✳️ Chiliz vs Bitcoin | Very Interesting (66 to 114% Potential)

5 Jan 2023

Chiliz has a unique chart compared to other altcoins within the cryptocurrency market... And the price action is pretty crazy.

The strongest bull-market for Chiliz (CHZBTC) happened in 2022.
From May to November we saw a massive bull-run with 425% growth.

The strongest correction ever followed from late November to late December with only two days green... The chart is 100% RED with a 64.10% correction.

30-Dec. a low was hit and this coincide with many altcoins.
So, while the chart is different for most of 2022, the low came in at the same time.

This low happened at the 0.786 Fib. retracement level of the last bullish wave; perfect, this tell us that a bounce/relief rally has high possibilities of taking place.

Today we have a full green candle with the highest volume in several months...
This candle pushed Chiliz above EMA10 while challenging EMA21.

This is a good setup... Low risk, with high potential for rewards.

The targets are mapped on the chart.
66% short-term and more possible depending on how things develop.

We have to track the charts and adapt if things change.

Prepare for the worst, hope for the best.

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Trade signal... Do your own research.

BUY: 0.00000610 - 0.00000675

TARGET:

1) 0.00000840
2) 0.00000000
3) 0.00001120
4) 0.00001245
5) 0.00001425

STOP: Close weekly below 0.00000590

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Namaste.