hi guys,
As you can notice Chiliz price is moving inside this huge symetric triangle since march. Triangle is close to its end.
So what's next ? A symetric triangle is a 50/50 pattern. 50% down 50%up.
We are currently sitting on the triangle support and between 0.618 and 0.786 fib retracement of the last wave up.
This is an important level to hold.
Close under I think we are going to visit the 0.16$ and then 0.12$
The huge resistance is @ approx 0.5$. A close above should send CHZ to the next fib extension levels.
So this is still uncertain. The macro trend is bullish but be ready for both scenarios
Like if you share
NFA
As you can notice Chiliz price is moving inside this huge symetric triangle since march. Triangle is close to its end.
So what's next ? A symetric triangle is a 50/50 pattern. 50% down 50%up.
We are currently sitting on the triangle support and between 0.618 and 0.786 fib retracement of the last wave up.
This is an important level to hold.
Close under I think we are going to visit the 0.16$ and then 0.12$
The huge resistance is @ approx 0.5$. A close above should send CHZ to the next fib extension levels.
So this is still uncertain. The macro trend is bullish but be ready for both scenarios
Like if you share
NFA
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