Chiliz (CHZ) Formed Another Reversal Pattern
Hi dear friends, hope you are well and welcome to the new update on Chiliz ( CHZ ).
Strong support zone and EMA:
On weekly time frame, priceline of Chiliz is accumulating above the strong support zone of $0.24 to $0.195 and below the EMA 21 weekly.
Bullish BAT:
On a weekly chart, CHZ has formed the final leg of bullish BAT .
To trade this pattern the targets can be as below:
Buy and sell targets:
Buy between: $0.2879 to $0.2405
Sell between: $0.4286 to $0.5773
Stop loss:
Below: $0.2405
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 140%, and a loss possibility is 16.5%
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
Strong support zone and EMA:
On weekly time frame, priceline of Chiliz is accumulating above the strong support zone of $0.24 to $0.195 and below the EMA 21 weekly.
Bullish BAT:
On a weekly chart, CHZ has formed the final leg of bullish BAT .
To trade this pattern the targets can be as below:
Buy and sell targets:
Buy between: $0.2879 to $0.2405
Sell between: $0.4286 to $0.5773
Stop loss:
Below: $0.2405
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 140%, and a loss possibility is 16.5%
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
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