$CHZ/USDT 4h (#BinanceFutures) inverted Head and Shoulders break

Chiliz broke-out and retested the small broadening wedge then regained 50MA support.
Looks good for bullish continuation, let's catch it on a pull-back towards the iHnS neckline!

Current Price= 0.18333
Buy Entry= 0.17764 - 0.17066
Take Profit= 0.19466 | 0.21031 | 0.23172
Stop Loss= 0.15768

Risk/Reward= 1:1.25 | 1:2.2 | 1:3.5
Expected Profit= +23.56% | +41.52% | +66.12%
Possible Loss= -18.92%

Fib. Retracement= 0.559 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 2 weeks

Tags: #CHZ #CHZUSDT #Socios #FanToken #Sport #eSport #CEx #BC #NFT #Payment

Websites: chiliz.com chiliz.net socios.com

Contracts:
#ChilizChain CHZ-ED
#ERC20 0x3506424f91fd33084466f402d5d97f05f8e3b4af
#BEP2 CHZ-ECD

Yorum:

TP1 would have been reached with up to +32.66% (2x)

Chiliz pushed higher but entry was missed, we'll stick to that set-up since a pullback could let us in.