Trend: Chiliz is in a descending channel (red lines), and price is currently approaching the lower boundary, which could act as support.
Support: The green zones around 0.042 and 0.022 represent important support levels, with the latter acting as a critical point to maintain the current trend.
Resistance: The upper resistance trendline around 0.075 is a significant barrier, and breaking it could lead to an upside move.
Volume: The volume is relatively low, suggesting that there is not much interest at current levels. A breakout or breakdown from the channel would likely be accompanied by a surge in volume.
Price Action: If the price holds above the lower support, it may attempt a rebound. Otherwise, a breakdown could push the price towards the lower 0.022 zone.
Support: The green zones around 0.042 and 0.022 represent important support levels, with the latter acting as a critical point to maintain the current trend.
Resistance: The upper resistance trendline around 0.075 is a significant barrier, and breaking it could lead to an upside move.
Volume: The volume is relatively low, suggesting that there is not much interest at current levels. A breakout or breakdown from the channel would likely be accompanied by a surge in volume.
Price Action: If the price holds above the lower support, it may attempt a rebound. Otherwise, a breakdown could push the price towards the lower 0.022 zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.