Chiliz price has been forming a series of lower highs since hitting a local top at $0.95, suggesting aggressive sellers. So far, the bulls seem to be defending these minor corrections, which has created a horizontal support level at $0.49.
If trend lines connecting the swing highs and the demand barrier were to be drawn, Chiliz price reveals a descending triangle pattern in play. This setup forecasts a 47% crash to $0.26, determined by measuring the distance between the pivot high and flat support and adding it to the breakout point at $0.49.
Copying/Pasting full or partial texts with adding very little original content are frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit