I did my own research and analysis.
Almost more than 200% profit chance here.
Chilliz just grow 700% on a week, I anticipated this correction and sold my $chz I used Ichimoku Cloud, fibonacci retracement and extension and also adx dmi indicator.
I marked the points where you can buy. If the trend keeps going lower we will reach the buy zone.
Added lines to every moment that ADX /DMI showed us when the trend was weak or strong and put a signal for us to join the trend, also i put another eclypse on the "death cross" for the downtrend confirmation.
$CHZ is bearish for me. Since the last ATH it started a downtrend channel that respected almost perfectly.
Too many bulltraps, for some reason people tought that we were in a small correction without care about the fact that we joined a downtrend channel , also we didn't break the last resistance that was tested by the last trend.
700% + on a weeknd is too much for a project that just started the hype in social media, as seen @ lunarcrush.
Most part of the tokens of CHZ have been used to get another fan tokens like BCN that increased it value a ton.
Entry points / buy zone:
1.0.49 - 0.50
2.0.28 - 0.29
If keeps downtrend with strong signals like death cross medias or a big resistance with ichimuko cloud prepare for 0,2 (worst scenario, or might be the best? :)
1. 0.8 - 0.83
2. 0.9 - 0.94 ( ath )
still greedy? Try it more, it could be $1.20 or more according fibonacci, but for that I think that we need a big new or massive mass media exposure. But since it was listed on crypto.com, who knows?