$CHZ/USDT 90m (Binance Futures) Rising wedge breakdown
Chiliz had a steady growth and is facing ascending channel resistance right now.
Also forming a rising wedge which is mostly a bearish pattern, time to retrace could come soon!
Current Price= 0.51040
Sell Entry= 0.50833 - 0.53433
Take Profit= 0.42002 | 0.36076 | 0.28203
Stop Loss= 0.60243
Risk/Reward= 1:1.25 | 1:1.98 | 1:2.95
Expected Profit= +19.43% | +30.80% | +45.90%
Possible Loss= -15.56%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 5 days
Also forming a rising wedge which is mostly a bearish pattern, time to retrace could come soon!
Current Price= 0.51040
Sell Entry= 0.50833 - 0.53433
Take Profit= 0.42002 | 0.36076 | 0.28203
Stop Loss= 0.60243
Risk/Reward= 1:1.25 | 1:1.98 | 1:2.95
Expected Profit= +19.43% | +30.80% | +45.90%
Possible Loss= -15.56%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 5 days
Trade active:
Both entries filled
Let's see if Chiliz can chill out a little bit and go for our first target at least!
Let's see if Chiliz can chill out a little bit and go for our first target at least!
