CHZUSDT appears to be forming a parabolic pattern, but it'll take until mid July to complete (if it holds). We've seen previous ATH being hit twice in the past, third time's a charm, right? Anyhoo, the 1.618 Fibonacci level (next ATH target) is found at close to 0.03.
Now, bitcoin's had it's halving, and if it decides to take a dive, all bets are off. If it starts moving upwards, it should be positive for this forecast, as long as it doesn't shoot up too fast. We've all seen it in the past, when bitcoin pumps rapidly, alts generally bleed.
CHZ is also continuously adding partners, and it seems countries are starting to lift at least some of the bans on sporting events. People are likely to be starved for their favorite sports which should be very bullish for Chiliz.
Anyway, I was just toying with the charts this morning and happened to notice a pattern. Make of it what you will... (This is not to be considered investing advice. I'm not a professional trader/analyst.)
Cheers.
Now, bitcoin's had it's halving, and if it decides to take a dive, all bets are off. If it starts moving upwards, it should be positive for this forecast, as long as it doesn't shoot up too fast. We've all seen it in the past, when bitcoin pumps rapidly, alts generally bleed.
CHZ is also continuously adding partners, and it seems countries are starting to lift at least some of the bans on sporting events. People are likely to be starved for their favorite sports which should be very bullish for Chiliz.
Anyway, I was just toying with the charts this morning and happened to notice a pattern. Make of it what you will... (This is not to be considered investing advice. I'm not a professional trader/analyst.)
Cheers.