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The Chiliz coin technical chart shows the cup and handle pattern formation. This bullish pattern is often spotted at the market bottom and assists buyers in extending their recovery to a greater height. Moreover, even the Corecția a doua jumătate a lunii august bolsters for this pattern’s handle portion, which supported at $0.184. This handle portion is important for a potential recovery as it indicates the traders are buying at dips.
Puncte cheie
- The Chiliz price recovery under the influence of cup and handle pattern
- A breakdown below $0.184 will undermine the bullish pattern
- The intraday trading volume in the CHZ is $703 Million, indicating a 1% gain
Sursă- -Tradingview
On September 15th, the Chiliz coin price rebounded from this $0.184 support and formed a model dublu. This bullish pattern gives an extra boost to drive price recovery to higher levels. Thus, on September 17th, the buyers gave a bullish breakout from the $0.222 neckline resistance.
Earlier today, the Chiliz coin price showed an excellent follow-up for pattern breakout with a 10% intraday jump. However, a sudden selling in the crypto market offset today’s gains and reverted the prices with a long-wick rejection.
Anyhow, if the coin buyers manage the daily candle closing above the $0.22 resistance, this level will flip into a suitable footing. With sustained buying, the altcoin may drive the prices higher to rechallenge the $0.251. This supply zone is the neckline for the cup and handle pattern.
Completing this pattern, with a break above the $0.258 barriers, will further accelerate the bullish momentum and drive the prices to the $3.32 mark.
Indicatori tehnici
Indicator vortex: the bullish crossover between the VI+ and VI- slope hints at active buying in the market and the bullish theory to breach the $0.258 neckline
EMA: the coin price trading above the crucial EAMs(20, 50, 100, and 200) accentuates a tendință hulitoare. Moreover, these could assist buyers in maintaining this bull run.
- Preț spot: 0.2293
- Trend: optimist
- Volatilitate: ridicat
- Niveluri de rezistență - 0.258 USD și 0.33 USD
- Niveluri de suport - 0.22 USD și 0.184 USD
Conținutul prezentat poate include opinia personală a autorului și este supus condițiilor pieței. Faceți cercetările de piață înainte de a investi în criptomonede. Autorul sau publicația nu își asumă nicio responsabilitate pentru pierderea dvs. financiară personală.
Source: https://coingape.com/markets/can-the-rising-chiliz-coin-price-surpass-2-25-barrier/