Chiliz / CHZUSD crossed today over the 1day MA50 for the first time in 2 months.
Even though that is a significant bullish signal, it is still not as strong as a potential break over the top of the Falling Wedge pattern would be.
As a result, a break over the Falling Resistance would target the 0.236 Fibonacci level and 1day MA200.
Buy when a 1day candle closes over the 1day MA200 and target 0.15000 (a little under the 0.618 Fibonacci).
Note that the 1day RSI is on the Resistance level which has priced 3 Lower Highs on the Falling Wedge. This is why wee need to see a clear breakout.
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Even though that is a significant bullish signal, it is still not as strong as a potential break over the top of the Falling Wedge pattern would be.
As a result, a break over the Falling Resistance would target the 0.236 Fibonacci level and 1day MA200.
Buy when a 1day candle closes over the 1day MA200 and target 0.15000 (a little under the 0.618 Fibonacci).
Note that the 1day RSI is on the Resistance level which has priced 3 Lower Highs on the Falling Wedge. This is why wee need to see a clear breakout.
Follow us, like the idea and leave a comment below!!
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
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💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.