โด๏ธ Chiliz Grew 24,700% Just Two Years Ago...Considering the fact that Chiliz (CHZUSDT) grew by an astonishing 24,700% in 2021, just two years ago, it is more than possible to see a bullish wave extending beyond 1,800% and hitting even 3,000% or many times more.
The last bull market lasted 364 days after the double bottom (higher low).
This time around we have a lower low instead.
364 Days would put us at early October 2024.
This is just one method we use to calculate potential tops for the next cycle but we don't know how accurate it will be. As we continue to go through hundreds of charts we will come up with more and varied methods that will give us a better picture.
When we have a set of say 3-5 different methods, plot them all together and get an average date we can calculate the next market cycle top with a high level of accuracy.
This isn't really important though, what really matters is to buy low to later sell high and develop a plan to maximize profits when selling the target, the rest is just a waiting game.
I hope you can join me in the coming months and years... Cryptocurrency has lots to offer.
Namaste.
CHZUST trade ideas
CHZ - Correction coming soonThe impulsive wave that began in mid-October is losing steam.
My count considers that the current grind to the upside is an ending diagonal for blue wave 5, in green waves I to V.
RSI divergence is also showing up.
The low 0.06ยดs are good targets for the pullback, but letยดs wait for further price action.
๐๐ #ChartPattern Alert! ๐๐ ๐ Falling Wedge ๐๐ What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
๐ How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
๐ What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
๐ Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! ๐๐น
Buy Some CHZ Tokens Please BINANCE:CHZUSDT
maxRECORDS future & Spot trading signal provider is a service that uses technical analysis and market research to provide recommendations and predictions on the future price movements of cryptocurrencies in futures markets. we provide typically analyze market trends, price patterns, and other relevant indicators to identify potential opportunities for profit.
finally chz breaking falling wedge seems like chz has already bottomed and preparing for solid recovery
in downtrend from long time now getting life formed and breaking falling wedger in 2 days and expecting breakout soon
and incase of successful breakout expecting 120 to 140% bullish rally in coming days