Chiliz Regains Support (180%+ Growth Potential)
Look what I found here, another nice looking chart.
Chiliz (CHZUSDT) managed to break above MA200 in August this year, it has been trading above this level since.
In mid-October, it moved down to test this level as support and it holds.
This level is tested again multiple times until yesterday... MA200 is the black line on the chart.
Today, we see CHZUSDT moving back above this level which also coincides with the 0.618 Fib. retracement support.
These two combined makes this a most meaningful level.
Trading above it is highly favorable for the bulls.
So, any trading above 0.1675 and the bias for CHZUSDT favors the bulls.
Below this level, we can see more correction before any additional growth.
Since CHZUSDT has been ranging above this level since August and is now moving back up, we can early say that the bulls win and are getting ready to push this altcoin pair up.
Namaste.
Chiliz (CHZUSDT) managed to break above MA200 in August this year, it has been trading above this level since.
In mid-October, it moved down to test this level as support and it holds.
This level is tested again multiple times until yesterday... MA200 is the black line on the chart.
Today, we see CHZUSDT moving back above this level which also coincides with the 0.618 Fib. retracement support.
These two combined makes this a most meaningful level.
Trading above it is highly favorable for the bulls.
So, any trading above 0.1675 and the bias for CHZUSDT favors the bulls.
Below this level, we can see more correction before any additional growth.
Since CHZUSDT has been ranging above this level since August and is now moving back up, we can early say that the bulls win and are getting ready to push this altcoin pair up.
Namaste.
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