Hi dear patrons, hope you are well and welcome to the new update on Chiliz (CHZ) token.
On 12 hr time frame chart, the price action of CHZ token has formed a bullish Cypher pattern. The price action has spiked in buying zone and moved up, however, we may have another chance to catch it from this potential reversal zone.
Buy and Sell targets:
Buy between: $0.4914 to $0.4732
Sell between: $0.5057 to $0.5402
Stop loss:
The maximum extent of potential reversal zone $0.4732 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 14%, and the loss possibility is 4%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On 12 hr time frame chart, the price action of CHZ token has formed a bullish Cypher pattern. The price action has spiked in buying zone and moved up, however, we may have another chance to catch it from this potential reversal zone.
Buy and Sell targets:
Buy between: $0.4914 to $0.4732
Sell between: $0.5057 to $0.5402
Stop loss:
The maximum extent of potential reversal zone $0.4732 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 14%, and the loss possibility is 4%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.