CHZ is about to explode!

I found the prefect signal with the Elliott Waves analysis on Chilliz. We can see that the Waves 1, 2, 3 was formed. The Wave 4 is forming now. As we know the Wave 4 usually means the profit taking after Wave 3.

Hello, everyone!

I found the prefect signal with the Elliott Waves analysis on Chilliz. We can see that the Waves 1, 2, 3 was formed. The Wave 4 is forming now. As we know the Wave 4 usually means the profit taking after Wave 3. As a result Wave 4 develops slowly and usually is formed as A-B-C-D-E triangle correction, which we can see properly on the chart. This wave is next to it’s end, because the full correction cycle was formed and the target zone for Wave 4 (0.5-0.61 Fib) was reached. The target zone for Wave 5  calculates as the distance between Wave 1 start and the Wave 3 end prices plus the Wave 4 end price. This we obtained the $0.78 as the final target to take profit.

Put your stop-loss below the Wave 1 peak ($0.36). This is the nice trade opportunity with the 3:1 risk to reward ratio.

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Yesterday morning we did a big warning that altcoins will drop again. We expected the dump on Monday, but it has been started the next hour after our

Hello, Skyrexinans! Couple of weeks ago we also warned you on the weekend that on the next week can start the huge dump on the crypto market and on altcoins

Hello, Skyrexians! Recently we have already made the analysis that ETH is printing the wave C inside the global wave 2 in this bull run. Today we will consider the

Hello, Skyrexians! We have already made a lot of analysis on ADA and all of them plays out great, this coin is very technical moving, so we can predict them

Hello, Skyrexians! Recently talked enough about the Bitcoin and Dominance, it’s time to come back to altcoins with great potential. This is time for because it looks like to flash

Hello, Skyrexians! Yesterday we pointed out that 0.5 Fibonacci has been reached at 80k and this dump will not continue. Today we have a great bounce above $85 and the great chart