Chilliz ascending triangle
Hello traders!!
Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to the ascending triangle printed in chart witch is a bullish pattern that and signals a book long.
I don't really expect it to go till 0.24$ now due to the btc dominance breakout but it is a possibility for it to be reached in longer term the objective is 0.167$.
I will enter a long position at 0.134$ with stop loss at 0.127$ and take profits at 0.154$ 0.167$ 0.193$ and 0.24$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
Here we have a 4h chart of CHZ with the price situating in a decisive zone, this is a strong resistance, breaking it will mean that chz will blast and go to higher but if it fails to break out this level it will be a bearish sign and the price will tend to reach lower levels.
At the moment in my opinion a break to the upside is more likely due to the ascending triangle printed in chart witch is a bullish pattern that and signals a book long.
I don't really expect it to go till 0.24$ now due to the btc dominance breakout but it is a possibility for it to be reached in longer term the objective is 0.167$.
I will enter a long position at 0.134$ with stop loss at 0.127$ and take profits at 0.154$ 0.167$ 0.193$ and 0.24$.
I will be glad to see what do you think in the comments and if you agree with me push the like button, it helps a lot.
Regards and happy trading.
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