AlanSantana

Chiliz Hits Support | Will It Bounce? | Chart Signals

BINANCE:CHZBTC   Chiliz / Bitcoin
Chiliz ( CHZBTC ) almost hit the .786 Fib. retracement support and started to bounce... Let's take a quick look at the signals:

  • Prices for CHZBTC bounced just above .786 Fib. For bullish cycles, .618 Fib. can be enough to complete a retrace so reaching lower and bouncing with strength can be a bullish signal.
  • Volume is showing up.
  • Break above EMA10.
  • EMA100 being challenged.
  • Bullish RSI .
  • Bullish divergence on the MACD + bullish cross.
  • Downtrend line broken.

There you have it... You can find the important support and resistance levels marked on the chart.

My view
I believe Chiliz can produce some good growth here... There is still the possibility of another low before fully resuming the uptrend, but a bullish move is still due now.

Thanks a lot for reading.

Namaste.

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