Nice consolidation above VA( Volume profile ) with price above anchored VWAP of 19th May selloff...
Price is well above crucial moving averages.21dma,50dma
Volatility Contraction as well
CHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming...
Chiliz is facing a consolidation after a big breakout. A typical flag and poll pattern is observed. Looking at the combination of Bollinger band and fib retracement, a good buy zone is seen. Looks good buying at the zone.
Dont sell your chz until a candle closes below that black dotted line.
Add more if chz falls and closes above the dotted line and green hofizontal line.
