CHZUSDT Trade Idea - Moon wainting! Tick, Tock...

Hi to all TV people, today I charted Chilliz.
This is NOT a major cap coin, but who cares... we want moon right?


Here we have a few data:

Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)

Low market cap means more room to grow, on the other side more volatility.


Chilliz broke out from descending wedge forming from January 2023. Measured target is a 2X from here. I think more is yet to come. Just be careful about crypto and global market conditions.

In my opinion we can reach easily 0.14 mid-term. We need to watch more from the rest market to know if there are the conditions for this alt to grow more.

My suggestion is to hold spot in your alts bag, no leverage.


Not a financial advice, always DYOR.



Good luck.
ShadowPlayer.

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With the month close volatility is expected. Risk under your control.

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Moon Boys, I expect target to be reached this month.

But first, let's clear local resistance at 0.085.

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CHZ trying to consolidate above local resistance. This is also a pivot point for a possible rally to 14 cents.

If BTC doesn't stop the alts party next target will be 0.0979.

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Volume and price action indicates a breakout of local resistance.

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After clearing the resistance CHZ started to rise slowly and steady.