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CHZ / Bitcoin

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CHZBTC trade ideas

Chiliz FINANCIAL FREEDOM [BULL PENNANT]Spotted this potential bull pennant forming on the weekly chart. Timing is everything and timing a market is extremely difficult, however based on the pattern I believe it could breakout sometime in Q4 of 2020. -> 1.618 extension lines up with measured move (at approximated breakout point) -> Lots of buy volume at pennant support line so far -> Patterns like this tend to play out 50-75% of the way through before breaking out (to either direction) Beware that it could sell off before it hits the top of the pennant this time. Trade at your own risk.
Long
by lordlambo
1
CHZ/BTC 1D chart.Chiliz has been on an uptrend and setting higher lows. Support Level 1 was held pretty good and it is making a move towards the first resistance level and will slowly push upwards. Beyond the 3rd resistance there is no stopping chiliz. As long as it doesn't go below the trend line I expect it to keep going upwards. Disclaimer: This is not financial advice. I'm fairly new to trading and I'm publishing my ideas for learning purposes. I'm open to any form of criticism.
Long
by degendcrypto