CHZ Breakout Imminent?
Keep an eye on Chiliz, it's broken out of the descending triangle (in blue), however there's still a lot of sell pressure and we seem to be stuck in a descending channel (in yellow).
All we need is the volume to come in and for Bitcoin to show some strength over the next 24 to 48 hours (as BTC has a huge influence on overall market sentiment) and we should see CHZ break out of the channel and continue on it's upward trajectory.
The daily candle will be closing soon, and the start of the new daily candle usually brings about price activity.
Best of luck, always use a stop-loss, whether going long or short :)
All we need is the volume to come in and for Bitcoin to show some strength over the next 24 to 48 hours (as BTC has a huge influence on overall market sentiment) and we should see CHZ break out of the channel and continue on it's upward trajectory.
The daily candle will be closing soon, and the start of the new daily candle usually brings about price activity.
Best of luck, always use a stop-loss, whether going long or short :)
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