In relation to technical analysis, Chiliz is awesome in a weird a way! First, consolidating in a triangular/boat like zone, then bursting upward. Next, enter a corrective phase in a downtrend channel. Could it burst again upward reaching Fib level 1 making ABC pattern in which A=C? Only time will tell. Let's see what happens.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
P.S. the middle of the triangular consolidation zone is selected as the start point of Fibonacci extension.
Comment:
Chiliz on its way toward the channel's upper line. Let's see how Chiliz will react to this line; a correction and then break, or break and then a pullback.
Chiliz on its way toward the channel's upper line. Let's see how Chiliz will react to this line; a correction and then break, or break and then a pullback.
Comment:
Chiliz have reached the channel's upper line. Here, some pullback, correction or oscillation is most possible. Let's see what happens.
Chiliz have reached the channel's upper line. Here, some pullback, correction or oscillation is most possible. Let's see what happens.
Comment:
So, Chiliz broke the descending channel's upper line and is going up, reaching the first horizontal resistance area. Let's see what happens.
So, Chiliz broke the descending channel's upper line and is going up, reaching the first horizontal resistance area. Let's see what happens.
Chiliz broke the downtrend line and is going toward the channel's upper line. Let's see what happens.