Chiliz (CHZ) 100x Bull flag?
Yes, 10,000%.
On the above 12 day chart price action has corrected over 60% since March. A number of reasons now exist for a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support confirmation. Orange arrows. This is called a double bottom.
3) Trend reversal. A higher high has now printed just like the one before it in August 2020 on this time frame.
4) Hook reversal pattern, look left! Students, you know why this is important?
5) The bull flag. Confluence is paramount when drawing flag patterns. I see so many poorly drawn flags on tradingview ideas. Confluence refers to the number of times price action touches the boundaries of a channel. The more times this happens the more significant the channel for use in forecasts. A repeat for the 2020 impulsive wave takes price action to the $5 area or 100x.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: all in. You decide.
Timeframe for long: This month
Return: 80 - 100x
On the above 12 day chart price action has corrected over 60% since March. A number of reasons now exist for a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support confirmation. Orange arrows. This is called a double bottom.
3) Trend reversal. A higher high has now printed just like the one before it in August 2020 on this time frame.
4) Hook reversal pattern, look left! Students, you know why this is important?
5) The bull flag. Confluence is paramount when drawing flag patterns. I see so many poorly drawn flags on tradingview ideas. Confluence refers to the number of times price action touches the boundaries of a channel. The more times this happens the more significant the channel for use in forecasts. A repeat for the 2020 impulsive wave takes price action to the $5 area or 100x.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: all in. You decide.
Timeframe for long: This month
Return: 80 - 100x
Trade ativo
Price action breaks resistance.
Remember, 90% of the people reading this idea will fail to remain long until the target area.
Good luck to you all!
Nota
Past resistance (from last update) confirms support.
This opportunity will not repeat for another 4 years, don't waste it.
Nota
Never a better a moment than this one, don't waste it.Nota
many of the XRP bulls did not believe "incredible sell" probability signal.
Today CHZ triggers the opposite, will you take advantage?
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.