From the point where we placed the red arrow on the chart, it appears that an ABC correction has formed on the Chiliz chart.
Wave A and B seem to be completed. Wave B was a diametric pattern, which has now finished.
As long as the red box is respected, it is expected that Wave C will form and price will move toward lower levels.
The targets are marked on the chart. At the first target, take a breakeven.
A daily candle closing above the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think CHZ is bearish?
Wave A and B seem to be completed. Wave B was a diametric pattern, which has now finished.
As long as the red box is respected, it is expected that Wave C will form and price will move toward lower levels.
The targets are marked on the chart. At the first target, take a breakeven.
A daily candle closing above the invalidation level will invalidate this analysis.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think CHZ is bearish?
Operación activa
After hitting the marked supply zone, the price dropped more than 15%, and the first target was reached.
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.