Hello everyone
The price has been ascending forming a bullish channel, now the price has broken the support of 0.4148 - 0.4068 and has retested it forming a double bottom pattern in 4h timeframe.
The price has subtracted rejecting the 0.5 fibonacci line. now I expect bullish momentum to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Buy Chiliz:
Entry price: 0.4176
Take profit: 0.4637
Stop loss: 0.4038
Risk / Reward: 3.34
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
The price has been ascending forming a bullish channel, now the price has broken the support of 0.4148 - 0.4068 and has retested it forming a double bottom pattern in 4h timeframe.
The price has subtracted rejecting the 0.5 fibonacci line. now I expect bullish momentum to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Buy Chiliz:
Entry price: 0.4176
Take profit: 0.4637
Stop loss: 0.4038
Risk / Reward: 3.34
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
Chiliz + 5.74 %