Chilliz prints a falling wedgeIf a breakout to the upside is produced with a daily close over the wedge i will enter a long position, otherwise this setup is cancelled.
Taking in to account how CHZ has behaved in the last weeks the most likely for the wedge is to be followed by a push to the upside.
CHZUST trade ideas
✅TS ❕ CHZUSD: formed the top✅✅CHZ formed the top, after which the price went down. I expect the fall to continue, perhaps even to the support level.✅
🚀 SELL scenario: short to the support level area.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CHZ / USDThi guys
📌According to the market conditions, we are looking for trade positions with a high potential to fall.
It seems CHZ is pulling back to its all-time 0.236 Fibonacci level after the previous decline.
QM bearish pattern is forming at the end of the current uptrend.
✅We are providing an analysis with the specific period of time. Pay attention to the expiration date.
📌Stay faithful to the Stop-Limit at all times.
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