CHZ, Chiliz Heatin' UP

6 May 2021

CHZ, 4H: Retesting the downsloping trend line at $0.51. Asset looking to form neckline of inverse Head and Shoulders with favorable divergence. Stop loss just below the 0.236 Fib level, and even though the targets are far away, Chiliz could see them all with time. Perhaps more of a position trade, but seems like we are done with the 50 cent region.