This is a normal routine as Chilliz always backtest .236 fib level before making a move in the history.
Right now we could see CHZUSDT to reach the price of $0.55 in the short term if BTC don't dump.
This move can be further validate when we sees the MACD forms a bullish cross which right now it hasn't yet.
CHZUSDT is looking good currently.
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.
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.