Chiliz had huge pump towards the upside recently having reached as high as 0.00001300 area but right now it seems to be going down. Most likely it will have a sideways movement within the descending triangle pattern and luckily, there is not enough selling volume for this coin to fall back towards a major zone at 0.00000470 price area.
It can most likely reach in between the 20 EMA price zone and the bottom of the triangle at 0.00000940-ish price area. As seen in its past performance, price range sticks very close to the 20 EMA whether it be on its top or bottom of the this EMA once drastic price movement settles down. So yes, its price movements most likely will be inside the 0.00000940's area.
If we are to get another pump, my bullish price target would be the 0.00001770 area. We need good fundamental news to push the price back up and most likely we will be getting one soon since this project aims at sports-related activities.
Feedback and suggestions are appreciated, thanks!
It can most likely reach in between the 20 EMA price zone and the bottom of the triangle at 0.00000940-ish price area. As seen in its past performance, price range sticks very close to the 20 EMA whether it be on its top or bottom of the this EMA once drastic price movement settles down. So yes, its price movements most likely will be inside the 0.00000940's area.
If we are to get another pump, my bullish price target would be the 0.00001770 area. We need good fundamental news to push the price back up and most likely we will be getting one soon since this project aims at sports-related activities.
Feedback and suggestions are appreciated, thanks!