Last time I made an analysis on Chiliz a week ago. Market deceived me with the flat correction inside wave 4 which I wrongly interpreted as the wave 3 and 5. Flat corrections became more often phenom recently. Today market gave me clear picture that the uptrend on CHZ have been ended yesterday.
Let’s take a look at the 1D time frame CHZUSDT chart of the WhiteBit exchange. Trading chaos approach gave us the very nice picture. First of all I want you to bring your attention that the price have reached exactly the minimal wave 5 target. Of course it’s insufficient to enter the short based only on that.
Yesterday bar was the bearish inverted hammer which in conjunction with the squad condition and angulation with the Williams alligator give us the idea that it’s reversal bar – the best place to open position against the trend. Divergence on AO is weak, but it’s divergence which is also the reversal factor.
I opened short on CHZ again, hope it will not go against me again.
Best regards, Ivan
Operación cerrada: objetivo alcanzado
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The first target for CHZUSDT have been reached, I hope you have earned some money on this trade. You can hold the short trade for the new lower low level (approximately $0.08). If you are risk-averse just close the position.
@hojjattaghinejad, not important. Waves more important. All news have been already priced
kashsotoodeh
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So all that hoax about Chiliz & world Cup WAS a scam? I CALL it a modern day rubbery and also lawfully designed ,Nice one . But I think it will turn around one of these days just on no basis
sheerazahmed476
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Agreed with you dude BTC dump is coming soon so for that CHZ will Rip soon.
JoeChampion
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Makes sense, thx!
AtlasTrades
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I love this method, thank you for great chzusdt idea !
YMGroup
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Cool chzusdt idea buddy, I love your style
SwallowPremium
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Thanks for the clean chart!
Michael_Winner
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Love this analysis! Thanks for sharing your chzusdt idea