Chiliz
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Chiliz Enters Bearish Phase (12H)

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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.

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Do you also think CHZ is bearish?
액티브 트레이드
After hitting the marked supply zone, the price dropped more than 15%, and the first target was reached.
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