CHZ – time to dump!

Today market gave me clear picture that the uptrend on CHZ have been ended yesterday.


Hello, everyone!

Last time I made an analysis on Chiliz a week ago. Market deceived me with the flat correction inside wave 4 which I wrongly interpreted as the wave 3 and 5. Flat corrections became more often phenom recently. Today market gave me clear picture that the uptrend on CHZ have been ended yesterday.

Let’s take a look at the 1D time frame CHZUSDT chart of the WhiteBit exchange. Trading chaos approach gave us the very nice picture. First of all I want you to bring your attention  that the price have reached exactly the minimal wave 5 target. Of course it’s insufficient to enter the short based only on that.

Yesterday bar was the bearish inverted hammer which in conjunction with the squad condition and angulation with the Williams alligator give us the idea that it’s reversal bar – the best place to open position against the trend. Divergence on AO is weak, but it’s divergence which is also the reversal factor.

I opened short on CHZ again, hope it will not go against me again.

Best regards, Ivan

Trade on WhiteBIT! Use this link to register and receive 40% of trading commissions from your invited users!

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! We decided to find the crypto assets with the largest potential and the proper Elliott waves structure and found ARB which is still at the bottom but has

Hello, Skyrexians! Recently we have already made analysis on DOTUSDT before the dump, where pointed out that wave 5 to the downside ahead. Asset has finally reached the minimal target

Hello, Skyrexians! We hope you enjoy our yesterday Bitcoin analysis which is now playing out. Daily candle closed great, but this reversal is still unconfirmed. So, we are still in

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